OPEC Warns War With Iran Would Cause 'Unlimited' Oil Price Hike
Saturday, July 12, 2008
"It is impossible to replace the production of Iran," OPEC's No. 2 producer, Abdalla Salem El-Badri told reporters at the presentation of the organization's long term oil market outlook. “The prices would go unlimited ... I can’t give you a number.”
The United States and Israel have not ruled out a military strike on Iran as a last option if it does not give up uranium enrichment and heed other U.N. Security Council demands meant to dispel the fear Tehran wants to make nuclear arms.
Tehran produced just over 4 million barrels of crude a day last year — more than 10 percent of OPEC's total production...
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Comment: Sometimes one says as rhetorical figure that this or than implies "unforeseen consequences", yet this formula may exactly express was is in in the case of a military attack on Iran.
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