RE:I find it bizarre that oil traders are in denialThere is no such thing as a geopolitical worry anymore . Oil is the single most important commodity on this planet . The warmongers rely on it to buy more toys . The rest of the world relys on it to keep the peace and appease their constituents . It's in nobodys best interest to make it go to $ 200 a barrel. If Israel destroyed Irans oil infrastruture it would take almost 2 million barrels off the market . The other kind gentle nations in the Middle East would say well if they can do it to them they can do it to us and would revolt. Even though it actually benefits them because Saudi can fill the vacuum in no time. I'll bet if there wer 50 Iranian war ships and one tanker , the tanker would be the last man standing . Forget about a long term consequence to the supply of oil . Aint gonna happen. Like I always say , when an American city is burning because some racial thing happened, the only buildings left standing are the unemployment and welfare offices.