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Re: snowcrow post# 4593

Thursday, 03/29/2007 9:21:21 PM

Thursday, March 29, 2007 9:21:21 PM

Post# of 45178
Oil closed at $66.46. Does anyone really think the problems in the middleast will get better anytime soon? Like while we are trying to stop Iran from getting a bomb or after we fail and Iran has a bomb? Seems the most that we can hope for --- once we extract outselves from the current foriegn policy debacle in Iraq --- is to head up a rational containment policy via the Gulf Cooperative States and try and reign Iran in. Similiar to the cold war, this type of containment policy could last for the next half century. That's how peace is going to look, one long continueing cold war with the super powers jockeying for position in competition for the world's most basic energy comidity. The "security" premium now being paid for oil is not a temporary thing. Combine that with increasing demand and decreasing supply, the fact that oil is a finite resource, and we have only begun to glimpse the future. All BD needs to do is run an honest operation and pump oil!!!