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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (72935)	10/7/2006 7:53:54 AM
From: quehubo	Respond to of 206121

A short lived speculative spike is what you described. A armed conflict between Iran and Israel would no doubt result in infrastructure damage in Iran. Power plants, refineries and pipelines take years to repair. There have been reports that indicated there are numerous areas in SA where a strike could knock out a large % of production for an extended time. The risk premium with oil prices would be raised indefinitely if SA was impacted or Iran was dealt with properly.

To: Spekulatius who wrote (72935)	10/7/2006 10:19:26 AM
From: Wyätt Gwyön	Respond to of 206121

How much oil capacity can Al Queda destroy with terrorist attack? they can take 5 million bpd off the market for at least 6 months with a hit on Ras Tanura. if that happened, $100 oil'd be cheap.

To: Spekulatius who wrote (72935)	10/7/2006 10:54:53 AM
From: Kayaker	Respond to of 206121

According to Henry Groppe yesterday, for every 100,000 barrels of oil taken off the market by a disruption, the price rises by $1. Even you said oil may jump to $100. None of these events will sent oil up to 100$, except for a very short lived speculative spike. ---------------- Recently, Michael Economides said there were three things that could send oil soaring to $100... There is nothing in that statement that says he thinks it will stay there past the particular event.