Steve Forbes: "When We Have The Confrontation" With Iran, "The Price of Oil Will Come Down."

Source: Think Progress.org

The guy is a brilliant businessman, but I have to wonder if he is on crack right now or something.

Transcript:

FORBES: Well, it's interesting. And about $15 a barrel on the price of oil today is worry about Iran, that crisis.

HOST: So, without Iran, the price of oil would be $15 less per barrel is what you're saying.

FORBES: Yes, it would. There is real uncertainty, huge producer. But the bottom line with Iran is, when we have the confrontation, which we will have, we can really deal with that crisis. Then the price of oil will come down. The longer we let it fester, the higher the price of oil will stay.

Another war will drive the prices high again...probably more than the market can bear. Also, let's not forget potential supply problems if some countries shut off their oil in protest, and Iran's oil will be off the market for a short period of time.

Get with the program, Forbes--this piss-poor attempt to spin the impeding attack on Iran is a joke. You are quickly losing any and all credibility in this lurid attempt to bail out this lame-duck president and his faulty war plans.

Tags: [Steve Forbes], [Iran], [Forbes believes an Iran confrontation will lower oil prices], [does he also believe in magick?]