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Oil Memo to President Obama: Go Easy On Iran
Matthew Hulbert, Forbes
Let's face it; things were getting pretty tight last week when WTI prices inched over $100/b. The Saudis weren't playing ball, anti-US sentiment was ripping through the Middle East, the Fed had gone back to the printing press, and even Germany made positive moves to underwrite the Euro. Most analysts thought the Strategic Reserve was on the cusp of release. So the fact that WTI has since dropped towards $90/b will come as blessed relief to the Obama Administration: Crisis averted. But the trick for Obama is not to get too big for his boots and go after Iran again...http://www.forbes.com/sites/matthewhulbert/2012/09/21/oil-memo-to-president-obama-go-easy-on-iran/?ss=business%3Aenergy
Let's face it; things were getting pretty tight last week when WTI prices inched over $100/b. The Saudis weren't playing ball, anti-US sentiment was ripping through the Middle East, the Fed had gone back to the printing press, and even Germany made positive moves to underwrite the Euro. Most analysts thought the Strategic Reserve was on the cusp of release. So the fact that WTI has since dropped towards $90/b will come as blessed relief to the Obama Administration: Crisis averted. But the trick for Obama is not to get too big for his boots and go after Iran again...http://www.forbes.com/sites/matthewhulbert/2012/09/21/oil-memo-to-president-obama-go-easy-on-iran/?ss=business%3Aenergy
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