That's how the average person is getting involved (in oil futures). You don't see the dentist from Des Moines buying 100 contracts. It's like buying shares in a mutual fund.

You have to look at the trend, not weekly data. One cargo hits the shore and can skew the numbers by 5 to 7 million barrels.

Supplies seems absolutely adequate, but political problems are not. As you get closer to the weekend, people are more concerned about geopolitical issues.

Nov. 15 through April is 100% about demand.

At a certain price, Americans say, 'Okay, I'm not going to drive anymore' or, 'This is getting too expensive to heat my home this way. I have to switch to another fuel.' ... When that does happen, demand will curtail and prices will retreat.

If you couple that with the fact that we are seeing record profits by the oil companies, ... there are questions being raised by our constituents across America wondering how such a situation could exist.