Discussion in 'Economics' started by morganist, Jan 25, 2012.
IMF warns of Iran oil shock.
Now is not the time to fuck with oil prices. It's hard to tell how much is baked in, but I think 20-30% "spike" is way too low. WTI averaged ~85$, for the better part of 2 years. I doubt the market has "baked in" two years worth of war expectations with Iran.
Back in 79-80, oil prices doubled. The Iraq-Iran war brought Iranian oil production to a halt. If America goes in and takes out their refineries/fields, it could be a repeat. I think 50% spike, at least. Perhaps more. Depends how far it escalates.
when the sand box dries up, they can get back to herding camels and picking dates.
none have done anything to help mankind.
this royal has his head up his ass.
they all do.
running strings of hookers and selling blow, morally corrupt camel humping' gangstas.
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