Doubling the Oil Reserve = War with Iran
LSK
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Tue Jan-23-07 10:45 PM
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| Doubling the Oil Reserve = War with Iran |
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Anyone catch that part??? A war with Iran would shut down the Gulf to tankers and take out a large bulk or the worlds oil supply for a while. Anyone think hes doubling the oil reserve in anticipation of this?
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| Newsjock
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Tue Jan-23-07 10:47 PM
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| 1. Or, not quite as scary ... |
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... doing so just takes more oil out of the commercial marketplace, thus driving prices (and profits) up for his oil buddies.
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| dflprincess
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Tue Jan-23-07 10:56 PM
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It went up $2.48 a barrel today after the announcement about the oil reserves was made.
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| crim son
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Tue Jan-23-07 10:47 PM
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I also thought: nice response to current "oil surplus". Somebody isn't making their accustomed profit.
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