Get yourself a Vespa

Ron previously reported that oil had risen to 65 dollars per barrel. Well, it took no time at all to break the old record and hit 66 today.

U.S. crude and gasoline futures rose to all-time highs Thursday as dealers continued to worry about gasoline supply amid refinery snags, sliding inventories and worries over Iran's nuclear ambitions.

NYMEX September crude hit a record $66 a barrel before easing to $65.55, up 65 cents. The previous intraday record of $65 was set Wednesday.

That's $34.00 to go, for those of you keeping track. "To go to what?" you ask. To war. And I don't mean Bush's debacle in Iraq. Followers of the Peak Oil situation who have kept one eye on history and the other on the future have been predicting for some time that when oil hit a high enough price, possibly as low as $100.00 per barrel, or maybe $150, you would see the drums being sounded and the dogs of war being let slip. Industrialized nations that need the black gold to feed their addictions, but can't produce enough (or any) by themselves, would remember that those oil rich countries in the Middle East and South America really don't have much in the way of guns.

All part of the Olduvai theory, folks. The truly sad thing is that there were people back as early as the 1950's who figured this out, saw it coming, and tried to warn us.

And nobody listened. Well, I can assure you... the time is coming when they're going to be listening very closely.