The family feud between Israel and the Muslim world continues. To add fuel to the fire, Iran said that è¿ussia and China had officially informed Tehran they would not support sanctions or military action over the Islamic Republic's nuclear programme." Read Article
From my Birdseye view, I do not think the U.S. has any plans to use military force in Iran. Of course, if Israeli intelligence catches wind that their country is in danger, the Israeli military is more than capable of diffusing the problem. Many of the youngsters today are too young to remember what happened on June 5th, 1967, but Israel single-handedly attacked Egypt, Syria, Jordan and Iraq in a stunning show of force.
If any pre-emptive strike is going to take place in Iran, the U.S. politicians need to sit back and watch how real political leaders handle things. Israel does not mess around. The U.S. has a wonderful military, but our politicians get too many of our servicemen killed with their political posturing and indecisiveness.
As for us, we don't need to read too much into today's report that gasoline demand is going down. As we all know by now, one day does not make a trend.
While I would not mind seeing a multi-day sell-off in the price of energy (another buying opportunity), I believe a snap back in energy prices will occur as we get closer to the start of hurricane season. As soon as the first tropical wave is formed in the Caribbean, oil prices will snap back quickly.
