Oil went over $139 today. Is this due to peak oil?

Or is it due to speculation? Some analyst on CNN predicts that oil will hit $150 by July 4th. And the NYSE is down the second most of the year. And some people are still debating whether we are in a recession.Oil went over $139 today. Is this due to peak oil?
Speculation. And we arent in a recession yet, but it sure looks more and more likely, with high oil prices, inflation, and unemployment.Oil went over $139 today. Is this due to peak oil?
This is due to our so-called politicians in Washington. This is a country ';Of the people, by the people, and for the people';.


But the politicians think it's of the politician, for the politician, and by the politician.





These idiots in Washington couldn't care less about the people, as long as they are getting their own pockets lined.





I say vote all of those idiots out, and get some people in there who care.





How many times have they declined the opportunities to drill for oil on our soil? They could have fixed this oil problem 30 years ago, if they cared abot us.





My guess is that they are the speculators who they say are driving up costs, and don't want to mess up a good thing for themselves.





We have more oil under our soil that all of the Middle East and South America.
Maybe it would have been prudent for Osama Bin Laden to have control in the Middle East instead of protecting those money grubbing Saudi princes. In my opinion its worse than treason to send our boys to their deaths for their own personal or individual benefit.


Sources: just fed up.
I just hope the markets don't make any new lows, they should be bottomed out by now, it is scary.