I think it’s time for the shorts to squeeze the longs in the oil markets. An extra million barrels a day by early next year would be a major dent. That’s almost $100 million per day at current market prices. Say Iraq’s cut at the well head is $40 million a day X 365 days that’s $14,600,000,000 or about $550 per man woman and child, a nice jump in that part of the world.
Bush’s fault ping.