Conspiracy Theory

Oil Spikes on U.S. Plan to Double Strategic Reserves – so says one of today’s headlines. Now I ask you, why would George Bush suddenly feel the need to double the strategic oil reserves? I say one of two reasons. One, some hedge funds have gotten themselves into trouble by speculating that the price of oil would go up, and it has plummeted dramatically. Since these “hedgies” are all leveraged, a few in trouble would bring down the financial system, so the US must act to “shore up” the price of oil. Two, Bush is preparing for trouble in the Persian gulf but doesn’t want to bring a crisis to America in the process. My opinion? Definitely, Reason One!

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