If US to invade Iran then oil will be 200$

[fenriswolf]

http://seattletimes.nwsource.com/html/nationworld/2004020769_chavez18.html

[Solar_Power]

1. You forgot to mention that it was Chavez who said it (hoping to drive up fear premium)

Crude already has a $30 fear premium -- why drive it higher with nonsense comments like that?

[fenriswolf]

2. actually my thoughts were

this is a great deterant to stop bush from attacking iran

[Solar_Power]

3. Yeah, Bush & neocons will be deterred by something Hugo said.

Please.

[fenriswolf]

6. true but maybe for the american people who do want war

this will drive down the support numbers even further.

[Solar_Power]

8. You mean the 2% of the population?

If even that many are crazy enough to want another war

[Solar_Power]

4. How about Hillary voting against any action on Iran?

that may be a deterrent

[fenriswolf]

5. i heartedly agree

[Initech]

7. Iran would be a suicide mission for us.

We have no military, we have no money or resources left, and we have no one wanting to enlist. We already fucked up Iraq and Afghanistan enough as it is. So what are they, fucking nuts?

[Strelnikov_]

9. Chavez is wrong

An attack on Iran will lead to loss of 50% of the worlds petroleum export market, reducing said market from ~41 Mbbl/dy to ~21 Mbbl/dy.

Petroleum will be priceless, with critical demand far outstripping supply.

The US economy will go into recession, or worse. Shortages in fuel and food will occur in short order, as the US imports over 12 Mbbl/dy, and will be bidding using the 'all powerful dollar' against countries with significant export capacity in finished goods in what remains of the worlds export market.

No, Hugo seems to be giving us the rose colored glasses version.


Vlad, on the other hand, is excited. Kinda like some Anton Chigurh stalking the petrodollar.