Oil Prices Soar, Because Of Saudi Kings Death?

Yup prices soared over $61.00 today, because of the kings death. So ok, why? Why does it seem that the Oil Industry will use any excuse to raise the price of Oil? So if the Kings brother dies can we expect it to go up another buck? How about if the new king has Gas, will it go up again?

I think this should show people that we need to start Drilling our own Resources again, and more important need to cut our Oil Consumption down. And hopefully eventually move on too some other kind of Fuel source. Oil is getting to expensive, and too hard to get. Time to move on to something better.

It took us only a few years time to get a Space Program going, and to the moon. (we were motivated by the Russians) But we have been stuck using a 100 year old technology in our vehicles all this time. Please..