War ‘would mean biggest oil…

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…

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