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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Triffin who wrote (256407)7/1/2008 1:41:07 PM
From: Paul Smith  Read Replies (1) | Respond to of 793856
 
OPEC will not be able to replace some 4 million barrels per day in lost Iranian output if Tehran carries out its threat to stop oil exports if attacked...

If that scenario plays out, and oil spikes, we may have to tap the strategic petroleum reserve. It is there for a national emergency like supplies affected by war.