re: oil prices to fall? why?
See Economist Intelligence Unit/EIU viewswire 18 Feb "World Economy: Our Outlook For Oil"
More production is now hitting world markets, OPEC states will cheat on their quotas. As I have been saying for some time, the U.S. has plenty of oil and the very mild winter is over. IMHO the market is very volatile due to massive speculation. This can be seen in the price spike that hit oil on Thursday due to (1) U.S. attack on Iran (2) a fuel tank that fell off a plane and exploded (3) oil explorers setting off charges for seismic tests (4) an explosion or fire at a Tehran Mosque that killed many, maybe at the hands of The Great Satan (Bush) etc. etc. These rumors sent oil up sharply and indicates a very speculative/frothy market.
IMHO the USA has no interest in attacking Iran, the whole idea is laughable (prodding at the border, flying drones and other hanky panky notwithstanding). The US is currently more engaged with Syria and Lebanon which is away from the major oilfields of the Mid East. This situation is going to heat up considerably.
