WAR IN IRAQ CONTRIBUTING TO HIGH GAS PRICES

Duh. As I told The Sage last night, I talked to an oil and gas analyst yesterday (a conservative, mind you) who told me that the increased demand for oil by China and India was factored into higher price projections quite some time ago, and that should have given us an increase in oil prices from $25 per barrel to a maximum of $45 per barrel. The $70+ per barrel price we are now experiencing is a direct result, he said, of Bush's warmongering, first in Iraq and now by market fidgets about the possibility of an attack on Iran.