NBC News: $300 - $400 Oil If Iran Attacked

Posted by PIMPIN TURTLE at 7/7/2008 7:14 AM and is filed under THE WAR MACHINE,Money,Big Business,OIL EMPIRE

Business and Media Institute

The consequences of a military attack on Iran to thwart its nuclear intentions could have a devastating economic impact.

NBC News chief foreign correspondent Richard Engel warned on the July 1 “NBC Nightly News” an attack by Israel could send oil prices soaring – sending gas prices into territories never imagined.

“I asked an oil analyst that very question,” Engel said. “He said, ‘The price of a barrel of oil: Name your price – $300-$400 a barrel.’”

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