Oil approached just short of $100 a barrel. That is, within pennies. The
stock markets fell...drastically. When West Texas Crude hits $100 the
markets will fall even more. The governments that are most delirious are
the Chavez regime in Venezuela and the Islamic dictatorship of Iran. It
is, after all, another blow to the United States. This is not something
that Saudi Arabia desires. They want to maintain the link to the dollar
and they have no interest in propelling these deeply radical states.