This is the Way the Oil World Ends…

This is the Way the Oil World Ends…

This is the Way the Oil World Ends…

Not with a Bang…

…but with the European Union, the UN Security Council and the United States freezing the assets of Iran’s Central Bank.  The continued attempt to starve Ahmadinejad into submission has moved this war of words, posturing and saber rattling into the realized realm of calculated high stakes with definable and measurable features.  136.3 billion barrels of proven oil reserves is deliriously mouth watering to a world dying of thirst for black gold.  Iran’s got it, we want it and we’ll take it.

This isn’t even a little bit of a surprise, though, is it?  Take a look at the Congressional Research Service report dated December 2, 2011 found at: http://www.fas.org/sgp/crs/mideast/RS20871.pdf.  (As you do, you might also want to keep a map of the Middle East handy so that the pieces fall easily into place.  http://www.worldatlas.com/webimage/countrys/me.htm.)

All I can tell you is that we in for another bump in the bumpy plateau with oil at $150 a barrel no longer a whispered fear.  Indeed, even oil at $200 a barrel, once touted as some obscene and horrendously unthinkable projection, might end up being something we all wish for in hindsight.  But with this particular snap shot of the great oil war comes the inevitable global increase in food prices in a world that already cannot afford to feed itself, along with ever increasing unemployment and the unimagined and entirely predictable increase in economic, social unrest.  Think too long and hard on this and more American troops on ground isn’t some horrific, unthinkable vision either, but is just around the corner.   

On the side of my blog are links to Michael Rupert and Dymtry Orlov’s work.  Take a few moments and check them out.  I can’t say what they say with nearly the grace, clarity or decisive explanation. 

Until next time…