who knows what could happen .. so many scenarios ..
saudi oil could easily be removed from the market .. a few dozen missiles and a few hundred drones .. and that would close down the saudi oil infrastructure .. and then block the straits of hormuz ,,,
the iran/china rail has been completed .. and iranian oil is going to china via rail ..
for what it is worth, but a couple of years ago, there was a report that if russian oil was removed from the market.. then oil price could reach $500 per barrel .. the demand for oil is not elastic
mmm price of gold over $3400/oz (american $$$'s) and oil prices up
mmm apart from being a large oil producer.. but russia happen to mine a lot of gold
ie 310,000 kg
mmm 32 troy oz per kg mmm so about 1m troy oz
mmm 1m troy oz x $3,400/oz = ???? (too many zeroes for watso's calculator)
