Wednesday, May 21, 2008

OIL'S PRICE MAY PREDICT ATTACK AGAINST IRAN

With the price of crude oil hitting over $131 per barrel, the question arises as to whether the markets are telling us anything about whether traders believe George Bush and Dick Cheney will attack Iran.

Apart from supply and demand or the role of speculators in pushing up oil's price, I have an uncomfortable nagging feeling that the real reason for oil's meteoric rise is that Bush & Co. is getting closer to shoot missiles and drop bombs against the Iranian Revolutionary Guard and against the Iranian people.

This would be the greatest folly of U.S. foreign policy since the invasion of Iraq in 2003.

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