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Politics : Foreign Affairs Discussion Group
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To: Keith Feral who wrote (199503)8/26/2006 2:11:28 PM
From: Hawkmoon  Read Replies (2) of 281500
 
I just wish there was a sense that energy prices would stay high enough to make all this happen.

So do I.. as long as it doesn't impact US economic growth.

But right now, there would seem to be at least a $10-20 political risk premium in the current price of a barrel of oil, and I think that is detrimental and is a bubble that needs to be deflated.

Unfortunately, the current political crisis over Iran and their nuclear programs, as well as Ahmadinejad's rantings and ravings about "ushering in the advent of the Mahdi" make this unlikely anytime soon.

Hawk
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