tresspass

China, Iran, Nigeria, and Oil

This is one guy who is out of touch or just being disingenuous.

Another " minor " point to add to one eye's very astute observations---this one will get ya'---the world bank just revised China;s GNP from 6.5 to 7.2%. The author's commits the worst sin in journalism or column writing and, certainly reporting. And that is the sin of omission.

Oil’s Running - How Strong Are Its Legs?

True, old trader.

Now this: " No matter what the government or suppliers try to do or say, consumer demand is still very weak, period..."

true , it's weak---hello? we're still in a recession. but the market, so they say and have prospered by this parable, is a forward looking mechanism/forecaster. And, paraphrasing Trader, are we that ego-centric to still believe the US and Europe are the only land masses on Earth?

BTW, I'm open for education, what's in it for the US to try and convince us that oil supplies dropped last week and just may again 2 weeks from now?