GREY:ENGFF - Post by User
Post by
steadfaston Nov 08, 2010 3:00pm
506 Views
Post# 17675398
Byron King forecasts oil $220
Byron King forecasts oil $220I would encourage you to read Grovers post on UNX BB ll/5 2:01 " StillCirculating"
Byron Kings first part talks about UNX
but you can skip that and scroll down to the bottom
The New War that could rocket oil past $220
His bottom line: Iran has Saudia surrounded, they are a sitting duck. If the Strait of Hormaz
gets closed, 90% of oil coming out of Middle East pass thru the Strait, that is 17M barrels
each and every day. The next could be Gate of Tears - 3.3M bbls shipped each and every
day. It is worth a read. Hopefully, this forecast War does not come about, if he is right
he forecasts oil could reach $220 bbl.