Hi Sharky:

Not sure that I agree that oil will be capped at $100.00! There are at present too many elements beyond the control of any authority.

For instance, what if unrest at present extends beyond elements and nations already involved? Seriously doubt that JBC Energy has any control over oil prices or civil unrest now present in much of the Arab world.

For purposes of identification of those actually responsible, could it possibly be that Ben Bernanke and Jean Claude Trichet with all of their loose expansionary monetary policy have more to do with food inflation than might be thought? Yes there are underlying reasons of shortages already in existence. But loose monetary policy on the part of the U.S. and the European monetary authorities are in fact throwing gasoline on this fire in a deliberate attempt to inflate their way out of their fiscal imbalances.

A dangerous strategy is being employed in the attempt for the developed, indebted world to inflate its way out of the results of their insane, reckless monetary and fiscal practices. The dangers are great and the potential consequences at present unknown but perilous.

Hungry people care not a bit about someone elses issues. Only filling that abyss present in their stomach. And if that takes higher oil prices, in their mind, so be it. And no amount of rationalizing by some economist in New York, London or Zurich will change that!

Brian