Hi
I think that oil will drop a lot and settle around $60 which is plenty
I think the USA will finally begin to get a handle on the excessive use of gasoline for transportation.
I have been wrong before but I agree with T Boone Pickens.
The right thing to do is the get off the addiction to gasoline.
I think that will help the other commodities as it will get the economies to grow again and that will require steel etc.
I don't believe there is a shortage of oil, even now, just a shortage of will power.