I agree that the oil market has been driven by speculation. I'd _love_ to see $60/bbl. if only to screw the world's oil-dictators. But should it go that low again? The best way to screw the world's oil-dictators is to find a successful alternative energy source and $60/bbl. oil will only dampen demand for alternatives.

BTW, such wild price swings are a typical feature of an item whose supply is dwindling.