Reply #18: Repugs Won't Risk Crude Oil at $250/Barrel B4 November Mids

[Amonester]

That would be the equivalent of a "Political Hara-Kiri"

So calm down (until after the mid-terms & pray the house will be Blue by then otherwise we in the north will freeze to death this winter...).

http://uk.biz.yahoo.com/07082006/325/oil-soars-above-76-alaska-shutdown.html
~snip~
A further spike in oil prices resulting from a broader Middle East conflict would drag an already slowing U.S. economy into recession more easily now than a year ago, Standard & Poor's said...
...
The credit ratings agency forecast three scenarios -- with a $250 oil barrel sparking global recession in the worst of them, should Iran close the Strait of Hormuz, a bottleneck in the Gulf region between Iran and Oman by which tankers from Kuwait, Saudi Arabia and the United Arab Emirates transit.
...
Iran, the fourth-largest oil exporter, vowed on Sunday to expand its atomic fuel work and warned of a harsh response if the United Nations imposed sanctions aimed at halting enrichment.
...
We do not want to use the oil weapon, it is they who would impose it upon us,"...

http://uk.biz.yahoo.com/07082006/325/oil-soars-above-76-alaska-shutdown.html

Get it while you can! :scared: