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The Next Oil-Price Shock Will Be At Christmas
JICWyllie
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0
8-29-2008 12:56 PM
171 views
tags:
energy
,
oil
,
i-prices
,
i-increase
,
i-forecast
,
politics
,
i-policy
,
i-war
,
i-consequences
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/aee92b50-90b4-4866-8ccf-e9f8c2430961/876E2BAF-6D3C-417D-8922-41490A46423D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.fleetstreetinvest.co.uk/oil/oil-outlook/iran-bomb-gulf-oil-price-explode-03765.html" href="http://www.fleetstreetinvest.co.uk/oil/oil-outlook/iran-bomb-gulf-oil-price-explode-03765.html" style="font-size: 11px;">www.fleetstreetinvest.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.fleetstreetinvest.co.uk/oil/oil-outlook/iran-bomb-gulf-oil-price-explode-03765.html"><DIV>A two-pronged attack that bombed nuclear facilities and cut off benzene supplies could easily get the US exactly what they want in Iran. </DIV><BR /><DIV>It could destroy any chance of Iran getting the bomb and force Ahmadinejad out of office. It won’t take much to convince the current US administration to come along to this particular party.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.fleetstreetinvest.co.uk/oil/oil-outlook/iran-bomb-gulf-oil-price-explode-03765.html"><DIV>So, the world is gearing up for action in Iran. The plan has been made. The warships have practiced. The will is there. </DIV><BR /><DIV>I think Israel will bomb suspected Iranian nuclear facilities and a US-led task force will block the Straits of Hormuz. </DIV><BR /><DIV>All this is likely to happen sometime in the US interregnum period around Christmas. If it does, the oil price will go utterly ballistic.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.fleetstreetinvest.co.uk/oil/oil-outlook/iran-bomb-gulf-oil-price-explode-03765.html">Up to 40% of the world’s oil supplies pass through the Straits of Hormuz. It is one of the most strategically important waterways in the entire world.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.fleetstreetinvest.co.uk/oil/oil-outlook/iran-bomb-gulf-oil-price-explode-03765.html">The Americans want to block the Straits of Hormuz to stop Iranian imports of benzene. This will cripple the country’s economy. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/876E2BAF-6D3C-417D-8922-41490A46423D/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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