DislikedWhile oil might come down dramatically in the medium or long run, at this point, there is some evidence that the price hike is due to fundamental issues, the demand being outpacing supply.Ignored
And to those suggesting the demand in the US for oil derivatives has not begun to decrease, I'd like to point out that report issued sometime after Memorial Day that said auto gas consumption was down 0.4% from a year ago. Lots of people have begun to curb their usage of gas and other oil products because the prices are getting too high.