If such a scenario were to be played out, oil would find itself at a sustained level far beyond what we are seeing at the moment.
Whilst the western world may be able to secure oil in Iraq and elswhere for the survival of its economies one must ask, at what price?
Will we have a recession? Depression? Further wars? The costs associated with such disruption would be horrendous.
The price of Gold would undoubtedly be through the roof.
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