Reality check.
If this goes through, it will take almost 5 years before the first drop off that oil becomes available, and then, with total reserves of only 18 billion barrels, it will make a very tiny impact on price.

--- On Wed, 6/18/08, roger sisler <rogersisler2000@YAHOO.COM> wrote:
From: roger sisler <rogersisler2000@YAHOO.COM>
Subject: A friend bought a NEW Camero Z28 in the midst of the first oil              crisis
To: vanagon@GERRY.VANAGON.COM
Date: Wednesday, June 18, 2008, 8:50 AM

What moxy!  What gas guzzeling audasity! The rest of us were all wondering where
we were going to get our next tank of gas and he comes home with a new 1974 Z28.
You know he got the best deal anywhere on that car. I always liked those
aluminum bumpers and Z28 wheels. He never let me drive though.

Well, that crisis blew past and so will this one. I think the Pres just did it
this morning. It seems that the extrodinarily high gas prices are speculator
driven and have room to fall to where they should be. The president just gave
it a kick: east and west coast off shore drilling,ect, ect( I can see oil
drilling derricks off Ocean City now)  Just the hint of additional oil and
actual plans in motion are enough to reverse this  unsubstainlable, insane
spiral  Economist ( not my son the economist) say that real prices should be
between $80 and $100. Specualtors are a nervous and unfaitful lot.They pull
their money at the first sign of trouble. Trouble that means they may make less
than 1000 Percent on their money.Can't blame the investors. Who would walk
away from a fool and their money. Don't want to be in bad company. They are
just doing what investors do. Obama would want to just talk to them.

My son says nuke Iran and hold buckets out to catch the oil.

Keep your Vanagons, and keep the hope alive, as lower prices are-a-comming.