Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
1) $115 - Late '06 US bombs Iran, Kurds secede, and both Iraq and Iran oil production goes offline. Unlike during Katrina, other countries hold on to their strategic reserves.
2)Ends around $95
3)$14 high, $10 end - I agree with some of the other comments that there will be demand destruction in gas.
4)November 06. I think there will be a lot of tough talk before the election, but a strike only comes after. Shiites stop cooperating after the strike on Iran, and the Kurds take it as their signal to bow out of the grand coalition.
by toad on Wed Dec 28th, 2005 at 07:00:17 PM EST

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