Quote from Joab:
I agree and you seem to know a lot about the situation.
What's your forecast on how this may play out ?
I think that if anybody is going to do anything in the near future, it will be the Israelis with US permission. They have a history of going in and taking care of the business nd are already hated throughout the region. Also, it is in their best interest to take care of the situation or at least try to. If they try to take out the sites and are unsuccessful, Iran will surely retaliate against Israel, which will give the US a pretext to go in and punish Iran. If they are successful, Iran will retaliate against Israel and then the US will punish Iran by destroying its infrastructure. There is nothing like causing 20 billion $$$ in damage to a country that is rich in oil. They will have to re build and spend that oil money doing it. Win, win situation. Iran's nuclear program is destroyed, 50% of infrastructure is in ruins and will keep the government of Iran busy rebuilding for the next 5 years, pumping oil to be able to buy equipment. Oil, after a nice spike to $100/barrel (which will allow the oil companies to profit nicely for a quarter or 2 and hence be in a happy and content stage - remember this is also important to GWB),will go down to $60 which will look ike a success after being at the $100 mark. And last but not least, Israel will once again illustrated that we can count on them and the Iranian nuclear thread would be eliminated. Case close, everybody is happy, ....but the Iranians.
Well, this is what I think will happen. Hope this will help you in mapping any further log term trading strategies