Over-Optimistic Oil?
Apparently the news of the death of Zarqawi has finally taken the oil price back to below $70/barrel. Is this not just a tad over-optimistic? I have a sad suspicion that the comment of the analyst Edward Meir quoted in the BBC report: "the situation in Iraq has now become so chaotic, that it transcends the death of one man, influential as al-Zarqawi was," is perhaps a little closer to reality...