Oil prices stay above $46, new problem for supplies

Now that hurricane Ivan has passed, that issue is gone but in it's place we now have Yukos ceasing it's export of oil to China, a country that's consuming a lot of oil and one of the main reasons why oil has been and will continue to remain high. Don't worry though because that SUV really doesn't consume that much in the global picture unless everyone else is driving one and other fuel inefficient cars. Fuel efficiency is for terrorist lovin' assholes anyway. Nothing to see here...keep moving...nothing to see here.