Argue with the links I posted. they are non partisan argue with them.
I already debunked your bullshit.
This is the sequence of events, Iran tested its missiles, oil prices peak, Israel did not attack, oil started down, Bush makes purely symbolic lifting of ban.
http://www.guardian.co.uk/business/2...il.commodities
Oil prices surged to a new record of $147 a barrel yesterday
on increasing tension between the west and Iran.
Brent crude rose to $147.02 in London, while in the US light sweet crude was up by more than $3 to $146.90.
Iran this week tested missiles capable of reaching Israel, leading US secretary of state Condoleezza Rice to warn that America would defend its allies. Iran, second largest producer in the oil cartel Opec, responded with another missile launch.
Neither the US nor Israel has ruled out a military strike on Iran.
Traders fear the oil-producing nation could retaliate by blocking the Strait of Hormuz, through which 40% of the world's tanker traffic passes.
"There's always a fear premium in pricing," said Jeff Brown, managing director of Facts Global Energy. "The tensions in Iran and the threat of supply disruption will help support oil prices."
Nigeria's main militant group also helped drive up oil prices by threatening to resume attacks on the country's oil production facilities. The Movement for the Emancipation of the Niger Delta has carried out a number of attacks on oil installations and kidnapped several expatriate oil workers over the last few years, which has contributed to
oil production in the country falling by about a quarter.