The last time oil prices went up it was due to terrorist attack in Saudi, so this was no surprise.

It's not even so much OPEC as it is investors on the stock market. The get nervous and the oil futures price goes up.

This latest attack wasn't actually on a refinery or anything like it. It was on compounds and dormitories where Oil people (mostly non Saudi's) work and stay.

Almost every OPEC country right now is already pumping out oil above quotas. Saudi plans on increasing theirs also. Venezuela is the biggest voice against this.

Even if the Saudi's up the amount of oil pumped eveyday, don't expect prices to go down much. US investors will have to relax first. Also even with the prices the way they are consumption is still hitting new records.

To put it in perspective, the average summer road vacation is 800 miles. The increase in what you would pay for this trip this year over last year is $20.00, even with gas price what it is.

If people really want to get prices back down, then we're going to have to find alternative fuels and transportation methods. That would lower demand. More refineries to make the gas from the crude oil would help too. Lowering demand would be better!

Anyone up for a bike ride? lol

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