Positive. In six months oil could be as low as $15 per barrel.
...And bombing civilians deep inland isn't going to impact oil sales, shipments, or pricing, either.
Positive. In six months oil could be as low as $15 per barrel.
...And bombing civilians deep inland isn't going to impact oil sales, shipments, or pricing, either.
Me thinks that OPEC knows that this will happen, too, what with Iraq about to unlease unlimited production on the world. That's why the report today (yesterday?) about OPEC inviting discussions with Russia (!) and other non-OPEC rival exporters. They want to set up a world-wide cartel to fend this off. Or at least encourage disciplined constraint (which may be difficult to muster, but they're gonna try).
How about the fall of the House of Saud followed by an Islamic theocracy in Arabia with nuclear ambitions?