Wonder why risk is sliding, and taking crude with it? Here's why:
- DEFENSE SECRETARY PANETTA SAYS THE US WILL TAKE MILITARY ACTION TO PREVENT IRAN FROM ACQUIRING NUCLEAR WEAPON IF ALL ELSE FAILS - RTRS
Guess what - all else will fail, as there is no "all else" - this whole charade has been set up precisely to leave Iran with no options. Then again, even the Pentagon knows that starting with a lower baseline in Crude, supposedly in the double digits, is preferable to a $110 jumping board when Operating Enduring Iran Oil Liberation is a go.