Oil rpices would continue to shoot up till Jan 2009 after which hopefully the new democrats govt in U.S comes in. It should order immediate pullout from Iraq and make peace with Iran. This would help cool the sentiments of the oil producing countries. OPEC needs to play a larger role in liasoning with oil producing nations. At the same time global level "herculean" initiatives need to be taken to make people aware of saving fuel.
