Let's see, oil tracks down slightly, stock market goes up, a general feeling that the worst may be over....Then? Iran “test” fires some missiles, oil goes back up, stock market plunges, doom and gloom returns. There is a war already going on and the Iranians know that they can effect the oil markets at will. We have met the enemy and he enemy is us. OPEC has realized that they can bring the great American economy to it's knees at will and pocket billions of dollars in the process.
The sad thing is that we have no one but ourselves to blame. Instead of pushing back at OPEC by showing our willingness to develop our oil resources, we plan to build windmills and drive hybrids. If this Country would step up to the plate and allow the entrepreneurs who made this country great develop our reserves while simultaneously developing alternative energy and technology, oil prices would drop accordingly.