re: Is "smart money" piling into oil once the calendar flips to January?

It's interesting how oil has become an investment vehicle (or that it always was).

Something so necessary for our economy, that is subject to wild price swings based more times on speculation than on underlying economics.

$100 oil is gone for a long while. If oil starts to jump, all of these new technologies for finding oil will restart long before it gets to $100 which will clamp a rapid rise.

I see nothing ahead that would indicate a change in the supply/demand in the short term. If anything, looks like supply is still too high.