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Oil to Hit $65 per Barrel if Iran Attacked, Economist Warns

Posted by: Michael Dudley
Thanks to: Michael Dudley
6 February 2005 - 11:00am

Repercussions to global economy could be worse than those of the Iraq war.

"Mark Cliffe of investment bank ING claims that even if market responses in the build-up to the Iraq conflict are repeated, oil could surge to nearly $65 a barrel -- slicing almost 1% off global economic growth in the first year."

Full Story: War in Iran 'would dent world economy'
Source: This Is London, January 30, 2005
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Does smart growth measure up? Not across the board.
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