Galrahn at Information Dissemination blog reports
that the US and China, among others, are stockpiling crude oil, even though, in the case of China, demand and supply are in balance, and in the US there is not enough refinery capacity to process the 11 supertankers full of crude that Saudi Arabia is sending here over the next 2 months. He has noted that the US Navy is moving equipment and ships to the Persian Gulf that would be used against Iran if hostilities were to begin.
Galrahn's analysis (and he is much better informed than I) tends to validate my theory
that we will probably be at war with Iran before election day. He thinks the flash point will be reached if and when Israel determines that the current sanctions on Iran, which will take 3 to 6 months to show any effect, aren't working.
I have no reason to disagree.
Labels: Iran, Israel, military, Navy, Saudi Arabia