A rumor that Iran attacked a U.S. Navy warship had oil prices rising. Eventually the market settled down, but not before the price of a barrel of oil passed $64. Market analysts see the possibility of $80 to $90 a barrel if the Iran nuclear program keeps going. To a certain extent this is good news for energy producing states, but not so good for energy consuming states. In the short run, this will boost the Oklahoma economy to new heights. In the long run this is not so good. $65 a barrel is a good level, but a more permanent floor at the higher prices increases the risk of inflation which affect interest rates. For those who have already bought property in Oklahoma, this should mean higher rents. In the two years we have been closing investor properties, rents have become stable, but not increasing. Partially this is due to the fact that Oklahoma City was extremely attractive to investors not associated with ICG. That trend has slowed down as those investors realize that this is not a flipping market, and the rents that we project are realistic, not "pie in the sky". Expect  2008 to be a year of rental appreciation, as well as real home appreciation. Please watch oil prices very carefully. In the last 50 years interest rates track oil prices very closely.