You know why US does not replenish its strategic oil reserves with cheap oil? Maybe it waits for still cheaper oil and is quite positive that it is coming.
The idea that US likes cheap oil but not that cheap is losing sense. As well any simplistic explanation of this oil crisis smells with absurd. It looks that indeed we are witnessing nothing else but the "final solution" of the long, long overdue Middle East problem. Besides Russia, it was the very center of British and American policy for almost century, but now American and British domination over it is melting away; nationalism grows and is destined to win; CIA is of no use anymore; the days of the last loyal puppets, Saudi's kings, are counted. Fiasco in Iran, Libya, Iraq. This is a serious stuff, not some Monica-Clinton nonsense, or whatever, you name. So, it is now or never. The Middle East will be devastated and put on its knees. Big US and British companies will overtake its oil industry... It is this what is behind George Bush involvement that so surprised so many, or what is on the mind of that one who, we think, is going to Saudi Arabia to beg them to stop their nonsense.. |