With this, it looks as if it is we who are wielding the oil weapon. “Oil Prices Drop on al-Zarqawi’s Death,” from AP:
VIENNA, Austria – Oil prices fell below $70 per barrel Thursday for the first time in two weeks following the announcement of the death of al-Qaida’s leader in Iraq, Abu Musab al-Zarqawi….
“The hope is that with the removal of the terror leader in Iraq, the Iraqi situation will stabilize faster and future oil supply could increase,” said Victor Shum, energy analyst with Purvin & Gertz in Singapore….