Oil prices - What's the breaking point for you?

[pundit]

... Speculation seems to be the problem; I read in an article that buyers with strong currency begin to find petroleum more attractive because the American dollar keeps going down, so they are buying a lot and driving prices up.

A few are making a buck on our back without much regard for humanity's sake, or so one might think.

Speculation is a big part of it without a doubt.

I think there will be a point where there will be an outcry over speculative trading of oil, (well there is now really) but will that really change the situation with Bush & Co?

You only have to look at the all the Republican Party 'oil men' to see that is unlikely to happen on their watch.

George is now putting the Alaskan wilderness back on the agenda.

There is still plenty of oil in the ground but it is getting harder to get it out and production costs are going up and up.

It's like gold a few years back; many gold mines had become unprofitable, now that the gold price has gone up in the past couple of years many mines have reopened.