Olmert the Oil Speculator

As far as I can find, he hasn't been repudiated by the Israeli government for this comment:

"If Iran continues with its programme for developing nuclear weapons, we will attack it. The sanctions are ineffective," Transport Minister Shaul Mofaz told the mass-circulation Yedioth Ahronoth newspaper.

And oil spikes. It had been down to $125ish, but with that little splash it spiked to $138.

By depressing contrast, when Saudi Arabia proposed pumping another 500,000 bpd, the market yawned. This is something to keep in mind while the Republicans are pushing to make us "energy independent" by pumping another 300,000 bpd from the Coastal Shelf.