McClatchy Washington Bureau | 04/18/2008 | "Middle Eastern oil-producing nations are behind today's record high oil prices, but not for the reason you might think. Taken together, oil-rich nations represent a bloc of fast-growing economies that are now sucking up new energy supplies almost as fast as they're coming to market."
This goes along with what I was saying in the last post. For now the oil producers are just deciding to use their share of the bounty. When the other shoe drops, and they decide they need to also save some for the kids, its over folks.
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