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To: amorphous
I commented yesterday that the surest way to raise the price of crude was to start another war in the ME.

Looks like that's about to happen.

ISIS has been smuggling oil in trucks to refineries in Iraq and Turkey in defiance of OPEC, using the money to prop up their regime. If SA can take out this upstart oil producer, ease the worldwide oil glut, and create a sense of panic in the ME, oil prices will double and double again.

BTW, I know this is just a coincidence but the price of gas at the pump shot up eighteen cents last night...

21 posted on 12/15/2015 1:04:38 PM PST by ZOOKER (Until further notice the /s is implied...)
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To: ZOOKER

Enjoy those prices while you can. Just read another American company went belly up with 1 billion dollars of debt.


28 posted on 12/15/2015 1:27:07 PM PST by amorphous
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