The markets are in anxiety mood, oil over 100$ (Brent 110$), gold 1450 $ and so on. The fear is that the current unrest will -- or has already started to -- spread to other oil producing countries. Investors are looking at Saudi Arabia and Iran, two heavyweights.
2 comments:
Wait until the yanks jump into Libya to save the day then the party will really get started, I am betting 170\bbl if they land anything and 200 if Saudi hits the fan. God being kind will not allow Iran and Niger D to add to the snowball
Our economies are too dependent on cheap oil. God may be kind but alternatives are necessary.
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