FW: the cost of oil is protecting Iran

Best political news of the day:


One oil speculator told me that oil would hit $200 a barrel within
minutes. But Iran's official news agency, Fars, puts it at $300 a
barrel. I asked him if Iran is right, what does that mean?

"Four-dollar-a-gallon of gasoline only reflects $100 oil because the
refiners' margins are squeezed," he said. "At $300, you have $12 a
gallon of gasoline and riots in Newark, Los Angeles, Harlem, Oakland,
Cleveland, Detroit, Dallas."