There is a far higher premium on the price of oil becuase of the growth of oil consumption in Asia in the last decade and the limits of refining capcity globally. Oil didn't go anywhere near this high during the first Gulf War, and that was during a period when Saddam invaded Kuwait and threatened Saudi Arabia.
Even after U.S. troops draw down in Iraq and tensions with Iran calm down, oil will continue to be very expensive relative to past prices. OPEC has decided that the world can bear higher prices and they are going to keep the price high. Unless someone discovers an alternative to OPEC, or the world slows the buying of OPEC oil, the price will remain more or less where it is. On Dec 8, 2007 9:28 AM, Dana wrote: > yeah? I'm sure he will. I'd bet money on it. But not by investing in oil. > I'm trying to put my money where my mouth is. Seriously, we are paying a > premium on our oil because of the risk of instability in the region. > There is *no* question about that. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| ColdFusion 8 - Build next generation apps today, with easy PDF and Ajax features - download now http://download.macromedia.com/pub/labs/coldfusion/cf8_beta_whatsnew_052907.pdf Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:247955 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
