War ‘would mean biggest oil shock ever’
“The world will suffer a bigger oil crisis than that during the Arab-Israeli conflict of 1973 if the US declares war on Iraq, according to leading US investment bank Goldman Sachs.
“A war could drive crude oil prices up by an additional $10-$15, or 30 to 50 per cent [to $46],’ says Goldman’s report, ‘More Perfect Storm than Desert Storm'”.
Need I add that Goldman Sachs are not exactly wild-eyed radicals…