How will crude oil prices rally when worldwide unemployment is soon to be in double digits everywhere? Iran and Venezuela are minor players in the scheme of things. Both countries have sour crude. Hence Iran's lust for influence in Iraq. My bet is that the Iranian regime collapses in the next year. Obama will take credit for that one. Ditto for Chavez.
Oil: A Slippery Slope Ahead? [View article]
Iran and Venezuela are minor players in the scheme of
things. Both countries have sour crude. Hence Iran's lust for influence in Iraq. My bet is that the Iranian regime collapses in the next year. Obama will take credit for that one. Ditto for Chavez.