How to Spend Your Tax Break...and Then Some

Reuters reports on the price of oil futures--almost $45 dollars a barrel. Right now the spin is "blame it on Yukos," the Russian oil conglomerate, but if anyone doesn't think Middle East instability doesn't factor in, well--I've got bridges AND reclaimed swampland you might be interested in...

Yesterday NPR reported on this, and noted that China is now becoming a major non-US market for crude oil producers. Hmmm. Interestingly, China now holds more than just a bit of leverage on us, being a major new source of loans for the country. I wonder if they will use this to their advantage...