[bvw]

Here's what I PAID in cash, Dane: For a gallon of heating oil 0.75 US dollars on 21 Decemeber 2001, and 1.27 US dollars on 12 January 2003. That's actually a 69% increase over the two years. I was being pleasant, comfortable, and cozy to say 50%.

[Dane]

Here's what I PAID in cash, Dane: For a gallon of heating oil 0.75 US dollars on 21 Decemeber 2001, and 1.27 US dollars on 12 January 2003. That's actually a 69% increase over the two years. I was being pleasant, comfortable, and cozy to say 50%

Yep, OPEC cut production and Iraq also had it's production down to zero. Iraq is now on it's way to get it's production back up. It is at 2 million barrels a day curretnly and is building up its infrastructure but that will take time. Iraq has about 3/4's the oil reserves of Saudi Arabia, which means it is massive.

Also the demos have blocked any development in ANWR. Do you think that you can twitch your nose and oil shows up. It doesn't. There will be a new paradigm when Iraq is up and running at full production, but that will take time and IMO, the US and the US consumer will benefit.