"Before the start of the Iraq war his media empire did so much to promote, Rupert Murdoch explained the payoff: "The greatest thing to come out of this for the world economy, if you could put it that way, would be $20 a barrel for oil." Crude oil prices in New York rose to almost $40 a barrel yesterday, a 13-year high.
Those who expected big economic benefits from the war were, of course, utterly wrong about how things would go in Iraq."
<a href=http://www.fromthewilderness.com/free/ww3/050704_NYT_op_ed.html>NY Times Confirms Peak Oil A Reality</a>