While we were busy searching for WMD, they deployed WMR

[Liberty Star]

While we have spent costly five years searching for non-existent Weapons of Mass Destruction in Iraq, they have steadily deployed Weapon of Mass Recession aka Oil.

By taking oil prices from $20 to $140 ( incidentally the price level that OBL had aimed for years ago) , how successful they have been in hurting US economy using oil as an economic weapon?

[Liberty Star]

How ironic and incredible:


Osama Bin Laden's Oil Price Victory Fueling Red-Hot Inflation

Commodities / Crude Oil
Jul 09, 2008 - 07:33 AM




Sean Brodrick writes: Sometimes your worst fears come back to bite you in the rear. Case in point: In the New York Times, on October 14, 2001 the managing director of an oil consulting firm warned: "If Bin Laden takes over and becomes king of Saudi Arabia, he'd turn off the tap ... he wants oil to be $144 a barrel."

At the time, oil traded at $23, and $144 a barrel seemed downright impossible. Well, terror mastermind Osama Bin Laden, safe in his undisclosed rat hole, must be grinning like a Cheshire cat, because last week oil soared past $144 a barrel.



Indeed, if Bin Laden's aim was to hurt the U.S. through higher oil prices, he's probably thinking "Mission Accomplished." Soaring oil prices are fueling inflation and sowing the seeds of recession at the same time.


http://www.marketoracle.co.uk/Article5377.html