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delite1

How Would A Terrorist Attack

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There seems to be talk of an expected attack on Saudi.

Any views

$64/ barrell

http://news.ft.com/cms/s/ebb3f0dc-082c-11d...000e2511c8.html

A significant attack on Saudi oil infrastructure, taking a few million barrels per day off their 9.5 million barrel per day total is possible and would completely devastate the world, much worse than the '74 or '79 shocks. I'm not sure I can even image what would happen if the world lost a few million barrels supply overnight.

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As long as the central banks keep on flooding the economies of the world with money demand for oil and speculative purchase of oil and other commodities to guard against inflation will continue.

If the theories about peak oil are correct then to offset major supply problems exactly the reverse should be occuring now - we should be looking to flatten demand for oil in order to buy time to put effort and resources into renewables improve the efficiency of what we already use.

Part of China's competitive dvantage is that in general they don't give a damn about pollution control or the efficient use of energy or indeed the the working conditions of a great number of their worker - all part of the reason why they are such a cheap production base.

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There seems to be talk of an expected attack on Saudi.

Any views

$64/ barrell

http://news.ft.com/cms/s/ebb3f0dc-082c-11d...000e2511c8.html

Some middle east experts say it wont happen Muslim against Muslim.

So if it did happen and it was a big bang then i would expect oil to hit $100 within a day or 2.

It could be a big shock on the scale of 9 11.

I would expect an attack on a US oil refinary myself.

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Guest Bart of Darkness

Buy a large supply of candles.

Make sure you don't overfill the freezer (spoilage)

Check that your locks will withstand an attack by gangs of looting chavs.

Buy gold.

Pray.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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