Who thinks...

[dalakhani]

Originally Posted by Rupert Pupkin

I don't think I would agree that US foreign policy has a direct impact on oil prices. I think it can have more of an indirect effect.

I guess if we did something extreme it could have a big effect. If we decided to go to war with Iran tomorow, the price of oil would obviously go way up.

Fair enough. With prices coming down as sharply as they have, its definitely hedgefunds having a lot to do with things. There were probably a lot of futures played and when there wasnt a Katrina 2 or a world war 3 in the middle east, the sell off began. I wouldnt be surprised if it dropped another 5 bucks a barrel before the middle of October (barring some unforseen turn of events of course).