The strategy being adopted by the Fed is at bottom simple, which is why no one notices it. Hyper-inflate the Dollar. Why? To drive up the price of oil. Why do that? To make oil "expensive." The world is not being forced into a scarcity of oil; it's being forced into a scarcity of Dollars ON A FLOOD OF DOLLARS, which will produce over-priced oil. It's extortion. And it's brilliant. (Even the Devil gets his due) Hence Iraq, then on to Iran, and bet your bottom petrodollar Venezuela and Mexico are next. Read the following, and remember where you heard it first. Best...

The price is NOT rising because of supply/demand fundamentals; it's rising because the dollar is being bid down in the oil markets, IN TERMS OF OIL. [Neoclassical economic principles are bull in cartelized markets)

The problem of the dollar price vs oil prices (OPEC oil is priced in dollars, pursuant to the agreement at the time of OPEC's formation) goes back most immediately to the 90's when Bush cut a secret deal with the Saudis, to pay for a percentage of their exports IN GOLD. (cf. Regge Howe at
http://www.goldsextant.com )

Henry Liu in a recent article at the Asia Times has shown that oil has traded for 60 years in a narrow price band of INFLATION-ADJUSTED Dollars.

This means that the rise in oil prices is REFLECTING DOLLAR HYPERINFLATION.

All the rest is BULL. FOLLOW THE MONEY. Best...

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See Also:

THE WORLD IN THE PALM OF THEIR HANDS: BILDERBERG 2005, PART II
6.7.05
By Daniel Estulin
http://www.onlinejournal.com/Special_Reports/060705Estulin/060705estulin.html
(Snip)
An American Bilderberger wondered what it would take for the oil prices to go back to $25 a barrel. Another American Bilderberger, believed to be Allan E. Hubbard, assistant to the president for Economic Policy, laconically stated that the general public does not realize that the price for cheap oil can be the bursting of the debt bubble. Cheap oil slows economic growth because it depresses commodity prices and reduces world liquidity. There is a strong indication, based on the information reported from the Bilderberg 2005 meeting in Rottach-Egern, that the Federal Reserve is extremely concerned about the debt bubble. An American Bilderberger reported that if the price of oil is to go down to its previous low of $25 a barrel, the debt-driven asset bubble will explode.
(IE: Oil “Trading” price is being held artificially high to cover(up) the bogus paper on the market. LA S)