Oil price up or down?

[rolmops]

If we leave Iraq tomorrow and civil and possibly regional war will start.Will the price of oil go up or down?
The overall price would go down for the the USA simply because our "hidden" cost (maintaining an army in combat) would go down.
But the price at the pump? Would everybody start selling oil for guns and thereby flood the world market? Or would the price go up because the wells will stop producing?
What do you think?

 

[JasonJ]

Re: Oil price up or down?

It would go up. Any instability in the region will cause the futures to go up regardless to real threat to supply. Monkeys farting in Venezuela makes the oil go up, you can just imagine what war in the middle east would do.

 

[waterinthefuel]

Re: Oil price up or down?

Agreed with JasonJ. Instability in the middle east would cause a rise in oil prices.

 

[Bondo]

Re: Oil price up or down?

Even if the Largest Oil Reserve Ever Known to Man was found sitting under Kansas,............


The Price of Oil is Still going to go UP............

 

[Vlad D Impeller]

Re: Oil price up or down?

What Bondo said, besides the Mid-east has been unstable for a very long time and will continue to be that way until its people come into the 21st century, who knows where we will all be by then?

 

[CN Spots]

Re: Oil price up or down?

If only we could harness the power of farting monkeys.

 

[RubberFrog]

Re: Oil price up or down?

If only we could harness the power of farting monkeys.

You trying to put me out of work? :devil: :}

 

[heycods]

Re: Oil price up or down?

Ol d Ruber frog is getting S L O W .Rambo Cat was shot outa the saddle by a neuterrd cat.

 

[crunch]

Re: Oil price up or down?

The overall price would go down for the the USA simply because our "hidden" cost (maintaining an army in combat) would go down.

Want to explain what that has to do with anything?

LOL @ heycods

 

[JRJ]

Re: Oil price up or down?

I think I'll hold onto the few Chevron shares I have And heres a tip, buy into small oil/gas producers and hang on.

 

[Tail_Gunner]

Re: Oil price up or down?

If only we could harness the power of farting monkeys.