another trillion Q. - If oil supplies are so tight already that OPEC - cannot do without Iran - (which contributes less than 5% of the world's oil) -
how will the world meet fast rising demand - from the developing world over the next few years? -
And with supplies so tight - why cut back on development ... unless you already know - you've reached a permanent peak - and can't raise output - no matter how hard you try? -
The head of OPEC, Abdalla Salem el-Badri, said it all last week.
On the one hand, he admitted that OPEC could not make up for the loss of Iranian oil, in the event it goes offline.
On the other hand, he said that OPEC might halt investment in new oil production capacity.
UPDV has what it takes -
UPDV the Q. Will Israel attack Iran? Or is the U.S. secretly planning to make peace with this rogue nation?
Either way, what will these events do to oil prices?
That's the trillion-dollar question these days.
But buried in a recent New York Times article on the subject is the deeper truth that shows that –
no matter what action Israel, the U.S., or Iran takes –
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