If this happend JPR would be looking real good!!!!!
In the Middle East, hope springs eternal, but Saudi oil will not.
In fact, Saudi Arabia's fabled "oil surplus" could run dry any day now ? well before it can save us from a monumental energy crisis.
How bad is it in the Middle East?
In Libya civil war is breaking out. Protestors are dying in Yemen and Bahrain. The police are tear-gassing dissenters in Iran and Kuwait. And even stable, wealthy Saudi Arabia is witnessing almost daily demonstrations.
The peaceful protests that toppled President Mubarak's regime in Egypt will not repeat in other Middle East nations. Col. Moammar Kadafi has made that clear.
The crisis in the Middle East could last for years. And the Libyan civil war could be only the first of many bloody conflicts in the region. Saudi
Arabia is already ramping up oil production to make up for the 1.8 million barrels per day lost in the Libyan civil war.
But what happens if Tunisia's temporary government collapses into violence? That would mean 91,000 barrels of petroleum per day disappearing from the oil markets.
What if the foreign workers who make up 50% of Kuwait's population decide they've had enough? Another 2.5 billion barrels per day gone.
Or worst of all, what if Iran's pseudo-democracy finally turns on its own citizens? The world would lose a whopping 4.2 billion barrels per day.
Can Saudi Arabia make up for all of those shortfalls and supply the growing demand for petroleum in China, India and the rest of the emerging world?
The Middle East is erupting in violence. And even the mighty hand of OPEC can do nothing to stop it.
Oil prices are already rising. Saudi's promise to replace lost petroleum production hasn't calmed the markets. And oil futures are continuing to go up. Could oil traders know something you don't?
Our latest report uncovers the real uncertainties the oil markets are now facing. And how it will personally affect you ?and your family.
In fact, one very important Arab nation is already losing the battle to appease its angry population. And if this country falls into chaos, 25% of the world's petroleum supply ? more than 20 billion barrels per day - could disappear in less than three days.
That could immediately drive oil prices to $300 per barrel causing US gas prices to spike to $10 a gallon. The Saudi oil surplus wouldn't matter ? because all of Saudi Arabia's extra oil would be held hostage by a country smaller than New Mexico.
Learn what oil traders know and why oil prices could hit $300 per barrel in coming months.
It's all in our latest free report.
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