My argument is: I think there is currently a speculation element in the rally, and it will take some falls from speculation highs before we reach and pass $100 due to real supply problems (but that'll happen in a few years).
We have recently some refinery breakdowns in the USA. Does this remind only me of the California 'Energy Crisis'? Is it outside the realm of possibilities that oil companies are manipulating prices, feeding the speculation bubble this way? *Traitor*, n. A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
