Saturday February 27, 2010

I've Been Thinking:

Crude oil closed at $79.66 in the New York Mercantile Exchange on Friday.
Earlier in the day, it topped the $80 mark.

For the past week oil has been swinging and swinging high. On Friday it hit a benchmark.

There are many reasons why oil prices go up.
Suffice it to say, increased oil prices do not help either the consumer or the West. The people best helped by increased oil prices are enemies of the US. First and second on the list are Iran and Venezuela.

The US wants to apply sanctions on Iran and this surge in oil prices is exactly what they need to give them the extra cash to ride out any of the potential rough spots that might emerge over the next few months.

Read my new book THUGS. It's easy. Just click.
http://www.amazon.com/s/ref=nb_ss_gw?url=search-alias%3Daps&field-keywords=halpern%2C+micah