WHY OIL PRICES WILL NOT COLLAPSE

It’s easy for Obama and his neo-con friends in Congress to put sanctions on Iranian oil exports because the U.S. gets no oil from Iran. Who cares about the people of Greece, Italy, China, Japan and South Korea. They don’t matter because we are the Imperial American Empire. The moron GOP candidates spout off about energy independence when it is an impossibility. But the American populace will believe anything if it is pounded into their brains enough. OPEC likes $100 oil. They need $100 oil. Saudi Arabia did not make up for the missing Libya oil and they won’t make up for any missing Iranian oil. Our economy is headed into recession but oil prices will not be dropping significantly or at all. Sounds like a recipe for a great 2012.

$70 Crude Oil is a Thing of the Past



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