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Article: Analysts Expect Sharp Spike in Oil Prices if United States Invades Iraq.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 13, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Christina Hoag, The Miami Herald Knight Ridder/Tribune Business News
Oct. 13--As Washington's war drums beat ever louder, the big question is not whether oil prices will soar if the United States invades Iraq: It's for how long.
Energy analysts fully expect prices to spike -- some say as high as $60 per barrel -- at the outset of an attack, but then the scenario gets blurry.
"There are a lot of wild cards," said John Kilduff, oil analyst with Fimat USA.
The key question, as oil observers see it, is not if the United States would win a war with Iraq, but how much of a fight Saddam Hussein will put up -- and how far the ...