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Oil’s Insurance Against Iran

    • Did anyone consider that when a country devalues it's currency by 50%, that assets increase in price by a factor of 2x. The EPA is the other factor, constricting exploration and production. Both are functions of Washington DC.

    • You are talking supply and demand fundamentals, Mr. Denning. By now, you should know that these are largely irrelevant for determinng the price of oil. It is the out-of-control speculation by investment concerns that determine oil prices these days, and they don't pay that much attention to oil supply and demand. With traditional pricing mechanisms broken, ANYTHING can happen to oil prices. This scares me, but most of the media and political class don't seem to understand the danger.

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