17 Reasons for Energy Prices’ Peak

1. Noncommercial longs (speculators) are at an all-time high; commercial longs have been selling.

2. The put/call on oil recently hit 0.25.

3. Energy is all over numerous magazine covers.

4. U.S. demand for oil fell more than 2% in March, according to the American Petroleum Institute, even as economic growth boomed.

5. The Energy Information Administration recently said U.S. gasoline demand hit a wall and is now flat.

6. Sales for the Ford (F:NYSE – commentary – research – Cramer’s Take) Explorer, America’s top-selling SUV, plunged 42% in April.