reading some of the previous posts I conclude that PEAK Oil is being accepted ie the LACK of SUPPLY and the INCREASE of DEMAND,I would also say that while the public might revolt?? there is realy no choice OIL is a DEPLETING Commodity sa such the USE of oil will be CURTAILED but DEMAND will continue to grow,no more should missuse of vehicles be tolerated,I think the higher prices of Oil will bring on more responsible usage,much of the World has that responsibility with most countries having already high gasoline prices,North Americans are the worst abusers,but it is a choice they will be forced to accept with higher prices,here in Canada we should concentrate on public transportation ie "bring back the railways".
Just another observation it is my opinion that while demand rises new refineries will be few and far between,remember its SUPPLY that is DEPLETING,whats the use of a refinerie if there's nothing to refine.Connacher will be $20.00 with the next POD,as for profit taking WHY sit on the sidelines and have to play catchup,ok sell some if needed but profit taking when so much is accretive for CLL stay long and prosper!!!!!!!!