And if you don't think that threat or possibility won't send oil higher, you don't know oil. Just google Egypt - Israel and you can see this new Gaza war bring in Egypt, Iran, Turkey and possibly Syria. Thinking oil going way higher as Israel set to invade Gaza.
All of this Egypt-Gaza stuff that is going on will only give about 5.00/barrel increase. It won't really go up until Israel actually attacks Iran. I hope they do it this year before taxes goes up...... :)