Ok why's it happening....
the election. remember whata big deal it was for the nov 2006 election?
jag called it months before. sure enough, the day after the election, the Saudis tightened supplies, and after dropping a full dollar, they exploded back to high prices.
Also paulson manipulated things. there's a good article about his actions to help economy right before election so all the CNN stories were about how great thigns were, right before the election.
I bet people will be stupid enough to fall for it again.