I think my comment was misunderstood. We need to find safe, renewable alternatives to oil or we will be held captive to foreign country's until we do. I wouldn't call China and India "speculators" They are gobbling up commodities at a rate we can't imagine. Steel, copper, oil and even grain. They have driven steel prices through the roof. Here is a quote from T. Boone Pickens. He predicted $70 oil for 07 in 06, and $100 oil in 07 for 08.
Pickens is a firm believer in the "Peak Oil" theory that world oil production is about to enter a period of nonstop decline in the face of rising demand.
He doesn't believe "speculators" are to blame.
SIO3