February 12, 2006

$ 100 crude ?????/ mid east war door prize




simple calc

todays crude oil revenue
 as share of wgp is way below

the  peak ratio in the early 80's ...

 to get back there
would take $ 100 dollars plus per barrel ...

=============================


so there's plenty 
of energy  price room left

before the global system 
hits a terminal crisis 


ie
there's plenty 
of slack enough 
to  keep a clear conscience 
whilst  sponsoring   
   a  36 month long 
          mid east war 
                   with its
                  instigationary reward
                          ---  a domestic 
                      oil patch  income  bonanza ----   
                     any protracted  shut down
                                of gulf oil supplies
                                  would bring on  

               problem:

the trans nats have yet to "capture"
 the haunch   
         of  the  world's
                    non gulf  output 
and 
they'd  like to have that  in their bag
                before ....

    too bad 
          events may not wait on em here 


major flies  in the  ointment ...:


               russia/china 



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Posted by pinky at February 12, 2006 09:11 AM