All great points Sledge.
Let's keep in mind that 60% of Iran's crude goes to China
http://www.iags.org/china.htm and I think that 10-15% of Iran's crude goes to Russia.
Mmmm it's interesting that when ever the UN wants to put pressure in Iran these two perminate members of the UN say, "no."
Now on the opposite side of the fence about 60% of Libya's oil goes to the EU
* About 32 percent of Libya's oil goes to Italy, 14 percent to Germany, 10 percent to France and China and 5 percent to the United States.
http://www.reuters.com/article/2011/03/16/libya-oil-idUSLDE72F22G20110316...Now you know why NATO was in Libya.
OK with the collapse of the EURO emanate and Israel ready to drop the big one on Iran which will piss off China and Russia; oil prices will go through the roof. Consequently our last bastion of wealth, the stock market will collapse.
OK lets see: The US Dollar is down graded; oil will exceed $150- a barrel; the EURO will cease to exist; Dow Jones will collapse. So what do we have?
Different story but connected. I was at the only supermarket within 10 miles of my BOL last week buying a few grocery's. I was there about 9 O'clock or so and this small grocery store's aisles were packed with box's of food and a lot of employee's putting it away.
I needed some flour and there was a cart in front of the shelved flour so I had to move it to grab a 5# bag. An employee ran up and moved the cart and said, "I am sorry sir."
I told him no worries and then I said, "boy your shelves are really empty. I am sure you are glad that your weekly order came in to put on the shelves."
He replied, "Oh, we have daily delivery's and the shelves look like this by evening every day." I replied, "no way!" and he said, "Yeah we don't get shipments on Saturday or Sunday so by Monday morning our inventory is half of what you see now."
Holy shit man, this may be our last Thanksgiving or Christmas as we know it.
Just some food for thought.
