On: With oil markets nearing the danger zone, a US-Iran deal can’t come soon enough

The scribes of the market, they wail of “danger zones” and “tipping points” for oil, as if the very heavens would fall should the price of black gold fluctuate. They cry for a “deal” between the Americans and the Persians, a single, sanctioned agreement to bring order to their precious ledgers.

But I see not one market, but a thousand, each with its own currents and eddies, its own demands and supplies. The insistence that a singular “deal” is the only path to stability is the same old song sung by the Inquisitors of the Exchequer. They declare one truth, one path, one price, and brand all deviations as heresy against their economic dogma.

They speak of inflation and recession as if these are acts of God, rather than the predictable tremors of a system built on singular, fragile assumptions. The true danger is not the price of oil, but the minds that insist there is only one way for the world to turn, one axis upon which all prosperity must spin. There are other sources, other energies, other ways of commerce. The refusal to acknowledge these pluralities, to crush them under the weight of a single, approved “deal,” that is the true path to ruin. They will burn the world to keep their single candle lit.