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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CommanderCricket who wrote (103484)	6/22/2008 11:05:30 PM
From: energyplay	Read Replies (1) of 206338

I get your point - could some one who is long oil or oil stocks be suppling or encouraging MEND in Nigeria, and others in Columbia, Ecuador, etc. ? The Columbian pipelines are attacked all the time - over 50 attacks in past 5 years. Mexican and North Sea depletion don't need any help. Hugo Chavez doesn't need encouragement either. Let me put on my aluminum foil hat and suggest one other possibility - Iran as a sponsor. As long as the world oil supply is so tight it squeaks, as it is now, the US is deterred from attacking Iran, because that would send oil to infinity, or least the same neighborhood. That would crash the US and world economy quickly. Nigeria regaining some production, and with production from Iraq and maybe Saudi Arabia up, there could be enough cushion in the system to survive a sudden blip caused by a war with Iran. But as the world moves into the second half of "the cure for high oil prices is high oil prices" - meaning more production and conservation, there may be a window of opportunity for an attack on Iran with the oil price consequences contained.

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