opec

The greatest show on earth.

King Abdullah sat on a well.

King Abdulla had a great swell.

All the King's camels and all the Kings' men,

Couldn't put OPEC together again.

Truckers in Spain have joined the fishing industry and gone on strike to protest rapidly rising fuel prices. As disruption over fuel and food costs and supplies mounts Saudi Arabia is calling for a meeting of oil producers and consumers to figure out a solution to what it says are unjustified price rises.

How much does business-as-usual cost? This morning, GreenCarCongress.com reported that the US is projected to pay $440 billion for imported petroleum in 2008: "The increase to the estimated $440 billion for 2008 is based on an average $90 per barrel crude oil price for the year. In 2002, before the current bull market for oil began, US oil imports cost less than $103 billion. The preliminary figures for last year came to some $327 billion."

The ever increasing demand for energy has pushed the cost of oil to the highest they have ever been.