[Old Teufel Hunden]

"It wouldn’t take much to reverse the trend in oil pricing, shutting down the Strait, taking out a few Iraqi, Saudi Arabian or and Kuwaiti facilities would have a nice ripple effect."

That used to be the case. However, look at the current Middle East instability. We have ISIS rampaging all through Iraq, the Syrian civil war and in North Africa Libya is nowhere near it's production output since the downfall of Khadaffi. If these things were happening 10 years ago, prices would have been through the roof, yet, we have an oil glut. I think that if the Iranians shut down the strait of Hormuz for a few days and then we blew the rest of their Navy apart to open it up, it would have barely a ripple in the oil market.

[fatez]

Yeah, which is why I think it will take the Iranians destroying a few Saudi facilities rather than the Strait. We live in interesting times...