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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (52541)	2/3/2006 1:45:02 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 110194

Message 22130048 excerpt "Iran has also accumulated a strong cash position from the recent high oil price, earning some $45 billion in oil revenue in 2005, double the average for 2001-2003. This gives it a war chest cushion against external sanctions and the possibility to live for months with cutting its oil export all or partly. That is clearly one of the implicit weapons Iran knows it holds and would clearly use in event the situation escalated into UN Security Council economic sanctions. In today’s ultra-tight oil supply market, with OPEC producing at full capacity, there would be no margin to replace 4 million Iranian barrels a day. A price shock level of $130 to $150 is quite likely in that event."