Kuwait, Saudi Arabia and even the mighty Dubai are getting dragged down by the global economic turmoil.  “The global financial storm rolled across the Persian Gulf on Sunday,” reports the WSJ, “as Kuwait’s central bank guaranteed bank deposits and cobbled together a hasty bailout for one of the country’s largest banks.”

With oil reaching $130 today, Goldman Sachs forecasting $141 oil, and T. Boone Pickens calling $150, it’s time to examine the one “X” factor that could quickly spike oil to $200.

2007, John Paulson made £3.7 billion in the US markets while nearly other every investor lost their shirts. Well right now there’s a way you can get in on his next move… and all it takes is a small investment in one simple stock. Let me explain…

In short, apparently these countries need the price of oil to stay high to pay for their welfare expenses…which means that they will necessarily be raising oil prices again pretty soon.