$ 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