"If they freeze us there will be no more oil for the United States, and the price will go to $300," Chavez said during a televised meeting with Caribbean and Central American leaders as part of an energy cooperation scheme called Petrocaribe.
Chavez also said oil prices were being influenced by a "speculative bubble", the collapse of which could send prices as low as $70 per barrel.
Emphasis added by me.
Trust me, Chavez, if any full-scale assault is launched against Iran, we won't have to worry about you pushing oil to $300. It will get there on its own.
A price collapse to $70/barrel? If only!