Outcome Grim at Oil War Game

By John Mintz

The United States would be all but powerless to protect the American economy in the face of a catastrophic disruption of oil markets, high-level participants in a war game concluded yesterday.

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China is investing in oil the rumour they are moving twords Euro or Yen to buy oil I have no idea if its true.

Here is the info the fuels the rumour or partial fact untill more details come out.
The National Iranian Oil Company is entering or will enter the oil exstange and become a major hub they plan on buying with Euros. They plan on an Iranian bourse. They plan on opening this by March 2006 thats the word to the streets.

AND CHINA IS PART OF THE TAKE OVER AND THEY PLAN ON BUYING AMERICAN COMPANIES.

I an certain the recent supreme court ruling will help the investors if they use this option they may or may not can we take a chance.

Yup. CEO's offer for UCL is kinda scary.

My suggestion: wait for oil prices to retreat to below $50/barrel (they will- even if peak oil's going to hit in the next six months), buy up enough oil and coal stocks to cover your consumption of energy (it'll cost you around $3K-$4K in well-placed investments; I like APA, REP, and CVX right now.) and stop worrying. If gas prices hit $50/gallon, you'll wind up owning profits that'll make up the difference between that and $1.50/gallon for your consumption.

As long as you own the commodities that are getting scarcer, you're going to be fine.