Todays news is threatening action must be taken sooner.
"Saudi had appeared to soften its tone on oil price policy since OPEC last met. Naimi said at a December meeting that higher prices were justified by the impact of the weak dollar on producers' spending power."
The pressure now seems to be coming from outside the US and those boys are concerned about what a weak dollar has done to the huge dollar reserves they already have. Further weakening means that a price will be paid so will Greenspan not continue or even be more direct with his interest rate warning? If he doesn't warn about rates and the market zooms ahead we will be given a sweet short op. as the big money knows better. I don't think a spike up would even last the day.
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