So, what happens to the price of oil if Iraq falls to Al-queda insurgents?
Bakken oil fields are sufficient to supply us for 40 years. Stop the wars and tap into our own supplies.
$105 is my exit point for profits only.
Mideast turmoil causes oil to pass $106.50 this am.
An unstable Iraq would lead to higher petroleum prices. In my opinion.
Sentiment: Strong Buy
"An unstable Iraq would lead to higher petroleum prices"
You're absolutely correct!