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Events in the Middle East and Japan could push oil to $200, warns Russian finance minister...

Events in the Middle East and Japan could push oil to $200, warns Russian finance minister Alexei Kudrin. Japan will be importing significantly more oil, and Saudi Arabia's military intervention in Bahrain may provoke a response from Iran. "Much worse headlines can easily be imagined," says an RBS analyst.
Comments (11)
  • coloneldebugger
    , contributor
    Comments (890) | Send Message
     
    seems to be a lot of interest in oil getting to $200
    17 Mar 2011, 10:02 AM Reply Like
  • jabamango
    , contributor
    Comments (65) | Send Message
     
    WOW, there's no way oil will go to $200. We'll hit a recession when it hit 170. Don't forget U.S. emergency reserves.
    17 Mar 2011, 10:04 AM Reply Like
  • coloneldebugger
    , contributor
    Comments (890) | Send Message
     
    i can't see oil getting to $150. there are too many oil rich african countries ripe for the picking.
    17 Mar 2011, 10:16 AM Reply Like
  • losbronces
    , contributor
    Comments (617) | Send Message
     
    I hope he is wrong about a possible Iranian response. I know they would love to create a Shia crescent around the "Persian" gulf, but the timing doesn't seem right.

     

    One can always imagine worse headlines, its not difficult given the current state of global affairs and the proliferation of nuclear weapons.
    17 Mar 2011, 10:05 AM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    What is Iran is going do? Send there 10 feet gun boats. Did they heard about Tomahawk Missiles.
    17 Mar 2011, 10:16 AM Reply Like
  • tigersam
    , contributor
    Comments (1711) | Send Message
     
    Kudrin wishing it will go up 200 so russian can make money. But there is so much corruption in Russia, even 300 will not bring their economy up. But Kudrin swiss account will go up.
    17 Mar 2011, 10:18 AM Reply Like
  • svosavvy
    , contributor
    Comments (413) | Send Message
     
    I would take this headline with a grain of iodized salt.
    17 Mar 2011, 10:25 AM Reply Like
  • Bozerdog
    , contributor
    Comments (464) | Send Message
     
    There will be $200 oil within the next 24 months. People used to say: I can't believe it's $30, I can't believe it's $80, I can believe it's $100. $100 is the new norm and anyone who thinks it won't double in the next couple years needs get off the bench. Long XOM.
    17 Mar 2011, 10:51 AM Reply Like
  • Duude
    , contributor
    Comments (3358) | Send Message
     
    Whether there is enough to support a $200 price is questionable. But the last person I'd ask would be a Russian official. The Russian economy is every bit as dependent upon oil prices as is any middle eastern nation. If it weren't for its natural resources Russia would be as prosperous as North Korea.
    17 Mar 2011, 11:19 AM Reply Like
  • Bozerdog
    , contributor
    Comments (464) | Send Message
     
    It may not support that price but will hit it. There has been no supply shortage and the price has jumped well over $100 recently...wait till there is one.
    17 Mar 2011, 11:50 AM Reply Like
  • cash
    , contributor
    Comments (442) | Send Message
     
    Saudis are there in Bahrain to maintain the status quo of oppression. Wouldn't Iran be considered a liberating force by the locals somewhat like our liberation of Kuwait from Saddam? Iran has its agenda, but so does every other country including us. Unfortunately the local people are the pawns in this game.
    17 Mar 2011, 12:12 PM Reply Like
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