The effect of the release on gasoline prices is limited. Refineries are producing at full capacity and more crude will not lead to more gasoline.

Everything depends on political developments.

World oil markets are fundamentally tight.

Damage similar to that caused by Ivan will push oil prices above $75. It took more than six months to restore production after Hurricane Ivan. Crude oil prices increased by more than $10 within a month.

The yin to the yang of caring is that sadness is felt just that much more because that caring is so deep. But (and I'm sure you'll agree) I wouldn't be any other way. To not feel so intensely and vividly would mean being one of the living dead and there are far too many of those shuffling around already.

So when we mount our steeds, hoist our lances, and charge at the wrongs of the world, let's do so with wild battle cries, riding full tilt! Every now and then we'll have the joy of seeing one of those wrongs go flying off its horse.

OPEC became powerless the moment it sold its last barrel of excess capacity, and that was maybe a year ago.