4 scenarios for oil if Israel attacks Iran

Prophecy Sign:  The collapse of the world markets and skyrocketing food prices


What will happen when a major war breaks out in the middle-east? Oil prices through the roof, food prices will follow, and the global economy as a whole will be impacted at depression levels, (or worse).

James 5 warns us of a coming economic collapse and Revelation 6 informs us that food prices in the last days will be very expensive for those that can afford it, and for those that can't, famine.


From the article:
Fourth scenario: This is the “Doomsday” scenario. Oil prices soar as Iran responds to the attack militarily. Oil production is not only effected in Iran, but also throughout the region as the ability to move oil through the Straits of Hormuz is affected. PIMCO doesn’t forecast where oil prices will be in this scenario. “Forecasting prices in the prior scenarios is dangerous enough,” Mr. Sharenow said. “So, we won’t even begin to forecast a cap or target price in this final Doomsday scenario. Needless to say, even the modest Scenario 1 is enough to collapse global economic growth.”

“Although we cannot (and will not) predict whether an attack is imminent, or even likely, our experience and research tells us that any major disruption in the supply of oil from Iran could have either subtle or profound global repercussions,” he said. “Especially as excess capacity is virtually exhausted and we doubt that other OPEC nations would be able to compensate for a reduction in Iranian oil production.”

 

4 scenarios for oil if Israel attacks Iran

http://business.financialpost.com/2011/11/29/4-scenarios-for-oil-if-israel-attacks-iran/