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This morning I saw "OPEC confident prices will stay above $50" on the front page of the FT and though "wow, two years ago everyone was confident that they would stay below $30 and OPEC has spend all of the last year apologizing for not increasing production to bring prices down, but no more". I was wondering how long you'd take to do a diary on it. If the story hadn't been behind s firewall in the afternoon I'd've posted it on the Breakfast thread.

Great diary, and you still have 3 weeks to get to $100 ;-)

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Migeru (migeru at eurotrib dot com) on Mon Dec 12th, 2005 at 06:25:59 PM EST

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