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[littlejohn]

There is an abundance of driving when folks

are able to hit the roads...

That is why March future's oil price

being quoted now looks very cheap...

March price seems to reflect the Current

period of some supply restrictions with

lower seasonal demand...

Demand that will start moving up weekly

now before liftoff by mid February...

On the supply side, the Bakken region

could have another freeze over event

as late as the end of March...

Refining is still limited in capacity for

gasoline, so any builds now in that

inventory will help later...

And any peace is at least a year away

still even if the DEM party is tossed out

of the Oval office...

So we watch...LJ