Diversified Oil and Gas Holdings (DVFI)

[arch_oil]

Oil futures over $78 headed for $90 before any real pullback occurs. A new tropical wave is expected to move into the southern carribean this weekend then develop into a storm. The track has sit moving into the Gulf of Mexico late next week.

Israel has been warned by Iran to stay away from Syria. If things escalate here in the next few weeks we may have a nuclear event developing in the middle east. Israel wants nothing more but to take out Irans nuclear facilities and this will be the excuse to do so. Iran will invade Iraq and take over the country killing thousands of US soldiers with chemical weapons. I'm not liking this one bit but Oil will run to about $200 is all this comes together. Gasoline will be over $15 per gallon in the US.

What will Bush do then ? I know. Nuke Iran. Well, Russia and North Korea may have something to say about that. We could have a full scale nuclear war here is the next few months all because Israel has 2-3 soldiers held captive.