When the markets get on a run any old thing will prime the markets.
I also do not understand those who argue the struggles of the middle and lower classes not getting more upset at what this run up in oil is going to do to them.
Peoples beliefs by and large seem to be no more fundemental than the things driving the markets.
The only way Obama can DIRECTLY affect world spot prices is to manipulate US Government commodities Stock pile along with colluding with other world leaders...and a few billionaires willing to risk significant sums to drive up spot prices.
Spot prices are driven by a lot of reasons...and a lot of people on a global scale. While it may be ...and I say may be possible to manipulate world spot prices for oil...it would have to be done so with brain surgeon precision.
If we bomb Iran say a year from now...Western Nations will already be dealing with the shortage of Iranian oil. Soooooo?
I would ask just how stupid do you think voters are but based on past GOP campaigns we already know the answer.
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers