Its outrageous that OPEC says that oil could be at 150-70 this summer, but at the same time insists there is no severe demand out there. Now Mr. bush can show if he has any guts - that's the reason to send some aircraft carriers over and get some OPEC member presidents in a conference call to ask them if they are out of their freaking minds. That is what I consider a terrorist attack to threaten world economy with a hyperinflation.
The odds are still good we are topping out within 2 weeks, since if Misters Bush and Bodman have a common sense together its time to through the strategic reserves on the market - push oil below 100 and get the index funds out of the game. Its an easy trade to trigger the stops for the longs.