>>>Oil prices spiked this morning when Iranian President Mahmoud Ahmadinejad appeared on television, because of uncertainty over what he was going to announce. When he started awarding medals to the troops who had captured the Britons, traders assumed the worst.
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>>>But by the end of Ahmadinejad's television appearance it was apparent that the soldiers were heading home, and the price of a barrel of oil started to retreat from recent highs, giving up more than $1 to drop to about $64.
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>>>http://abcnews.go.com/Business/story?id=3007435&CMP=OTC-RSSFeeds0312
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>>That's still a pretty high price for a barrel of oil. I wish we would get serious about developing an alternative energy source. Then all these chowderhead nations who can't stand us anyway can drink their oil.
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>There are natural constraints for energy production, i.e. any alternative source will come with the same or similar problems that put limits on oil production; IOW, there are no miracles around the corner.


No, and I'm not saying there are. My point is it would be nice if we were not dependent on the Middle Eest for energy (along with our other good friends the Venezuelans).