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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (55442)11/2/2004 5:31:00 PM
From: Snowshoe   of 74559
 
The U.S. only gets 10% of its oil from the Mideast these days, so an Islamic oil embargo makes little sense because it would be against the French, Germans, and Chinese etc.

The really scary danger is that the Islamic mullahs and head-hackers corner more of the profits from selling oil, and use them to create further mischief. This is one of the reasons to develop oil alternatives, so we can blockade the Persian Gulf if the crazies take over.

FYI, as stated on multiple occasions I won't vote for Kerry or Bush.
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