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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: CalculatedRisk who wrote (59839)4/29/2006 9:56:42 AM
From: GST  Read Replies (2) of 110194
 
Demand for oil is rising as hundreds of millions enter the world of oil consumption. I doubt they will decide to leave. So we must compete for an increasingly scarce resource. The best thing that could happen to the US would be an oil shock that takes oil to $150 to $200 a barrel. Then we would innovate and substitute. Everything else is just a bandaid. An embargo of Iran followed by an Iranian embargo of us would do the trick. I hope Iran does not back down.
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