PPRuNe Forums - View Single Post - Iran Threatens to Close Strait of Hormuz
View Single Post
Old 29th Jan 2012, 14:25
  #458 (permalink)  
500N
 
Join Date: Jan 2008
Location: Australia - South of where I'd like to be !
Age: 59
Posts: 4,261
Likes: 0
Received 0 Likes on 0 Posts
"Sure. Enough oil will be supplied by somone from somewhere.

If Iran stop selling it to us though, it's just going to drive the price ever higher thanks to the spivs and speculators, ermm gallant traders I mean.

About the last thing we need."

Saudi Arabia and others have excess capacity, they could increase production and dump more oil on the market to fill any void with the corresponding decrease in the price.
500N is offline