intelligent investor, page-11

re: bottom bets dont think so or it would have hit 55 already...there is still a small Iran premium built in plus traders are conscious that hurricane season is not over until the end of october and that terrorists are still out there planning significant attacks on oil installations...just one event can tip the scales back towards 60-65....america may be well supplied now but the global supply line is still VERY vunerable and tight....Russia cancelling the largest oil field lease in the world off Japan is evidence of the tensions still there in the oil market...