Prometheus 6

"Four-dollar-a-gallon of gasoline only reflects $100 oil because the refiners' margins are squeezed," he said. "At $300, you have $12 a gallon of gasoline and riots in Newark, Los Angeles, Harlem, Oakland, Cleveland, Detroit, Dallas."

This unnamed oil speculator is wrong. Not about $12/gallon gasoline at $300/barrel oil. He's not even wrong about the riots.

He's wrong about where the riots will take place. I guess "riot" automatically invokes majority Black neighborhoods in this unnamed oil speculator's mind (he said "Harlem," not "New York"). Meanwhile it's rural American that's suffering most...in the cities we got public transportation, for the most part.

How Iran Has Bush Over a Barrel
By Robert Baer

If wasn't clear before it should be now: the Bush Administration can't afford to attack Iran. With gas already at $4 a gallon and rising almost every day, Iran figuratively and literally has the United States over a barrel. As much as the Administration is tempted, it is not about to test Iran's promise to "explode" the Middle East if it is attacked.