If you see where this is going, call Anderson. The poor idiot doesn't know where oil is going. Please PM me also, because I also don't know where this is going. I'm guessing oil is probably at the top of it's medium-term band, but just writing this will get me swamped by the short-dollar-long-gold-long-commodities crowd. Said crowd, of course, will be just as unsure about where this is going, as I am.

BTW, the reason one hedges, is that one doesn't know "where this is going". A hedge is an insurance policy for our own ignorance of the future.