Price of OilObbguy, you have to remember that the world is awash in oil. Never forget that the huge run-up in the price that we have seen in recent months is the result of a G-8 backed operation that has specific objectives. Not a single govt. has been willing to take any action to put an end to this masquarade. And the reason is that it is a piece of theater that they are orchestrating. If it were merely speculators who are responsible , they would have broken them long ago.