Algeria says oil will rise to $170 a barrel by year-end

OPEC’s president, Algerian Oil Minister Chakib Khelil “has predicted that the price of oil will climb to $US170 a barrel before the end of the year on a fall in the value of the US dollar and political conflicts.”

“Political conflicts,” of course, refers to the Bush administration’s and Israel’s continued sabre-rattling at Iran, whose nuclear weapons program is most likely a figment of the imagination. Much less a figment, of course, is the United States’ and Israel’s own nuclear stockpiles, but these we are not to regard as a threat.

Author: benfell

David Benfell holds a Ph.D. in Human Science from Saybrook University. He earned a M.A. in Speech Communication from CSU East Bay in 2009 and has studied at California Institute of Integral Studies. He is an anarchist, a vegetarian ecofeminist, a naturist, and a Taoist.

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