The consequences of a military attack on Iran to thwart its nuclear intentions could have a devastating economic impact.
NBC News chief foreign correspondent Richard Engel warned on the July 1 “NBC Nightly News” an attack by Israel could send oil prices soaring – sending gas prices into territories never imagined.
“I asked an oil analyst that very question,” Engel said. “He said, ‘The price of a barrel of oil: Name your price – $300-$400 a barrel.’”
What would oil at those levels mean? A June 11 Time magazine story by Robert Baer put the price of a gallon of gas at $12 if oil goes to $300 a barrel. In May, Robert Hirsch, Management Information Services Senior Energy Advisor, told CNBC’s “Squawk Box” the oil at those prices could mean $15-a-gallon gas...
[tip o'teh tifoil to chlamor]
Chaos is the plan, because "...one man's insanity is another man's Venture Capitalism"- MacCruiskeen.
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