oil spiked in the 70's 80's and its doing it again. the president of venezuala or some south american country hates bush and said something along the lines of "we opec need to stick together and keep the price of a barrel no less than $50"
that shows you that the oil industry is a bunch of bull**** and hearsay is all it takes to raise the price. in a few years once the world cools off and we have some better leaders that no how to make friends with underdeveloped country's the price will come down,
then southwest will hedge some more to prepare for the next oil crisis in 2016