[alloysteel]

On the upside, at $38 a LOT of oil wells in Texas and Oklahoma can start pumping again.

Even more at $50 a barrel. Goes a little higher, the US may become a net EXPORTER of oil, as the last objection to opening of ANWR and offshore drilling in California and the Gulf of Mexico fades.

China's demand for more fossil energy will grow by huge magnitudes over the next ten to twenty-five years. And how are the environmentalists going to deal with THAT?

[Taiwan Bocks]

Even at 38 bucks a gallon, it hasn't gone up much against the Euro over the last two years.