Belmont Club

By Richard Fernandez

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The Lone Stranger

August 1, 2008 - 3:35 pm - by Richard Fernandez
kabud
2008-08-02 21:42:48

3Case:

140 was `Ben Laden`’s target price in 2001
and yet it reached recently over 140

i am amazed how people refused to see the reality for what it is:

Gulf oil is ~25% of world supply. If Gulf is closed by the war: we are facing oil shortages

strategic reserve will keep us afloat for some time but price will be anything but not 125