MitsuStyle - View Single Post

Onefast99gsx · 01-29-2006

If Iran gets pissed off because of U.N. not allowing them to do nuclear research, they may cut off their supply of oil to OPEC. Roughly, it's a nickel increase for every dollar that oil goes up per barrel. So if oil was at $58 right now, that would be a $204 more, which would be over $10 more than what we pay now. $12/gallon. Yikes! It would be a doomsday scenario but the impact on the economy would be devastating.

01-29-2006	#12
Onefast99gsx Join Date: Sep 2004 Location: Wisconsin Posts: 1,411	Re: $262/barrel Oil If Iran gets pissed off because of U.N. not allowing them to do nuclear research, they may cut off their supply of oil to OPEC. Roughly, it's a nickel increase for every dollar that oil goes up per barrel. So if oil was at $58 right now, that would be a $204 more, which would be over $10 more than what we pay now. $12/gallon. Yikes! It would be a doomsday scenario but the impact on the economy would be devastating.