Follow
An Indian minister said this recently: "Iran oil is sanctioned, Russia has problems, Venezuela cannot supply its oil. Then the oil price will not be $200 - it will be $480"
And that's exactly situation US wants to create. Their oil must be the only oil that will be bought by the world.
@unpopop All true, but price will never go that high. They will increase production to keep it down, plus US national oil reserves and US gets most its oil from Canada.