![]() | DrumBeat: July 13, 2006 | The Oil Drum | "If there was nothing to be worried about, then there would be no (oil) price increases." | ![]() |
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Dusty: Bill, it's coming! It's headed right for us!
Bill: It's already here!
which may be an unfortunately appropriate model for what will unfold, whose Act I Scene ii begins:
"Thou, nature, art my goddess; to thy law
My services are bound. Wherefore should I
Stand in the plague of custom, and permit
The curiousity of nations to deprive me,
For that I am some twelve or fourteen moonshines
Lag of a brother? ..."
This tragedy is barely commenced; see,
The audience is yet spare and still crowds
Sweatily through our playhouse' portals.
Far more have seen and heard nought, meander
Abroad in supine ignorance knowing not
This balmy breeze stirring spring leaves forebodes
A tempest to rip the world asunder.
But I get ahead, our play is just begun.
On oil price, it should put on another couple of $ tomorrow, Friday 14th, since little is likely to wind down tension on Israel / Lebanon / Palestine / Iran / North Korea / Nigeria / Iraq soon and it's a G8 meeting in St Petersburg, Russia this weekend. But it shouldn't top $80 before next week unless a further turn for the worse happens. Next week could see $85 if any problems rachet up at all.