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The price of oil: It’s bad news for the Middle East

Posted on 07 October 2013

The oil markets are feverish again because of events in Syria, Egypt and Libya. There is talk of $150 per barrel and dire predictions about what that all means for the future.
But let’s take all that with a pinch of salt. First, because markets are uncaring beasts and if past experience is anything to go by, have already factored in a strike in Syria. Nassim Nicholas Taleb relates in his latest book “Antifragile” how one of his mentors, “Fat Tony”, made his fortune because he bet on oil prices actually dropping in 1991 when the US went to war against Saddam Hussein for the first time………………………………………..Full Article: Source


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VRS - who has written 39041 posts on Opalesque Commodities Briefing.


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