[ex-Texan]

Headline tomorrow in early morning reads: "Oil hits $ 80 on speculation over Chavez threats." By the afternoon, gas stations will be raising prices again. Early next month shelf prices for everything will be up another 15%. Yada, yada, yada. "Nothing to see here. Same old, same old. Time to move on."

[M. Espinola]

Oil prices fall below $75 (Singapore)

(Light, sweet crude for June delivery fell 48 cents to $74.69/barrel in Asian electronic trading on the New York Mercantile Exchange.) The day session could prove another story contingent on market related news developments.

Summer of soaring petrol prices as G7 warns of economic slowdown

Recall the real-estate pushers keep telling us nothing will slow down the housing boom - no matter what price oil reaches....yea right, and there is a rather large bridge for sale in Brooklyn :)

[EQAndyBuzz]

And of course it is:

Bush's fault.