Oil shockwave simulation: Blogger's site provides a link to disussions of former whitehouse cabinet officials and national security people. Simulations indicate that a 4% cutback in world oil production would likely result in oil prices going from $58 to $161/ bbl. Iran and Nigeria are current hotspots. Iran alone accounts for 5% of world production. US is particularly vulnerable as it has only 3% of reserves but uses 25% of world production. The blogger likes ARD and that is one I also own. I bought it after they reported a very large increase in estimated oil reserves last year.
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