It is kind of cool seeing such esteemed business magazines like Business Week saying that hurricanes and "serious supply disruptions" may not be needed for the price of oil to reach $100 per barrel.

Oil prices have gone up to record highs just because of "geopolitical uncertainties" (Iran wants nukes, Dubya wants to control oil, and Africa is a genocidal nightmare), and it's entirely feasible that the price of oil will go up to $100 because of market "heebie-jeebies" alone.

If you drive a car regularly, you're basically screwed if it's a strong hurricane season (which starts in 2 weeks), and Gulf of Mexico is hit (a certainty), damaging oil drilling and refining facilities (high probability).

In other words, start getting into the habit of riding your bike or public transit.

Since gas here in Toronto hovers around a $1/litre when oil is at $70, we (as cyclists) can look forward to lots of news stories about people griping that "the government should do more..." about $1.50/litre gas. These are most likely the same people who vote for politicians who campaign for less government and less taxes, because who needs the government? Apparently idiots do.

Those of us who have brains know that the Canadian government can not control gas prices (although Hawaii did try, and Hawaiians ended up paying more...) or world commodity markets, and so are rightfully smug that we commute intelligently.

Speaking of barrels...

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