Middle East Instability Props Oil Price Close to All Time High (Picture-1575655)

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FILE PHOTO: GRANGEMOUTH, SCOTLAND - NOVEMBER 1: BP's Huge oil refinery complex continues it's 24 hour production of petroleum and gas, November 1, 2004 at Grangemouth in central Scotland. The landmark kYOTO TREATY requiring cuts in gas emissions causing global warming took effect 16 February with support of 141 nations, with the United States and Australia holding out saying the harm to their economies would be too great. (Photo by Christopher Furlong/Getty Images)

SPREMBERG, GERMANY - SEPTEMBER 09: Steam rises from cooling towers at the liginte coal-fired power plant at Schwarze Pumpe on September 9, 2008 in Spremberg, Germany. The power plant, operated by Swedish energy conglomerate Vattenfall, was built in the 1990s and has an output of 1600 Megawatts. The plant grounds also include a pilot project launched earlier today, whereby the CO2 produced from a much smaller, 30 Megawatt generator is liquified and then transported to an underground storage site where the CO2 is pumped deep into the ground. Vattenfall is hailing the project as a milestone in environmentally-friendly energy production, though critics charge the technology is not feasible on a large scale. (Photo by Sean Gallup/Getty Images)

WEISSWASSER, GERMANY - AUGUST 04: Steam rises from cooling towers at the Boxberg coal-fired power plant behind the Nochten open-pit lignite coal mine on August 4, 2008 near Weisswasser, Germany. Giant excavators remove the upper layers of sandy soil so that other excavators can scoop up the coal beneath, which then runs on conveyor belts directly to the power plant. Germany, despite its commitments to alternative energy sources, is continuing to invest heavily in the construction of new coal-fired plants. Swedish energy conglomerate Vatenfall operates the Nochten mine. (Photo by Sean Gallup/Getty Images)

WEISSWASSER, GERMANY - AUGUST 04: Steam rises from cooling towers at the Boxberg coal-fired power plant behind the massive Nochten open-pit lignite coal mine on August 4, 2008 near Weisswasser, Germany. Giant excavators remove the upper layers of sandy soil so that other excavators can scoop up the coal beneath, which then runs on conveyor belts directly to the power plant. Germany, despite its commitments to alternative energy sources, is continuing to invest heavily in the construction of new coal-fired plants. Swedish energy conglomerate Vatenfall operates the Nochten mine. (Photo by Sean Gallup/Getty Images)

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FILE PHOTO: GRANGEMOUTH, SCOTLAND - NOVEMBER 1: BP's Huge oil refinery complex continues it's 24 hour production of petroleum and gas, November 1, 2004 at Grangemouth in central Scotland. The landmark kYOTO TREATY requiring cuts in gas emissions causing global warming took effect 16 February with support of 141 nations, with the United States and Australia holding out saying the harm to their economies would be too great. (Photo by Christopher Furlong/Getty Images)

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