posted on Mar, 12 2006 @ 10:14 AM
Well this Iranian Oil Bourse is just great news to me. With the tensions between the US/UN and Iran already, I am fairly sure they are going to
call sanctions against Iran just for their nuclear ambitions. I already have my finger on the trigger, because as soon as that happens, oil prices
are going to skyrocket, and I'm going to cash in. Now with this bourse thing, it's going to be even worse (Or better.... )
Since the beginning of the whole Iran issue I have been waiting for this. I am going to put ALL my spare money into investments in oil. I have a
feeling it's gonna hit $100 (US, not Euro ) a barrel. Or if things don't go quite the way I figure, I could lose all my money. Oh well. I missed
out on the huge surge in price after Katrina, but I'm not gonna miss it this time .
To be honest, I don't think the Bourse will do that much though. The fact that the US is going to call sanctions against Iran will do much more. The
bourse doesn't matter that much, because there will still be exchange rates, currencies, etc. Iran just hates the Americans so they don't want to
use the US dollar. I don't think this is going to ruin the US dollar, or even devalue it much.
Disclaimer: Actions represent the actions of Yarcofin and are not recommended for others. Yarcofin is not responsible for your substantial
gains/losses, should you choose to invest in oil/the energy sector
[edit on 12-3-2006 by Yarcofin]