Yahoo has a pretty good article on it. Sounds like the cost of everything will be going up even more.
Traders "believe the market is going to $60 and the only thing that's going to stand in the way from time to time is the fundamentals," said Ed
Silliere, vice president of risk management at Energy Merchant Corp.
news.yahoo.com.../ap/20050302/ap_on_bi_ge/oil_prices_45
[edit on 3/3/05 by NoPhobos]