Temporary Effect?

As rational investors, we have to make clear between a temporary and sustainable effect.
For example, earthquake will be an temporary effect for the stock market. (Of couse, if a place keep on having earthquake, then earthquake will become an sustainable effect for that place.) Like the definition of inflation, it is define to be a sustained, rapid increase in the general price level. Thus, inflation will consider to be an sustained effect. That is also why investors pay more attention to CPI or PPI data.

Yet, the point to share these ideas is that I consider the weather variables or effects that push the oil to $83.20 in recent is so temporary, especially in this week. Will the harsh weather exist forever? No way. This is the first support to bear on oil. ( -$2.50 ~ -$3.00)

On the fundamental side, high oil price hurts the worldwide economy, especially in those high unemployment rate countries. Conversely, it is actually the economy that cannot support the hige oil price. I believe the US government should know the reality.
This is the second support to bear on oil. ( -$ 2 ~ -$2.50 )

Overall, the range I give out for the coming week is:
$84.50 ~ $$77 per Barrel

Thanks
Paul Ink