Quote:
Originally Posted by DieselAddict
Why do you doubt oil could go to $200 a barrel if war breaks out? Israel's recent mini-exercise alone caused oil to shoot up by 5-10 bucks. I would say $200 is a very conservative estimate if real war breaks out (without nukes).
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It could go there but I doubt it is in OPEC's interest for it to go there. As such, they might just up the pump and lower it. Didn't they just do something like that to bring it down a little since too high an oil price might not be in their best interest?