Last Updated Jan 3, 2008 11:00 PM EST
The OPEC producers don't expect a drop in price, either. They say it's an ugly stepson of the speculators and there is little they can do about it. "What's driving oil is out of our hands," Shokri Ghanem, head of Libya's National Oil Company said. Crude is also priced in U.S. currency, so OPEC has been hesitant to increase supply for fear of the weak U.S. dollar undercutting profits.
With eggs nearly twice as much as I got them a year ago and coffee at a $.10/cup premium over last year, breakfast is about to a become bleak fare indeed...
Ornate Eggs image by fdecomite [cc, 2.0]