Hi All,

The gangsters have taken another hit, and Admiral Fallon
deserves the credit.  Meanwhile, the oil glut is intensifying
as the U. S. miltary has been able to nullify Bush's
laughable sabre rattling, increasing the probability of
$40 per barrel oil before the end of 2008.  The terror
premium could soon evaporate, and the price of oil could
drop to $70 per barrel ovenight.

What will the Oil Gang do about this?  More to the point,
what will the Oil Jackals (Russia, Iran, etc.) do about it?
To re-establish the apparent threat to the Iranian oil fields
will the Iranians now release Sadr's Mahdi Army against
American forces in Iraq?  Also, the Saudis may think it's
to their advantage to fund a major Iraqi Sunni attack on us.
The sooner we get off oil the better.  Let them drink
their oil.

Jack Smith


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