Likelihood of Iran Attack Gains Credence

As someone who has been writing about this crazed administration's plans to launch an attack on Iran now for over a year, I have always noted that the real sign that it might happen would be when oil industry analysts started to worry about it.

That's because the oil industry is probably more plugged into the inner sanctum of the Bush administration than any other entity. If the analysts, who have their fingers on the pulse of the oil industry, start worrying that an attack could happen--with the resulting shutdown of oil shipments through the Persian Gulf, from which the world gets roughly a third of its oil--then we need to take the threat very seriously.

While we haven't seen the kind of spike in oil futures prices that we would expect should that mad war begin--which would see oil soaring well above $200 a barrel--we are seeing oil rise to a record high of around $100 a barrel. Counterpunch