Today's increase in oil prices by speculators is more than an exercise in
price gauging and trader profiteering. It's a strategic run up to a war of aggression against Iran.
Notwithstanding the possibility that REAL shortages could affect prices, we all know that supply and demand has little if anything to do with
energy prices. Andrew Lebow of Man Financial in New York admits that "the market is 'completely decoupled' from supply and demand."
Crude oil prices are approaching $69 a barrel and
this morning Iran merely
proposed that OPEC cut production.
This market rally serves the dual purpose of pillaging consumers and taking the sting out of any future production cuts Iran might implement if faced with imminent sanctions.
As an added bonus, it primes consumers for a war of aggression against Iran by hitting them where it hurts the most, in their wallets. By the time oil approaches $90 a barrel, Americans will be so hostile towards Iran any pretext will be enough to send the troops in guns-a-blazing.
If I'm right, we're looking at sustained price increases for the foreseeable future and an imminent war against Iran.