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The Great Zero-Zero Decade Oil Party

War with Iraq. Trouble with North Korea. What will happen next? According to one source, there will be a war with Iraq and oil prices will soar to $50 a barrel or so, but the government of Saddam Hussein will quickly be toppled. The new interim government will sign oil deals all over the place. The Venezuela situation will resolve itself, making that oil available again. With a lot of oil available, and with high oil prices, people are going to want to produce gasoline and other oil products all over the place. The result will be a gusher of oil to the world, mainly the developed world, and prosperity and a bullish stock market will return. This will happen in late 2003 into 2004 and 2005. If this happens, I will call it the Great Zero-Zero Decade Oil Party. Wheee! But the hangover of the runout of cheap oil will ominate after this party is over. We will be living as though there is no tomorrow. There really ought to be a better way.