Economic Report:

If you are hoping for oil prices to start retreating from the current high levels, you might as well give it up for the year. OPEC said yesterday that current geopolitical tensions and oil market speculation will keep us paying high prices at the pumps and hold the price of a barrel well above $100 for the majority of 2008. Specifically noted by OPEC as driving up oil prices is the quote-unquote, "mismanagement" of the U.S. Economy and the current stand-off between ExxonMobil and Venezuela.