But if Iraq couldn’t win a land war, and the USA can’t win an aerial and missile war, who’s going to take them on apart from some skirmishes?
The petrodollar should have collapsed by now. Oil should be $150 a barrel. Nearly six months after it started, not a great deal has changed as far as I can see. We keep getting fear of Cushing bottoms thrown around, and in Oz we’re down to 21 days for jet fuel and Diesel, and 26 days for petrol, with probably enough Diesel and petrol on the way to keep us going but no details on jet fuel. Actually, that’s looking pretty grim, three months ago they were all above 30/35 days.
