Oilier than ever

Had it not been for the Euro fall, oil prices were all set for a big splash on account of BP screw up. Louisiana leak has prompted an inelastic supply situation once again and going by simple demand-supply rationale, soon we should see a huge northbound movement in oil prices. There are many ifs and buts, but the underlined fact in bold is that, a bigger than ever chunk of human population is being sucked in by the 'involuntary oil addiction' in the 'last days of Iron age.'