Performance does speak for itself: I fucked up.  I thought early today about doing a 180, which would have been a good move.  But the more I think about it, the less I see a reason for oil to continue higher.  First, ME/NA isn't yet as bad as everyone's worst fears.  There are some protests in Algeria and Saudi Arabia, but the situation there is well under control.  Bahrain's protesters, while strong in force and likely to get some of their goals accomplished, have lost momentum.  As for Libya, that should be wrapped up in a week (assuming Obama doesn't lose his nerve).  The U.S. has a light carrier (Kearsarge) and a heavy carrier (Enterprise) already within striking distance, and both will be parked on the shores of Libya by the end of the weekend.  That's in addition to European and S. Korean warships already in the area.  You can guarantee there are already special forces on the ground advising the rebels, at least around Benghazi.  They will be following the game plan the U.S. used to run the Taliban over in Afghanistan in 2001: ground capture done by indigenous forces, while SF advisors guide local forces as well as bombs from above.  Damage done to the oil fields will remain minimal, if anything at all, and foreign workers will be back within a few weeks to get the pumps going again.
Second, the jobs picture is improving, and commodity and precious metal prices are at ridiculous levels; the FOMC meeting has to take that into account.  Then again, I didn't think they'd be stupid enough to do QE2, and, well...actually, maybe I should close my trading account and just load up on silver.  If there is a QE3, I will be buying silver, bullets, MREs, and maybe a cave somewhere, lol.