Agree 100%....the market speculators have taken oil a little too high.....Chinese PMI indicates further bearish sentiment in the second largest economy....USA economy is also in the process of further downside pressure going forward...It is now well known news that the major US companies are not re-hiring the lost jobs and that times have changed....Most of these companies are equally producing with reduced workforces. It's also quite obvious that the general global population is now more then ever socially conscious on fuel economy....More energy efficient vehicles being sold in NA.