For the past several years, the Pilbara Region of Western Australia has witnessed a boom like few mining districts have ever seen.

Oil prices have risen dramatically over the past year. When they passed $100 a barrel, they hit new heights, expressed in dollars adjusted for inflation. As they passed $120 a barrel, they clearly began to have global impact.

Coal Delays at Dalrymple Lead to a Longer Boom There’s nothing better than baring your icy feet to the warm jet of a fan-powered heater. So we were delighted when our boss walked in this morning with a spare fan-powered heater.

Now, here’s something a little different. The high oil price is driving up the price of shares mineral sands companies.

Earlier this month, I questioned whether the recent spike in oil prices was a potential bubble. The price of crude has more than doubled in a year and there are some reasonable doubts whether oil can maintain these levels.

In the energy market Thursday, crude for July delivery pulled back after breaching the $135 level in overnight electronic trading, closing at $130.80/barrel, down $2.36. July reformulated gasoline dipped 7.03 cents, to $3.3297/gallon.

Once in a great while, a sector trend becomes so strong, the rising tide lifts every boat in the industry.

 Want to earn $195 per day, tax free, on top of your salary? Go to work in Fort McMurray, Alberta.

It is always impolite to ask a lady her age. But the oil bull market is certainly no lady, besides which, we know she is about ten years old.

Oil soared to yet another record high on Friday after Goldman Sachs Group Inc. (GS) raised its price forecast for the second half of the year.