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The Forum > Article Comments > The bullish and bearish case for oil > Comments

The bullish and bearish case for oil : Comments

By Nicholas Cunningham, published 20/4/2018

While Barclays believes the risk of a disruption of Iranian supply is overblown, Goldman Sachs has a more nuanced take.

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Almost too much bull to bear in this C.R.A.P. Our foreign oil supplies could be cut off in heartbeat b the outbreak of hostilities in the middle east. And we would be far better served by replacing now dubious and price gouged foreign supplies by local alternatives. And with low-cost energy, say MSR thorium as the preferred heat source can turn almost worthless thermal coal we can't give away to ready to use locally produced, affordable substitute? Thus saving ourselves around 26 annual billions, importing something we cannot rely on as guaranteed supplies, all while we import people for whom there will be no jobs very soon. We can replace all imported supplies, with a local variant we won't run out of for over a hundred years. One notes that during the second world war, what defeated the mighty German army was not the lack of men, machines or superior technology just fuel to run their weapons of war. and here in Austalia have insanely committed to selling our gas and coal and importing foreign fuel supplies in their stead. To our own financial and economic disadvantage and exported industries and jobs!? Alan B.
Posted by Alan B., Friday, 20 April 2018 10:59:49 AM
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