Buff, in case you haven't done the math, oil is running out. With the increased uses in China amoungst others, the demand on the oil supply is finally starting to outstrip supply. At some point, the proven reserves will start to dry out and the ramp-up will really start.
The current prices reflect supply shortage, shortage of refinery space, increased demand, and RISK (was in Iraq, strikes in Nigeria, etc).
We are a few large bombs in Iraq away from a true oil panic.
Alex
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Let's go to the edge of disaster Push the pedal and go a little faster Let's slam into a wall at ramming speed Let's go to the edge of a mountain Jump off and lets start countin' Hit the ground and tell me if it bleeds
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