|School: Oil Crisis News from Around the World Quest 01: Oil Crisis News Task 01: Submit your articles here|
|updated 3/4/2003 4:51:00 PM by Earl M.|
|Report: A Crude Blow - Prescient Forecast by Independent Strategy|
|David Roche of Independent Strategy has been on CNBC Squawkbox today saying that the whole idea of Iraqi oil becoming a swing producer is untenable. He suggests that the geology of Iraq means that, regardless of its reserves, it will never be able to pump more than 3 million Barrels of oil per day, ever.
In this report he reviews the economic and political prospects for the attack on Iraq and is very clear that he does not see any good outcomes in either area.
File Attachment: A Crude Blow Report
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