Eeks;

Thanks for the heads up on the possibility of drop in oil prices. However, your Figure # 5 shows that oil prices dropped mostly because of the recession and demand destruction. In fact until January, those who bought futures contacts lost money. Therefore, assuming that the enormous amounts of money being poured into the economies by various governments around the world will start the economies going again, then demand for oil also will pick up. If the recession continues, based on the link you have provided (http://www.investorschronicle.co.uk/MarketsAndSectors/Markets/article/20...) there is still plenty of storage capacity available. Here is what the article says: “The good news is that the world isn't yet running short of floating capacity. According to a spokesman at Frontline, the leading tanker company, there are over 500 large tankers globally, able to provide plenty more floating capacity before producers really need to worry.” Never the less, it is clear that we are not out of the woods yet and caution may be prudent. bzl14