the 3rd Oil Shock

Nowadays, the price of oil is rapidly rising in all over the world. In New York, the highest price of these days is 66.50 dollars and it is very high compared with 56 dollars which is the market price of oil. What is the cause of this rising? There are many causes, however one of the most important cause is Iraq war in 2003. Since oil fields in Iraq was attacked, even though Iraq has much crude oil which can deiver to all over the world, it cannot supply stably. Then, major oil company buy much of this oil and accordingly the price of oil is rising. Some people say this oil price rising as "the 3rd oil shock". If this trend will continue, many goods such as toilet papers and note books will dissappear just like past oil shock. This story have direct influence on our life.