Sunday, January 08, 2012

Iran Sanction Effects

SocGen issued a report on the effects of sanctions on Iran and oil price. We could see $4.50 to $5.19 per gallon gasoline in the US in these scenarios. My daily commute cost would rise from $13/day to $20 or $23 per day. The alternative is a nuclear armed Iran. I like Israel but I don't think that I'd pay $7-10 per work day to keep them around in this modern world. Maybe it's best that Iran chucks nukes at Israel, contaminating the entire Middle East and killing a large chunk of the population of that part of the world. Dunno.

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