How High's The Oil, Mama?

One oh eight and climbin'.

... the fifth new high price for oil in the last six sessions ...

One analyst [...] said of the runup in oil prices: "It's not over."

In early 2003 I sent an alarmed email to a friend, including Josh Marshall's excellent "Practice To Deceive", which discussed the neocon plans to embroil not only Iraq but all of the Middle East in the "transformative process" of modern warfare.

He wrote back and said "I guess I need to start buying cowboy hats and oil stocks."

I've often wondered whether he did.

If so, he's making good money, and on his way to Hell.