AP: Iran Sanctions Could Drive Oil Past $100
A surge in oil prices last week to almost $70 a barrel on concerns about the restart of Iran's nuclear program only hints at what may lie ahead. Prices could soar past $100 a barrel, experts say, if the U.N. Security Council authorizes trade sanctions against the Middle Eastern nation, which the West accuses of trying to make nuclear bombs, and Iran curbs oil exports in retaliation. A sharp global economic slowdown could follow
Ready for $262/barrel oil?
Two of the world's most successful investors say oil will be in short supply in the coming months.
I'm not ready to pay half that much, but I am ready for the rioting that will ensue if it does happen. Bring your own guillotine.