Over-supplied markets like the oil market take prices in only one direction, down. We are seeing indications of a historically over-supplied market right now, so we expect continued weakness on the commodity front. The impact of this reality will be felt across the value stream for crude and refined products until demand begins to pick up. If you’re a driver of a giant pickup truck, you’re in for some of the happiest times of your life over the next few months. Over the short run crude will follow the law of diminishing marginal utility where early consumption is advantaged over later consumption of a good. Here is an example- On a hot summer day, a glass of lemonade from your neighbor’s kid’s lemonade stand is just the ticket. The second glass is good, but already your stomach is telling you…slow down. Forget about a third class…even if it’s free. […]