Stock Operators –Oil Long

I went a small bet long on oil, expecting a conflict in the Straits of Hormuz. Now the parliament in Iran is passing a law to close the Straits as a reaction to the oil embargo placed on it by the US and Europe, so the oil jump might be a bit later on.

Iran has not broken any laws so the embargo placed on it in support of Israel is illegal. How that pans out I don’t know but the argy-bargy will start sooner or later. I don’t believe Israel will attack Iran because of the damage Iran can inflict on it. And I don”t think Americans will attack as Obama knows oil will jump to $150 a barrel and this is an election year. So its a game of chicken to see who blinks first.

About Stuart Wilde

Stuart Wilde (1946 – 2013) is considered by many to be the greatest metaphysical teacher that has ever lived. Most famous New Age, New Thought writers and teachers privately studied with him, Read the full Stuart Wilde Bio >