If an OPEC Nation Stops Oil - $79 to $262 a Barrel
#1
If an OPEC Nation Stops Oil - $79 to $262 a Barrel
CNN/Money discusses what happens if a major OPEC nation either embargos their oil or falls to revolution.
Still want to keep that Escalade?
Originally Posted by article
The fall of the House of Saud seems the most far-fetched of the six possibilities, and it's the one that generates that $262 a barrel.
More realistic -- and therefore more chilling -- would be the scenario where Iran declares an oil embargo a la OPEC in 1973, which Browder thinks could cause oil to double to $131 a barrel. Other outcomes include an embargo by Venezuelan strongman Hugo Chavez ($111 a barrel), civil war in Nigeria ($98 a barrel), unrest and violence in Algeria ($79 a barrel) and major attacks on infrastructure by the insurgency in Iraq ($88 a barrel).
More realistic -- and therefore more chilling -- would be the scenario where Iran declares an oil embargo a la OPEC in 1973, which Browder thinks could cause oil to double to $131 a barrel. Other outcomes include an embargo by Venezuelan strongman Hugo Chavez ($111 a barrel), civil war in Nigeria ($98 a barrel), unrest and violence in Algeria ($79 a barrel) and major attacks on infrastructure by the insurgency in Iraq ($88 a barrel).
#2
Re: If an OPEC Nation Stops Oil - $79 to $262 a Barrel
Yes, it's a fragile world on which we live. Any of those scanerios could happen. Therefore, reducing dependcy on any of those clowns should be our first priority.
#3
Re: If an OPEC Nation Stops Oil - $79 to $262 a Barrel
Originally Posted by 2Hybrids
Yes, it's a fragile world on which we live. Any of those scanerios could happen. Therefore, reducing dependcy on any of those clowns should be our first priority.
#5
Re: If an OPEC Nation Stops Oil - $79 to $262 a Barrel
Originally Posted by Delta Flyer
CNN/Money discusses what happens if a major OPEC nation either embargos their oil or falls to revolution.
Still want to keep that Escalade?
Still want to keep that Escalade?
Just send bush and his men in there to clean house.. like they have done in Iraq and take over the oil fields..
(like the law that the supreme court passed, where govt. can take privately owned land if it's to better the quality of life for others).
LOL, or we could go and geneticly hybrid horses, (eat less & travel farther).
Last edited by PriusGuy04; 01-28-2006 at 11:14 AM.
#6
Re: If an OPEC Nation Stops Oil - $79 to $262 a Barrel
Originally Posted by AZCivic
Well the tough part is that you can't really pick and choose what nations you're getting oil from because it's a world market. We're all competing for the same finite resources. I think I would re-phrase what you said to: reducing dependancy should be our first priority. Higher fuel economy mandates should be taking place right now while we can still afford it, not later, when high energy costs have dragged the economy down.
#7
Re: If an OPEC Nation Stops Oil - $79 to $262 a Barrel
Originally Posted by PriusGuy04
... .......LOL, or we could go and geneticly hybrid horses, (eat less & travel farther).
#8
Re: If an OPEC Nation Stops Oil - $79 to $262 a Barrel
Originally Posted by Wbruff
No there would be too much brown horse gasses, err green house gasses eminating from their exhaust port
#9
Re: If an OPEC Nation Stops Oil - $79 to $262 a Barrel
When they run around like chicken little, they'd better watch where they step.
I am currently using only 5 gallons per week so I think I'll be okay with a small bail of hay
I am currently using only 5 gallons per week so I think I'll be okay with a small bail of hay
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