I just came to an answer for this oil run up. The inmates are running the asylum. Looking at some of the comments, primarily from the energy forum in Rome, their conclusion is the world is well supplied and more oil would not affect the price. And the Iranian Pres thinks it's too low. Throw in Russia which is dysfunctional, as well as Mexico, Chavez wants $200 oil to punish the US, and the Saudis that don't think they need to increase output beyond next year. The basic economic laws are not important to these entities, the middle east doesn't know what to do with their surpluses now, and the majors only control 10% of the business. And the majors can't say anything because these entities are their only hopes for growth. Maybe an India Pale Ale will improve my outlook, maybe two. Cheers.