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I have really been expecting Al Qeada to blow up a strategic oil depot such as the massive storage facilities in Oklahoma. Sub prime mortgages were a big part of the current economic nose dive but high priced fuel might have been even bigger.

Thanks to ethanol competing for corn in cattle feed and for the high price of producing and transporting feed and fertilizer, the amount I spend to feed my cows has doubled. The price of oil is now below $40 per barrel. I have heard that the price of nitrogen fertilizer may drop in half. The local suppliers are holding off on their orders for the upcoming growing season until they see the price. Demand for fertilizer fell drastically last year. That caused the protein in hay and other forage to drop. When winter comes and cows are losing condition due to lack of protein in their diet of hay, my only choice is to buy more expensive feed containing higher levels of protein.

The cost of energy not only affected the meat producing industry, the effect probably can be demonstrated throughout our economy. So, if you are Al Qeada, whose income is probably largely based on the price of oil and you know high oil prices hurt America, what are you going to do? I think I know and therefore own oil stocks for a hedge. I think the current president is more interested in reading terrorists their constitutional rights than he is in stopping the coming attack. That will change the day after, when they hear the boom and pull their heads out of the sand. Protect the country? Who is Commander-in-Chief? Who shall we blame? Obvious. I miss President Bush.