Who to believe?
The Guardian says oil prices will go up and the Wall Street Journal says oil prices will go down.

I know nothing of such things, but isn’t it amusing to see how conspicuously political views affect economic prophecies?

The Guardian article contradicts itself though. First they say that the last decade was one of miracle growth for the US, and then they say the Gulf War punctured global growth (Wasn’t the Gulf War just eleven years ago? Mustn’t have punctured anything very badly if a year later growth miraculously happened for the US, economic world leader).

The Wall Street Journal puts it best: “Economic forecasting is always a mug's game”.