Almost word for word, this is the scenario I have been warning about for eight years. Thus far, our species has done little more than prove itself very predictable, and very worthy of deselection. I fear there may be no time left to change the way money works. If that is true then the outcome is almost a certainty. -- MCR
"Oil consuming nations, hedge funds and big oil refineries are quietly preparing for a Doomsday scenario: An attack on Iran that would halt oil supplies from OPEC's second-largest producer.
Most political analysts and oil traders say the probability of military action is low, but they caution the risks of such an event have risen as the West and Israel grow increasingly alarmed by signs that Tehran is building nuclear weapons.
That has Chinese refiners drawing up new contingency plans, hedge funds taking out options on $170 crude, and energy experts scrambling to determine how a disruption in Iran's oil supply -- however remote the possibility -- would impact world markets."