Vox takes it a step further.
We mentioned that Iran may experience the tender love of cruise missiles in the near future.
Raimondo observes:
The markets sense it, too, which is why the price of oil keeps climbing to record levels.
Frankly, while I think that Raimondo has three toes over the 'loony line' (read his linked post and form your own opinion), there's a lot to be said for the theory that oil is "war priced."
Belling has been confused (as am I) about the 'straight-line' increases in spot bbl pricing. That simply doesn't happen (albeit there are exceptions.)
So get your Persian rugs early, folks.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment