US Iraq Campaign Has Its First Engagement, page-5

  1. 3,800 Posts.
    Be careful re oil stocks.

    An article I saw on the weekend talked of plunging oil prices. If Saddam is ousted, Iraqi oil will flood the market. Prices to fall in this scenario.

    Sure short term prices may go up if a preemptive happens, but if it looks like will be all over quickly, oil prices will revert bacwards quickly.

    Kuwait episode a prime example. Oil prices only rose for 24 hours then retraced pretty quicky.

    Cheers
    ACTURTLE
 
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