Russia's Novak: Oil market is balanced, demand is gradually rising

so what are you saying...lol...you read this and say...so what are you saying again???

He is talking from both side of the mouth.

I think he said the last several days, if you didn't take the opportunity and load up on your future oil contracts then you're an idiot because it's gonna be just up from here. All seriousness, unless someone can come up with a way to make 4 tires out of anything but petrolum products, then oil will go down. I spoke with high level executives at Exxon and they laught when we talked about green intiatives. They said, the tire in your car will cost about 400-500 bucks a pop if it's not made from petrolum, so until then oil is here to stay for a while and the demand is just gonna get worse