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Oil could reach as high as $4.37/gallon

by Noble DraKoln, futures analyst

Over 30 years ago, October 17th 1973, The Organization of Petroleum Exporting Countries (OPEC) shut the valve on oil to the United States.

The price of a gallon of gasoline went up by 400 percent. United States Citizens were forced, by law, to conserve energy. What triggered that event, the Arab-Israeli war.

It's starting all over again. President Bush is frustrated at our inability to bring Iraq to stability even though we have placed 250,000 troops in the area.

On the other hand, our Arab allies are frustrated that Bush is uninterested in completely resolving the Israeli-Palestinian conflict and the failing occupation of Iraq.

In their minds, the United State's war against Iraq and Israel's war against Palestine are linked, and they are beginning to come to the same conclusions that Saudi Arabia's King Faisal came to in 1973.

With just the hint of war, we have already seen the price of gas go up 69 percent and the price of a barrel of oil reach $40. When that first shot was fired, a barrel of oil soared in price. Now that we can not stabilize the region, as one shoe leads, the other follows.

The Arabs will finally protest against the mismanagement of Iraq and the failing resolution of the Israeli-Palestinian conflict, not with picket signs, but with an oil embargo. Oil can easily reach $50-60 per barrel.

Gas at the pump could be as high as $3-4/gallon. Only savvy investors will know what to do. In fact, United Parcel Service, along with other major corporations, have already purchased gasoline future contracts to protect themselves.

About the Author
Noble DraKoln is the author of the best-selling books Futures For
Small Speculators and Single Stock Futures For Small Speculators,
available on He has been a futures investor,
broker, and analyst for almost 17 years.

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