[OregonRancher]

Your assessment is basically correct. Poltically this is a poison pill that no one will touch because the great unwashed will not believe it and demand the head of anyone who tries to tell the truth.

Transportation will be hit hard, it already is. Look at the surcharges now being levied by the trucking and air carriers. This will raise commodity prices even further and reduce the section of the pie called discretionary spending. It will raise the price of fertilizers,plastics, the list goes on.

I'm lookng at coal and railroads as a possible hedge..

[liberallarry]

Energy & PetroBoard

Ignore the blaming and conspiracy theories and this is a pretty good board covering the current situation. What is Yergin's reply to the latest news? I haven't been able to find it...or Simmons response, either.

Hard to believe oil was at $12/barrel in the late '90s. How could that be? The basics haven't changed that much. Is manipulation really that important, are markets that unreliable?