Schork Oil Outlook: Rate Hike Will Eventually Hit Oil Prices  As
Yogi would say, it’s like déjà vu all over again.  The Evening
Standard, June 18, 2008:  The oil minister who headed the Saudi
Arabian oil industry from 1962 to1986 and became a household
name during the oil crises of the 1970s, Ahmed Zaki Yamani,
today predicted prices could double to $300 a barrel.  Reuters,
April 5, 2011:   Oil might be headed to $200, $300 or $? for
that matter. Why not? After all, $300 Brent crude oil translates
into consumer diesel prices of only around €2.34/L in Germany
and £2.76/L in the U.K. What’s the big deal?  Bear in mind,
Yamani’s forecast is predicated on the conjunction if, as in… if
wishes were horses then beggars would ride.  To this effect, if
Saudi Arabia is not hit by serious political unrest, oil prices
on the Nymex could rocket to $89.77 - $87.88 (which is the
February 18th/22nd gap). Nevertheless, be prepared, now that
Yamani has once again given the all-clear signal, sky-is-the-
limit price forecasts fro