>I've heard (sorry no link) that US oil consumption is down 9%
>
>Also, since americans are cutting back, China and Europe consumption is down
>
>In addition, I feel the dollar is being supported in way I don't fully understand, but that depresses the Oil price.
>
>I believe that oil will be back at record territory by next summer
>
>Bob

How could it go up if consumption is down?