I wrote the following on May 27th when oil closed at just below $130 per bbl.
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"I have a theory, that's not pleasant to contemplate. I think maybe the folks that have control of the crude oil supply, (middle east folks) know it makes no sense to challenge us militarily, but by slowly driving up the cost of energy, they can eventually wreck our economy.
'Why would they do this?', you may ask. THINK IRAQ, among other things."
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Today oil futures are trading at $140 and change.
While we are wrecking Iraq, we are also wrecking ourselves.
"When will they ever learn?"
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