The push above $145 a barrel was seen as a last technical barrier to prices hitting $150, in what analyst Olivier Jakob of Petromatrix in Switzerland called "the Morgan Stanley self fulfilling prophecy.
Intuitive Blogger I wonder what number it will actually take ($150?) for mainstream press to start discussing peak oil and emergency actions to take besides watching prices go up?
Fox (News/Entertainment) is focusing on the idea of a new conflict in the middle east as one of the key issues for high prices. I guess this avoids talking about peak for now, although they do talk about supply and demand in the blog section....
Ongoing rhetoric about possible attacks on Iran, the world's fourth-largest oil producer and OPEC's second-largest exporter, also left the market jittery.
Iran's foreign minister did not rule the possibility that Iran could try to restrict oil traffic in the strait if the country was attacked.
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