For those not aware, there seems to be an ever increasing number of events that push the price of oil higher. Last week a lightening strike obliterated an Indonesian refinery. Today, this explosion engulfing the refinery. And of course, we have our daily dose of Middle East events.
Some say Oil is the lifeblood of the military industrial complex, and the price must remain elevated. Some also say they need to blame the rising price of oil for the inflation many believe is coming and or is already here.