Originally Posted by forgot to bid

I'd not be surprised to see $100 by 4pm and a close in the high 90s. If $4 was the breaking point in a roaring economy in 2006-2007 and slowing in 2008 then my bet $3.50 is the breaking point tbis time. I doubt you'll see $3.50+ before supply far exceeds demand and price falls. If Saudi collapses or Egypt gets worse and sabatoge becomes the norm then hello $5. Thank goodness for the drilling moritorium and anwar activist.