Oil experts warn of oil price spikes after raids
By David Brinkerhoff
Message 6870609
I was surprised to see that IRAQ still produces 3% of the
world's oil.
Interesting discussion about oil meeting coming up in Madrid
on Thursday. The world oil chiefs want to reduce production
by 4%, so it looks like they would get what they want. The
only problem is that it will probably cause the other producers
to just increase output.
Also, I think this US attack will be a 2-3 day event. The
technology they're using now is even more accurate than
what was used in '91. So, who knows how much oil will
be disrupted. The air strikes, I would think are mainly aimed at military operational facilities. I don't think it's a war scenario
type attack where, bridges, TV, radio, utilities, energy
reserves, etc. get bombed out.
I think the result will be the same old sh*tty IRAQ minus
a whole lot of palaces and military installations and bomb
development sites. The
more Sadam waits, the more all his military resources get
hallowed out. Of course, I always wonder if he has
a few installations that are about 1/4 of a mile underground<g>.
j |
