War between Saudi Arabia and Iran could send oil prices to $250

Monday, January 18th 2016 - 05:34 UTC

Full article 3 comments

By James Stafford of Oilprice.com - The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle East Read full article

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ElaineB
Was this written before sanctions were lifted on Iran? Another move in the oil chess game. The Saudis have been keeping oil prices low to damage both the Russian economy and US oil production - they can afford to continue to do so. Whilst oil investment has always been speculative I am not sure we will see a change imminently.
Jan 18th, 2016 - 08:45 am - Link - Report abuse 0
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ChrisR
Askari, born in Iran and educated in the US, details from his own biography seems to be a fame whore and is presently “Iran Professor of International Business and International Affairs” at George Washington University where he has been since 1982. He holds a Ph.D in economics having qualifies as a Civil Engineer.

So he has moved from a career where (if he was any good) he could help society, to one where he can hold several 'opinions' on the same subject at once, all of them subjective and of little value as this report demonstrates.

Clearly he couldn't cut it as an engineer.

He and an 'associate' claim that Ireland embraces Islam better than any other western country! Incredible.
Jan 18th, 2016 - 11:13 am - Link - Report abuse 0
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yankeeboy
What a ridiculous article. The best thing that could happen for the world is a Shiite/Sunni war, long and bloody. Keep them hacking off each other's heads in their own part of the world and out of ours.

Inadvertently the best thing that's come out of the Odumbo administration.

North America has more than enough oil/gas to supply the world.
Jan 18th, 2016 - 01:40 pm - Link - Report abuse 0
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