“Oil is headed for US$100 (€70),” Chavez said. “And if the United States keeps threatening oil-producing countries or trying to destabilize us like they did in Iraq … the price of oil is going to continue rising.”
It looks like the market is responding to the Bush threats with Iran. The good news is it means more American exports to Venezuela. If our economy can’t improve because of Bush’s policies, at least there is hope they will improve in spite of them.