[billybudd]

Interesting. One way to look at rising crude prices is a forecast of further conflict in the Middle East. Maybe we're in for another war.

[expat_panama]

rising crude prices is a forecast of further conflict in the Middle East.  

That, or maybe it's the Middle East conflict that forecasts rising oil prices.  

The conventional wisdom is that the big 'crisis' in '74 was the result of Israel's beating back the Arab attack in '72.   We also had another spike with the Gulf war.

My guess is that prices fluctuate because well, they fluctuate. Afterwards, pundits announce that they knew all along that last week's change was because of what ever happened the week before.

[M. Espinola]

Maybe we're in for another war.

That war has a name and has been long over due since Carter allowed Islamic madmen to take control of Iran, OPEC's number two exporter of crude oil.

Oil prices could double from current levels if the pro-jihad regimé is not removed quickly once the countdown begins. It may be a long hot summer in a number of respects, over the geostrategic issue of nuclear Iran.