Quote:
| Originally Posted by brian eiland excerpt from posting#56....I'm still betting we will see $100/barrel crude this year when Israel bombs those Iranian nuclear facilities by the end of the year...certainly during Bush's presidency?? |
Well it appears as though we don't need to wait for the 'new conflict' to affect this price rise, but rather the world's economy and dependance. We are closing in on that $100 barrel prediction.
Now imagine that my conflict prediction comes true. I'm betting we will see $200 per barrel price spike when that happens.
There are some nations, and some oil companies, that are loving this situation....huge profits and transfers of wealth.