Friday, May 05, 2006

Oil Futures Drop: Iran Barks At The Moon

Hmmmm..... Maxed Out Mama identifies an element of oil prices we should all recognize: who exactly benefits from Iranian leadership crazy talk? Why Iran does, of course. High oil prices line their fat Mullah pocket books.

But, as Mama says, supplies are high, demand is dropping and if prices continue, Americans might just start riding their bicycles to work. This, too, would be bad for oil producing countries.

A solution, one that Iran seems to be using, is to artificially pump up prices by threatening everyone with "evil smoke" or the latest insult that sounds very funny to Western ears. Not to say that these crazy men won't follow through when they can. In the meantime, higher oil prices suits their needs for cash running up to a possible war. So, why not?

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