$98 per barrel oil

Jay Honeck wrote in news:1194466141.514812.211060
@z9g2000hsf.googlegroups.com:

The worst part is I dont see any end in sight.

Yeah, it's pretty funny when the Left cries that we're "In Iraq only
for the cheap oil!"

Damn, if this is the "cheap" oil, imagine how bad it would be if we
hadn't taken out Saddam?

Oh, well. High gas prices should really help Light Sport sales, with
those tiny little engines sipping 4 gph...


Do you really think our role in Iraq currently holds any positive impact on
the price of oil?

The price of oil right now is driven totally by near-monopolistic supply
and demand curves. They raise the prices during holidays and higher usage
periods (like the first cold week of winter) to reap the most significant
profits, and then back off just enough so that no one is really inspired to
really convert everything to used wok oil.

If Saddam were still in power in Iraq, he would be getting Halliburton's
cut of the action. That's about the only difference I see.

If anything, the war in Iraq was one of the catalysts for the oil companies
to start this cycle... Between vengefulness, and a real (although probably
artificially inflated) shortage caused by all of the oil fires, OPEC raised
the price. The reaction they saw was a big profit increase, and a small
grumbling, but no other significant consequences.

I wish I could do the same with my products...