Possibly other nations will join.
Oil speculators are likely to be hurt.
Good.
See Reuters report
Later: On Keith Olbermann we learned that officials had denied this report was accurate, but Keith and his guest surmised the Obama and Cameron administrations had released the idea to a Reuters source to quell some of the speculation going on in over fuel prices in the markets. Even oil speculators, who may manipulate markets in the most cynical ways ever imagined don't want to lose their own shirts.