Thanks...Im going to have nightmares tonight, I'll not sleep a wink.
Doomsdays 1 through 6
To come up with some likely scenarios in the event of an international crisis, his team performed what's known as a regression analysis, extrapolating the numbers from past oil shocks and then using them to calculate what might happen when the supply from an oil-producing country was cut off in six different situations. The fall of the House of Saud seems the most far-fetched of the six possibilities, and it's the one that generates that $262 a barrel.
More realistic -- and therefore more chilling -- would be the scenario where Iran declares an oil embargo a la OPEC in 1973, which Browder thinks could cause oil to double to $131 a barrel. Other outcomes include an embargo by Venezuelan strongman Hugo Chavez ($111 a barrel), civil war in Nigeria ($98 a barrel), unrest and violence in Algeria ($79 a barrel) and major attacks on infrastructure by the insurgency in Iraq ($88 a barrel).
Two of the world's most successful investors say oil will be in short supply in the coming months. - cnn.com
Go Wahoos!
Go Mounties!
[img]http://i8.photobucket.com/albums/a39/flipanova_7/Inferno.jpg[/img]
Thanks...Im going to have nightmares tonight, I'll not sleep a wink.
It is hard to fail, but it is worse never to have tried to succeed.
-Teddy Roosevelt
Arch buys diesel and gas for the company vehicles, and I guess for emergencies they MIGHT loan me enough to get back and forth to work... both miles. [img]/LDPforum/ubbthreads/images/graemlins/grin.gif[/img]
Hugo Chavez....ain't he a wrestler?
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