Have to agree with MC Camma
I think oil will have a floor of $95-100
For a bit of interesting reading google Iranian oil bourse (IOB)
What would be the consequence to the world (US in particular) if oil was traded in Euros not US dollars ?
US would be screwed me thinks, a total meltdown of the US dollar and a financial crisis that will make the current crisis look like a teddybears picnic.
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