“The U.S., by its embargo, blockade, and continuing threats of war, has already managed to raise the price of crude to $40 a barrel!  In fact, it would be more plausible to suppose that the aim of the massive Bush intervention has been to raise the price of oil, not to lower it. And considering Mr. Bush’s vice presidential visit to Saudi Arabia specifically to urge them to raise prices, his long-time connections with Texas oil and with Big Oil generally, as well as Texas’s slump in recent years, this hunch begins to look all too credible.”

http://mises.org/daily/6338/Fighting-for-Oil

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