Jurek

For once I'd have to say I agree with you about 80%

Where I would disagree with you is on how much influence OPEC can have on World Oil prices. I study military history and politics more than finance. As much as the futures traders can control the price, nothing can keep down the price when a severe military threat occurs. Iran/ Isreal / U.S confrentation over Irans Nuclear ambitions. Iran mining or attacking shipping in the Straights of Hormuz.. A war between Russia and the Ukraine which many see coming. Chavez and his continued aspirations..A possible Cuban Missile type crisis as Russia tries to expand infuence in the Westerm Hemisphere.. Of course history has proven that EVERY NEW president is tested shortly after the innauguration.

My point is that any OPEC producer can drastically effect the price of oil by innitiating an event that causes a world crisis.