VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[pleeb01]

So if in anticipation of the meeting on Sunday oil rally's to about $43-$45 and then a big let down at the meeting causes it to drop pretty hard next week, shorts can cover at a profit if they are short into the low $30's right? Provided the price gets there? Then the cover of the summer driving season and maybe unilateral agreement between a few big oil producers in a few weeks to freeze (rather than admitting that your production capacity is at max), causes a run to $50-$60? Is that too far fetch?