Oil, Oil, Oil

Here’s a summary article from Sunday’s New York Times on the uncertainty in the oil industry and its effects. See also this Kevin Hassett article on Tech Central Station from Friday on the economic consequences of high oil prices.

And for some insight into the conflicting incentives of Persian Gulf OPEC members regarding Iraq (i.e., hate Saddam, but Iraq producing at well below capacity is good for OPEC), see this Bloomberg Energy News article.