codshit.com: War 'would mean biggest oil shock ever'

Monday 3 February 2003

War 'would mean biggest oil shock ever'

The world will suffer a bigger oil crisis than that during the Arab-Israeli conflict of 1973 if the US declares war on Iraq, according to leading US investment bank Goldman Sachs.

'The combined effect of Venezuelan and Iraqi disruptions has the potential to be the biggest shock in oil market history, even allowing for offsetting supply increases by other players,' says Gold man's respected analyst Jim O'Neill.

Crude oil prices of $31.10 per barrel - a two-year high - do not include any war premium, says the team. It argues that tight supply conditions, small inventories, and severe capacity constraints will see the price soar.

'A war could drive crude oil prices up by an additional $10-$15, or 30 to 50 per cent [to $46],' says Goldman's report, 'More Perfect Storm than Desert Storm'.

Full story...

Enlightenment

Do you feel like you're living in some Orwellian nightmare? Or perhaps you feel as if you're plugged into The Matrix? Well if so, you've come to the right place. No matter how messed up you thought the world was, by the time you've finished reading some of the things I've found on my travels in Cyberspace you'll realise that 1984 was just a typo!

A note to the non-ravers out there: codshit is NOT a derogatory or insulting term and bears no relation in offensiveness to its four-letter cousin, it's a word used to describe the nonsense that people sometimes talk when they are off their heads. To understand what codshit is watch the film Human Traffic.

Comments are welcome, but before you waste perfectly useful energy abusing me please take a moment to reflect on the basic right we all have to express ourselves!

Please remember that I am not telling you what to think or believe, take everything you read here with a large grain of salt!

Wisdom

Americans have different ways of saying things. They say 'elevator', we say 'lift'...they say 'President', we say 'stupid psychopathic git'....
.: Alexi Sayle :.

If you confront the Universe with good intentions in your heart it will reflect that and reward your intent... usually... It just doesn't always do it in the way you expect.
.: G'kar :.

So there, we have figured it out, go back to bed America, your government has figured out how it all transpired. Go back to bed America, your government is in control again. Here, here's American Gladiators. Watch this, shut up. Go back to bed America, here's American Gladiators. Here's 56 channels of it. Watch these pituitary retards bang their fuckin skulls together and congratulate you on living in the land of freedom. Here you go America, you are free... to do as we tell you.
.: Bill Hicks :.

Let there be no doubt that the people of the free world are engaged in a war... In the next few years, we are either going to see the people of the free world rise up against these fascists, now setting the stage for global war, or we are going to see the end of democracy as we know it with martial law the end result.
.: David Shayler :.

Nothing will end war unless the people themselves refuse to go to war.
.: Albert Einstein :.

Wisdom