Oh wait, there was no attack or any other supply disruption, just some absolutely stunning speculation. For anyone that has been sticking to the idea that the current runup in oil prices is a supply/demand issue this should be your wakeup call.
This should also be the wakeup call for our government (yes that means you nominee Obama) to get emergency legislation passed that will effectively end speculation in oil (and food). I would propose 1) passing Lieberman's bill that would prevent pension funds from trading in oil/commodities, 2) placing a 90% tax on all profits generated from the trading of oil related ETF's, 3) increase margins to 50% (relief can be given to traditional hedgers like airlines). These 3 steps should take the speculators out of the market and return supply and demand to the equation. Failure to act now could really mess up the economy (globally) and do nothing more than shift the world's wealth to the middle east.