But Now You Know

The search for truth in human action

So You Thought Oil Prices Were NOT Driven Up by War?


Resistance fighters in Gaza, struggling against the internationally condemned occupation of Palestine by the Israeli government, have been shooting shoulder-fired missiles at Israel for years, now. They have even killed a handful of people, in their largely-fruitless effort.

Faced with an election, and the need for an October Surprise, the Israeli government decided to “retaliate” against this long-standing effort, by slaughtering a few thousand semi-random Palestinians, by attacking ANYONE who lived in the areas from whence the missiles supposedly were being fired.

The effect on the US, other than dirtying its hands by unconditionally defending the Israeli government’s war crimes?

Oil prices, that were steadily declining for months, as I noted and explained here, suddenly reversed themselves, and have climbed since the butchery started.

The only glimmer of hope for the US economy, keeping hope of not being entirely trapped in another economic depression, was the dramatic drop in the oil prices that helped create the depression in the first place.

Anyone who thinks the previous, 700% inflation of oil prices were from a weak dollar, or oil shortages, or growth in demand, et cetera, take note. As illustrated in this chart, the actual cause of high oil prices was, and is today, foreign policy strife.

We’re backing “retaliation” against the Palestinian neighborhoods that is killing tens, or hundreds, of times more innocents than the Palestinian resistance fighter attacks do, and the sole “benefit” we get is newly crippling oil prices.

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January 6, 2009 - Posted by | Economy, International, Politics | , , , , , ,

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