Barack Obama's policy aims at the heart of speculators which we all know are behind the current boom in oil prices. Maybe I am slow but i think i have finally worked out what is going on here. The speculators are pushing oil to insane levels to create a financial meltdown in the equities markets, then will scoop up cheap shares after creating a serious crash, abandon oil and send crude back to its fundamental value, probably down around $70 a barrel.
