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Saudi Arabia's `Day of Rage' Lures Record Bets on $200 Oil
JayRodney Show this Post
03-07-2011, 11:36 PM #1
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,185 Threads:1,485 Joined:Feb 2011
Options traders are betting more than ever that crude oil is heading to $200 a barrel as some websites call for a “Day of Rage” in Saudi Arabia and anti- government protests spread in the Middle East and North Africa.

Bloomberg

All this instability in the region creates a real bonanza in terms of profits for the oil companies and oil producing nations.

Gas in Europe is already 8 usd a gallon, this is going to drive people right off the road.

If that is indeed that is the outcome of these grossly inflated numbers, then globalization will have been a failed experiment it's no longer practical.

There could be a return to manufacturing and jobs.
wonder.gif

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Octo Show this Post
03-08-2011, 12:24 AM #2
Octo Mother Superior
Posts:40,968 Threads:1,566 Joined:Feb 2011
yes they're talking about the new energy crisis here as well...things are going according to plan agent_smith.gif
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Anonymous Kritter Show this Post
03-08-2011, 12:25 AM #3
Anonymous Kritter Incognito Anonymous
 
damned.gif $200 a barrel? Holy shit.
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