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Old 07-11-2008, 07:53 PM   #14 (permalink)
ProfessorMurder
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and all of this with the backdrop of huge oil prices.

You know I wouldn't but it past "them" that all this is just show for the oil barrons' billions.

11 Jul, 2008,

OIL: Oil prices rocketed above 147 dollars on Friday as traders seized on tensions over
Iran and Nigeria at the end of a very volatile trading week.

On Friday, traders continued to track Iran, which is OPEC's second-biggest crude oil
producer with output of about 4.0 million barrels per day.


OPEC would not be able to replace Iran's oil production if supplies were halted in case
of a war with Israel or the United States, the oil cartel's chief has said.


At the same time, the oil producers' cartel has cut its estimate for world crude demand
over the next two decades, predicting that high prices would compel consumer countries
to be more efficient in their use of energy.

The International Energy Agency has meanwhile forecast that tension on oil markets was
set to ease early next year amid an economic slowdown in the United States.



I could be all just for show??
and if war should happen to break, even better.
We finally get to use all our toys and boys.
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