Ivan has more clout than OPEC

OPEC Lifts Quotas, Oil Prices Still Rise.

OPEC on Wednesday lifted oil supply quotas by one million barrels a day, four percent, in a renewed bid to force down stubbornly high crude prices.
.....snip.......
With prices failing to react, and certainly showing no sign yet of a serious reversal, the agreement may only heighten worries about OPEC's inability to cope with the fastest growing oil demand in a generation

Meanwhile hurricane Ivan has virtually shut down gulf coast oil production and refining. Sabotage of pipelines in Iraq seems unstoppable.

Is it time to admit that the Hubbert Curve is for real?