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Originally Posted by JohnnyD
I've had a few clients that host conferences about clean energy. I leave on Sunday to go to Atlantic City for yet another one. One thing that is always referenced when considering new technologies is the price of oil. Things like "This technology is projected to be of comparable costs when oil is at $120/barrel" is a frequent mantra.
I've read that if Iran were to close off the Strait of Hormuz, oil is projected to spike to around $145-160/barrel and then settle $130-150/barrel. If that happens, mark my words, bills about clean energy will be back in Congress and a major call for more clean energy will happen.
I'm not much of a conspiracy person, but Iran "initiating" war would be an ideal case for Obama. Just as was stated during Bush's run for a second term, no president has lost a reelection while the US is at war. Also, after being reelected, oil prices would be through the roof and Obama's clean energy initiatives would actually be more affordable than oil.
Granted, there's a lot of speculation and hearsay in the above, but crazier things have happened. Stay Tuned.
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You make some very compelling points. But I expect gas to hit at least $5 this summer, and that's right when folks will be thinking about the election. $5 gas will not play well for Democrats. If this wasn't an election year for Obama, $5 gas would indeed be good or his green energy agenda (even though it would be bad for all of us).
I never thought about a conflict increasing his chances...
Good luck in AC, don't chase any inside straights.