Look, I'm no macro-sage or anything, in fact, I think those people are basically mythological in nature anyway, but I gotta say this, I do not understand at all why people are saying Arafat's death is such a good thing. As I recall from the few history classes I took in college and was also awake for, I remember something about "power vacums" causing general instability. So, oil trades down on this news and guess what? I think that's crap. Arafat has nothing to do with global production. Production capacity is the problem, not politcs. It's gonna be a cold winter. Brrr.