BCE apologizes for his last perhaps a little too crude and graphic attempt at humor. He meant well. Good night.
http://www.reuters.com/article/2011/03/07/us-markets-global-idUSTRE71H0EB20110307?pageNumber=1 "The concern is that with what we are seeing in Libya, it's purely fear driving the market," said Jonathan Barratt, managing director at Commodity Broking Services in Sydney. "Each time the price moves up a little, people are forced into the market. Once it's feeding itself, it will continue to rise," Barratt said, adding $120 may be the peak without further supply disruptions. A reasonably strong batch of U.S. data on Friday that showed the jobless rate falling to a near two-year low failed to boost sentiment, as investors remained firmly focused on the developments in the Middle East and the resulting longer-term impact on oil. U.S. crude is up by more than a fifth in the last two weeks. ========>>>> 20% up in 2 weeks ============ The spike in oil combined with soaring food prices present fresh problems for central banks in Thailand, Malaysia, South Korea and New Zealand who head for policy meetings this week. The region is a big importer of oil and market players are worried that sharp increases in prices would stifle growth and fuel inflationary pressures.
$120 calls have been bought like fried dough, pizza, and ice cream on the beach. It should print in the next couple of months.