I think we all realize that oil prices would head up in time.
I mean with demand outstripping supply and new demand coming in from China & India it is inevitable that energy costs would rise.
But the surprise is not that energy costs have risen, it is startling that they have risen so quickly and by so much.
Its is the pace of price rise that has got us baffled rather than the fact that energy costs have risen. It was inevitable that prices rise just as prices rise for just about everything else, and energy is another commodity that would be affected by the obvious.
Akin to the stock markets, when certain stock prices rise or dip faster than usual, there is always some rigging or horse trading involved.
And this is because the price rise can baffle most of us, but there are still a few smart ones around who know why prices rise (fall) and it would be good to consider what they are doing in times such as these.
The question is finding these smart alecs who are privy to this information.
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