$7.00 per gallon of gas .... Unrealistic? Not at all.

As stated in "Oil price leaps to year's high," "The price of oil burst through the $71 a barrel mark today amid revelations that proven reserves had fallen for the first time in 10 years and predictions that the price could eventually hit $250."

Yes, $250.00 per barrel. One month ago oil was trading at $30 per barrel. What will be Obama's excuse? He inherited this from Bush. Wrong!

Obama is appeasing the Muslim Oil Producing Nations. Yes, you can say Bush and Halliburton and Cheney and Republicans but what you won't say is Muslim and Obama and Middle East and rising gas prices.

"I wouldn't be surprised if we're testing $80 in a week or two," said one analyst, while BP's chief executive, Tony Hayward, questioned whether $90 could be the "right" value.

Opec would not raise supply at current oil prices but did not rule it out "if it reached $100", said Kuwait's oil minister, Sheikh Ahmad al-Abdullah al-Sabah.

Alexei Miller, chairman of the Russian energy group Gazprom, raised the stakes further when he reiterated last year's estimates of $250 a barrel. "This forecast has not become reality yet, given that the [credit] crisis gained momentum and exerted a powerful impact on the global energy market. But does this mean that our forecast was unrealistic? Not at all."

So what's keeping oil relatively cheap? The belief that we have enough oil reserves, a bad economy and a strong dollar.

What happens when we realize there is not enough oil reserve and the economy does strengthen and the US Dollar weakens to the Chinese Yuen or the IMF Bonds?