Energy Alert: this decline in prices makes no sense based on supply demand basics, all of which are known by everyone by Wednesday of every week. So what is going on? The market is moving down mostly because Refco customers, and Refco itself (a billion dollar company), are being forced to unwind positions in all the markets. Futures formally expire today. Expect a major rally in the Crude complex once those positions arew unwound. Thursday's prices are in the last box (below) and note the collapse to $59 before it rallied. This is the last day for the November contract; starting today the active energy contracts will be December, crude currently trading at 60.12 59.67.