Monday, October 8, 2007

The Oil Crisis of 2012?

From the National Interest, here
" ...The picture is not entirely rosy, however: Alkadiri reported that clients are extremely worried about regional trouble spots. One is Iran, where a possible conflict could have a disastrous effect on the oil market. This led him to counsel against strengthening sanctions against Tehran, which he said would damage both the U.S. and Iranian economies. Kirsch agreed, saying that a war in the Gulf would likely lead to an average oil price of $150 per barrel and “trigger a global recession...
... Another concern is Iraq."

1 comment:

bishop said...

how dare they say that while Cheney is still in office??? he might kill Bush himself just so he can get Halliburton, I mean, us in there before he leaves!!!