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You've just gotta love to see 'The Herd' stampeding.
'Groupthink' they call it in Social Psychology. Where one person, or a small group, convince everyone else that they are right and everyone else is wrong......and 'The Herd' starts stampeding.

Meanwhile, buried in the headlines of yesterday and today, I did notice the King of Saudi Arabia is putting the 'heavies' onto Syria, by withdrawing his Ambassador to Syria.
Have people forgotten that the main oil exporting area of the world (Middle East/North Africa) is still in turmoil.
Seen much mention of Libya the last few days?
Libya?, you ask......what's happening there?

Ummm, wonder how many new cars were sold in China and India last week?

And that is my point. Media driven headlines and desire for a crisis, can bury the other news factors important to the supply, demand and price of oil

I rest my case. Wake me up when 'The Herd' settles. Even if it's not til 2012.