Oil, Israel, Iran, America and the High Cost of a Single War-Like Remark

One remark by a minor Israeli cabinet officer hinting at a possible US or Israeli attack on Iran has sent oil prices up by a record $11/barrel to a record $139 per barrel Friday. That should tell us what would happen if the Bush administration were crazy enough to attack Iran, or to let its vassal state of Israel do it.
Most analysts say an actual attack on Iran would send oil almost immediately to past $300 per barrel….

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