Factors in the U.S. will keep moving oil prices. The U.S. will continue to import oil products to feed its growing economy.

Oil demand in the U.S., China and India is expected to rise further. Supplies, especially of sweet crude oil, will increase only slightly compared with the growth in demand.

There are many plans to build refineries, but with rising construction costs and a shortage of project engineers, expansion isn't that easy. Until this new capacity comes on stream, oil market swings will depend on the U.S. situation.

The country is short of refining capacity. If something happens to cut that, like an accident, prices could rise to $70.

It appears the battle will start tomorrow and investors are understandably taking a nervous stance. Investors are lightening up on long positions just as they did yesterday afternoon.

The key to our season will be out there on the bump (the pitchers mound). I think we can swing the bat and score runs. The big question will be if we can throw it. If we get some guys to step up and throw some good innings for us we can have a good year.