That was futures prices Bud.
And futures prices dictates forward prices and guidance. Now you don't need to worry your little head off about Big Oil. They're doing just fine. In fact, the best they done in years. Trouble is they're doing it at the market's expense. At the same time you want to blame the president who happens to be the head of a nation that operates under a capitalist supply and demand market, one you profess to embrace. That's provided of course you're ALWAYS on the favorable side of the supply/demand equation. Well, I'm sorry to have to tell you this but that there's no guarantee that you'll always be on the favorable side.
The key however is to be vigilant , trying as best you can to spot changing market dynamics and do the best you can to adapt and stay ahead of them. In fact the worst kept secret in the entire world was the widely broadcasted move on the part of Big Oil to shift the market back in it's favor. Who's fault is it that only the smart money paid attention to it?
And what just happens to be the biggest market driver when it comes to powered transportation? The near complete lack of competitive alternative fuel sources. The publics unwillingness to detach itself from Big Oil and embrace the effort to create alternatives that would not only reduce our carbon footprint but to finally create some competition for Big Oil while looking for a scapegoat to blame for Big Oil having reclaimed it's market.