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To access the member portion of the website, simply click on the "Subscribe Now" tab, establish a username and password, and you'll have full access to the Dynamic Growth newsletter and portfolio. This free trial will end on June 1, 2007. It was only a matter of time before we received a report saying crude oil inventories declined for the week. I have been reporting that reported crude inventories have been dropping for 6 weeks prior to today's report. During the latest drop in crude prices, the Chinese were using the sell-off as an opportunity to add to their strategic reserves. The closet idealists on CNBC were cheering the recent news, and even suggested that oil may be heading for a bear market. In a Bloomberg interview today, Jim Rogers said, " Oil will resume its march toward $100 a barrel after a ``correction.' While in Tokyo, Rogers added, "I'm just not smart enough to know how far down it will go and how long it will stay, but I do know that within the context of the bull market, oil will go over $100. It will go over $150. Whether that is in 2009 or 2013, I don't have a clue, but I know it's going to happen.' On January 16th, Bloomberg quoted T. Boone Pickens, who said "he was sticking to his prediction that prices will average $70 a barrel this year."

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