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Page added on December 30, 2006

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Peak Oil Passnotes: 2006 – A Year of Confusion

Firstly the Republican administration has had its wings severely clipped. This has put a dampener on the geo-political situation affecting the oil price. An attack on Iran seems less likely, the people who could make that attack happen are really the regime in Iran. If they were bellicose enough to force the Europeans to support an attack then it could still happen. For America, Britain and Israel to go it alone and simply bomb them would seem to create more problems than even the Bush administration would like to see.

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