Here’s my view of how the price of oil will play out thru the remainder of the year:

$160 by Halloween. Predicated on the belief that OPEC wants nothing of a McCain administration, will do nothing to assist in the relief of oil prices, thus enhancing the chances a Dem wins the general election. Not withstanding, the sabre rattling will have little or no impact until the results of said election. Should Obama be the President Elect…:

$200 oil by December 22nd. This give Bush one month before the new Prez is sworn in and ample time to surgically remove the nuclear (or, nucular?) facilities in Iran. Bush and Israel will see this a must-do since Obama has led with his chin as far as his “diplomacy might work” with the current Iranian regime. I can’t see the Bush folks sit by, lame duck style, and allow Iran the free pass for the next 4 years. If ever the time for preemptive force…

You’re better to Go LONG and hedge your pain at the pump.