Oil does it again, sets new record

Oil hits a new high today and closes at $113.79 after testing $114. We're now in a no mans land and it's not going to take much to test $115. Gordon Brown and Bush can groan all they like but they should have thought about the consequences of invading Iraq and promoting conservation long ago. Since the US and UK invaded Iraq the cost of oil has gone through the roof and it's not going to ease up just because two leaders of two countries that the oil producing countries detest have a public temper tantrum.