[cmccuist]

One other thing to consider - refining capacity in the US is maxed out. There are no new refineries being built and existing refineries are being run at near 100%. In addition, any money being spent at these US refineries is being spent on upgrading existing units to conform to environmental regulations rather than increasing capcity.

What I meant by $55/bbl not getting anyone's attention is we're still climbing into our Hummers and Escalades and F250's and Hemi P/U's. There are the greens driving their hybrids, but not in significant numbers. I'm fine with all that - to each his own, but we're not going to see any development in new energy sources until oil is REALLY hard to get out of the ground.

GO Astros!