Iran and oil prices.
Started by
nimblebear
, Mar 27 2007 02:50 PM
2 replies to this topic
#1
nimblebear
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Welcome to the Dark Side !
Posted 27 March 2007 - 02:50 PM
Wouldn't take much for them to clog these shipping lanes.
OTIS.
#2
pdx5
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I want return OF my money more than return ON my money
Posted 27 March 2007 - 03:54 PM
Excellent map, showing the vulnerability of the oil shipping lanes.
The straits are only 25-30 mile wide at the neck, and Iran can
bring the shipping lanes to a halt by mining the area.
25% of worlds daily oil consumption ships thru the starits of Hormuz
everyday. No wonder the 6th fleet is massing in the Persian Gulf.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
selecto
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Member
Posted 27 March 2007 - 04:53 PM
It should be fairly easy. A couple of ka-booms and underwriters won't cover - then nothing moves.
