Peak Oil or Peak of Bush Oil Co. a$$ Kissing?

[Flabbergasted]

Oil Trades Above $71 in New York on Iranian Supply Concern
April 19 (Bloomberg) -- Oil traded above $71 in New York on concern that the standoff over Iran's nuclear program may lead to a cut of exports from the world's fourth-largest producer.

Prices have jumped 18 percent in the past month to climb past the record set in August, when Hurricane Katrina shut refineries, pipelines and offshore production in the U.S. Insurgent attacks this year in Nigeria and continued fighting in Iraq have left suppliers straining to meet rising demand


http://www.bloomberg.com/apps/news?pid=10000081&sid=aPiDiTNg4eGA&refer=australia