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Gold/Mining/Energy : GLD

GLD 370.09

+2.0%

Oct 30 4:00 PM EDT

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From: ayn rand	6/11/2006 6:55:20 AM
	of 74

War would escalate prices .................................. A war with Iran would almost surely send oil prices soaring, perhaps $10 to $15 a barrel above current levels, Fesharaki said. Other analysts have suggested prices could reach $90 a barrel or higher. By releasing oil from their emergency stockpiles, industrialized nations could push prices back down again. In fact, Fesharaki argues that if the uncertainty were over, if the markets no longer had to wonder whether the Western powers would attack Iran, oil prices could fall back below $60 a barrel. Fesharki does not believe the Iranians will really be willing to give up on acquiring nuclear weapons. India, Pakistan and almost certainly Israel have them. "If you have nuclear technology, you will be taken seriously," Fesharaki said. Whether the United States ultimately will be able to accept a nuclear-armed Iran remains unclear. chron.com

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