This is in reference to an article on the Blomberg site,lately I have been giving my opinion on just what determines bbl pricing,yes we have the traders,we see some leasing of Oil Tankers to store the Oil until price of bblis higher,for me the first ones to do this was the USA Strategic Reserves,it all seems such a coincidence that just when those reserves were depleted while bbl was in the hundreds and yes I understand it truly was an emergency with Hurricanes devastating the Gulf States,we now have those very same Reserves at bthese LOW prices.

I just cant get over the fact that consumer use has gone down by some 10% yet Oil bbl can drop close to 5x that much ,that Government can profit from this does not sit right with me,its not just Oil execs making huge bonuses,bureaucrats also line their pockets.

What sticks in my craw is that CLL's stock price has to suffer because investors are more short term than are Traders who buy today "store it" and await a price hike ,a hike that is near a sure thing, going forward those prices are already in the contracts.

I continue to feel Connachers managemnt has seen the above scenario and as such has cut production by half,you can be sure taht if this were the norm by other Oil and Gas producers the BBL price would not be anywhere near what it is today but closer to a 10% drop from $150 ??????