Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: long-gone who wrote (17187)	2/19/2003 6:42:32 PM
From: sea_urchin	Read Replies (2) of 81972

long-gone >Talk of possible $80 oil. (2) washtimes.com >>>European analysts forecast economic disaster from war Most such forecasts show a war against Iraqi leader Saddam Hussein would leave industrial economies in a shambles, regardless of its speed and outcome. In the worst-case scenario — a prolonged war with no immediate outcome — some European analysts forecast a vertiginous rise in the price of oil, a collapse of the U.S. dollar and trade wars across the industrial world. Ahmed Zaki Yamani, a former oil minister of Saudi Arabia and founder of the Organization of the Petroleum Exporting Countries (OPEC), was widely quoted in Europe saying that, should Saddam resort to massive destruction of oil fields, the price of a barrel of crude could rise to between $80 and $100. The dollar is seen under this scenario as plunging as low as $1.50 to the euro, having already lost 20 percent during the past year.<<<

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