Doesn´t matter ! Let´s push it up to 120 as an inflation hedge ! And of cause to please OPEC and Russia !
I wonder what the type of news will come out that will mark the top in oil. Last summer the top in oil was when Bush withdrew the idea of sanctions against Iran. The bottom to oil this year was the idea of the surge. Throw in the vote that the Iran Rev. Guard are terrorists and now the WW3 comment and we're still heading higher. On another note, now with everyone pointing to the weakness of the dollar, I wonder when we'll get the magazine cover that marks a or "the" bottom in currency. The March '05 BusinessWeek cover gave a nice short term bounce then.
Yep, we're due for a "Death of the Dollar" front cover soon. Of course, they might have learned from the last time.