Oil 400 dollars a barrel...likely says the analyst..
@saivenkaat802003 (4823)
India
June 27, 2008 2:50am CST
This possibility is not ruled out.... and the analyst say.. it may touch..i mean will sky rocket to this rate...when Iran stops its production..
Why must it do so.. where there are "threats against Iran," where US and European officials suspect that authorities may be trying to develop nuclear power for military purposes"
But this is a remote possibility that cannot be ruled out.. And in near future the price of oil may spike further to $ 170 or $ 180 per barrel..
http://www.asianage.com/presentation/leftnavigation/news/business/iran-war-may-push-oil-to-$400.aspx
If at all this happens i can't think of what will happen to economy of many countries which are already facing stiff rise in price of essential commodities..and rising inflation.
1 person likes this
2 responses
@vanities (11395)
• Davao, Philippines
28 Jun 08
i guess the international community is right in their assumption that Iran is developing a nuclear power..im too is scared what will happened to us if the oil price will not be tamed or be atleast control..
@saivenkaat802003 (4823)
• India
28 Jun 08
Ho..ho.. I got it answered... thank you so much....
Regarding this... it is not unusual for Iran to have nuclear power, as almost all the countries in the world has developed.. may be to prove their strength....
Also, other than Iran, the Nigerians workers are also, threatening to go on strike.. if this occurs sure.. the oil price will sky rocket and definitely cars and bikes will find place only in Museum.
Take care friend.
