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Is something very ugly brewing in the Persian Gulf that will dramatically push oil prices up later this year? Is a real shooting war between Shi’ite and Saudi Wahhabi oil states brewing? Until now it has been a proxy war in Syria primarily. Since the execution of the Shi’ite cleric and Iranian storming of the Saudi Embassy in Teheran, leading to a break in diplomatic ties by Saudi and other Sunni Gulf Arab states, the confrontation has become far more direct.
Dr. Hossein Askari, former adviser to the Saudi Finance Ministry, stated, “If there is a war confronting Iran and Saudi Arabia, oil could overnight go to above $250, but decline back down to the $100 level. If they attack each other’s loading facilities, then we could see oil spike to over $500 and stay around there for some time depending on the extent of the damage.”
KITA LiHAT
DAN TUNGGU
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