"John H" wrote in message
...

Of course, there are numerous other factors driving the price of crude,
among
them supply hiccups caused by chaos in Iraq, political and economic
turmoil in
oil-producing nations such as Nigeria and Russia, hurricanes in the Gulf
of
Mexico, and fears of terrorism.

Do you understand what they mean by "hiccups", how they're produced in terms
of commodity prices, and why the last 10 "hiccups" were never retracted?



Note, China's oil imports rose by 40% in the first *half* of 2004 alone!

Now, perhaps you'll be so kind as to show me the data supporting the 'Bush
deficit did it' theory.

Somebody else brought up the deficit theory.