Optionsellers.com

Bill: So what are these fires going to do to the price of oil as a factor? James Cordier, from OptionSellers.com, he thinks the wildfires there are giving oil a short-term string, and the headlines will be no match for the over-supply. In fact, you think we could see $35 again by the end of the year, don’t you? James: Bill, we certainly do. We’ve certainly had a seasonal rally. Last time we spoke to you we were back in January and we were talking about a seasonal rally starting in February, rallying into March and April. We’ve had that. The fundamentals have not changed that much from last winter when we were sitting around $30. There’s a lot being made about the smaller production in the United States. Of course, we’re losing some barrels out of Canada right now. But as we get past driving season, we’re going to have, once again, a glut of oil. We’re losing places to fill storage tanks around the world. Believe it or not, we’re starting to import oil here again, and I think this fall we’re going to have a b