Yeah, but thats all priced in, there is always going to be supply disruption due to pipe explosion, storm havoc, etc, which will spike the oil in short term and decrease. In todays Wall street journal: "Oil demand in US id down 1.9% with decrease of around 90,000bpd this year. World oil demand forcasted by IEA will decline by 460,000 bpd. Supply from non OPEC countries will increase by 815,000bpd. Higher prices are sowing the seed of their own collapse, reminiscent of the commodity price spike in the early 1970S" We shall see, lots of things are cyclical. Neverthe less, i'm still on bullish side of oil and will be untill it reaches $125 at which point i'll put sell limit at $125.25 lol
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