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Funny how a problem in Israel between them and the Palistinians which does not threaten any of the other oil producing countries is cause for a price hike.
Be kind of poetic if the world said "screw" the Middle East, and went with the Russians who also have huge oil reserves. It would also be ironic if this whole middle east flap would spur development of alternate energy sources which in turn would lead to the middle eastern bastiches dropping back into their pre-historic nomadic lifestyle of camel jockey, left in the back wash of humanity with nothing left to offer the modern world.
If Im not mistaken, the only reason any of these countries have any modern conveniences is because they had oil to sell. What do they do if their customers go away? Goat hearding just doesnt allow for much in the way of progress.
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