| world-wide demand. As such, it will do nothing for the price. It is estimated that there is a $35 to $45 "fear factor" in the current price. Peace in the ME would probably reduce that premium a lot. For peace to happen, the US will need to get out of Iraq and sign a non-aggression pact with Iran, that lets Iran have all the nuclear capability they already have. Israel will have to sign a non-aggression pact with Iran, abandon the WB and sign a definitive peace agreement with the Palestinians. Never happen you say? Just you watch as oil becomes more expensive, the US will make a 180 turn and force Israel to comply. The future is coming at Israel full speed and it had better make the best deal possible now, before it has to deal with a gun to its head. |
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