The market needs time to digest the good run it's had. It's getting no help from oil.

Energy stocks will fall more if oil prices pull back further.

This deal is positive. China needs to import oil, after all, but we have to know the valuation of the assets before we can say if it is at the right price.

There's not enough natural gas to substitute for heating oil. So this will help support crude oil prices. What we need is not (crude) oil but heating oil and natural gas. Unfortunately, there's no strategic reserves for them.

Jazz needs the help. It's the more sophisticated music. All the other music is on the TV, but jazz isn't.

Releasing an equivalent amount of oil from the reserve for a short period of time will help keep fuel supplies adequate, not just for the Gulf Coast area, but for all the United States.