LOGIC tells me that the recent spike in oil prices was due to a sharp drop in the U.S. dollar caused by government borrowing in order to finance an expensive war. However, there's another possibility. . . .
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What if a multi-billionaire, operating through intermediaries, drove up the oil price in order to get his guy elected U.S. President? We know that huge sums of money backed Obama, who outspent McCain near the end by a factor of five to one. The oil price shock was the first of a series of economic bad news which discredited Bush once and for all; the trigger for all that followed.
The candidate for this mysterious billionaire would have to be an extreme ideological partisan, in personality utterly ruthless, with a track record of disrupting countries and markets through speculative maneuvers; moreover, having the funds to accomplish the plan.
Does such candidate exist? Yes: George Soros.
A subsidiary benefit from the oil price spike for Soros and his allies is that it humbled the auto companies, turning them away from gas guzzlers toward environmentally friendly cars-- perhaps leaving the federal government in control of the industry as a result. This fits with the Obama plan to end all use of fossil fuels within ten years.
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Others may have already posited this theory elsewhere on the Internet. The idea is obvious. Anyway, it'd make a great scenario for a novel!
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