** the oil shock of 2006, page-22

predicting where oil prices are headed must be the toughest game in town. if prices were to head back to the $40's then i'd say it wouldnt stay there long cos it would make a lot of oil developments around the world uneconomic, especially with costs spiralling upwards.

what seems to have been overlooked by the mainstream media is the fact that major fields in kuwait & mexico seemed to have peaked. but hey its no major issue cos everyone is so obsessed with the weekly US inventory reports.