There will be just too much risk of geopolitical shocks in 2006 for oil prices to fall sharply and insufficient inventory to really take the props out from underneath oil prices.

I think part of what has driven the market today are fluctuations in oil and interest rates and the bond market.

Inflation, on the surface, does not appear to be a concern, but it's obvious that prices for some items are rising. It's inevitable that when people are armed with fatter paychecks and when companies are spending more to produce goods and services, prices are going to rise.

Inflation, on the surface, does not appear to be a concern, but it's obvious that prices for some items are rising, ... It's inevitable that when people are armed with fatter paychecks and when companies are spending more to produce goods and services, prices are going to rise.

In the end, there's just not enough oil and gas within our territory. And if we want to break our dependence on foreign oil ... we've got to develop new sources, fuel cells, cleaner more fuel efficient cars and we've got to get back to conserving and using energy more efficiently and wisely.

Rising oil prices are the biggest risk to what is otherwise shaping up as a robust recovery.