re: #151 ggt
Really, I still think it has to do with “what the market will bear”.
Always the case in a “free market”.
re: #148 Gus 802
Now the spike is due to the “Arab spring” and everything else going on there.
The loss of Libyan oil has only been compensated by (1) slow economic “recovery” around the world, (2) marginally higher output by a few nations (including the US.)