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travel jitters only hurt the airlines... most going bankrupt after 911 and high jet fuel prices.. they can limit their losses by hedging their fuel use opposite their interest (ie go long on fuel they use and buy the oppropriate number of contracts that would be an estimate of their consumption)..

thanks for pm corntrader...

It's more complex than that.. The answer is Yes and no because the market supply and demand relatively thin margin.. Any disruptions cause price to rocket up.. Refining takes refinaries and there's not alot of fuel on the sideline so the supply chain requires a smooth flow to keep the price...

Only if there's a severe decrease in demand.. That won't happen since industrial driven economies (US, China, ect) are too dependent on production which requires lots of fuel..

It's not so much supply as on-demand availability.. What good is a supply you can't use?

Reminiscences of a Stock Operator

It's a big hit to all industrial nations period and it will continue to be.. There's no easy solution all the "easy oil" is gone..

I would watch closely but looks like it's going north to me..

So do you use your Gann observations to predict weather patterns?

can't argue that... What about the US dollar trend?

something like that..

As long as you don't end up owning a bunch of corn..

I'm looking for similar deal... GL

You've got opec controlling approximatly 40 percent of the worlds production.. All opec has to do is sneeze and the price is going to react one way or the other.. The USA can't afford to slow down it's usage since our enconomy revolves around it.. But it's not just our problem the escalating...

I have one bit of advice when using "subconcious thoughts" and that's not to confuse what your concious mind perceives which is often jumping to conclusions...

I doubt there will be a housing crash -- it's the only thing holding together our weak economy...

Read his book 2 times going on 3... It's a good read! Anyone making negative comments is just mad because they don't want to learn (or earn it) and are just looking for the holly grail...

Are there any good free ones out there? Preferable with candlestick and volume too...

NihabaAshi, What are the key economic report releases your refering to? Thanks and GL with your book....

I predict $60s soon and can't see it falling below $50 for too long. Although the price has lowered it's still over 30% higher than last year and I don't think many of the problems escalating price have been solved.