January 13, 2012

The Real Oil Shock

Makovsky & Goldstein, Weekly Standard

AP Photo

In 1993, James Carville, President Bill Clinton’s political strategist, said that “if there was reincarnation,” he’d like to return as the bond market, because then he could “intimidate everybody.” Today, with interest rates historically low, the fantasy of choice would no doubt be to come back as the oil market, which intimidates even the U.S. government.

Read Full Article ››

TAGGED: oil, Iran

RECOMMENDED ARTICLES

January 3, 2012
Iran's Self-Defeating Saber-Rattling
Amir Taheri, New York Post
Tehran, hoping to use oil as a weapon, has declared that any attempt at banning its petroleum exports would lead to a closure of the strait. more ››
January 3, 2012
Iran Is in Convulsions
Michael Ledeen, PJ Media
Big news today from Iran, confirming once again that the hapless regime in Tehran proceeds down its death spiral. The first is the spectacular collapse of the national currency, which has lost 35% of its value since September.... more ››
January 3, 2012
Iran Feels the Squeeze of Sanctions
Victor Kotsev, Asia Times
Several clocks are simultaneously ticking in the Middle East. We can still dare to hope for a last-minute miracle - and we can be certain that there are plenty of well-intentioned people working tirelessly behind the scenes to... more ››
January 3, 2012
Iran Can't Back Up Its Many Threats
Ahmed Al Attar, The National
A military conflict in the Strait of Hormuz would likely be very costly for Iran. more ››
January 2, 2012
Iran's Dangerous Game
Irish Times
THE SIGNALS coming out of Tehran are as mixed as ever – on the one hand sabre-rattling threats to seal off the Strait of Hormuz, through which a third of the world’s seaborne oil passes, and then, on Saturday, an... more ››