Is oil only taking a breather in its bull market?

Question

Or is this the start of oil's real fall? Does the media play into its accepted fact that we are at 4 dollar gas now ad infinitum?

Answer 1

oil is goin back to the normal soon or later but not gonna pass $150 for long time imo.

Answer 2

No.  Oil is heading back to where is should be on a supply vs. demand market.  The speculators are getting cold feet and getting out of the market.