Iran Transferring Foreign Cash Reserves
The Showdown at the UN Security Council is Fast Approaching

For anyone who doubt the seriousness of what's going on in Iran then this should remove all doubt. The Goldman Sachs call yesterday for $70 oil in 2006 will be a significant miss as the spike in oil prices blows pasts this number.

I was reading the other day that Northwest Airlines intends to exit bankruptcy and become profitable in 2007. Their business plan projects $65 oil for 2006 and $60 from 2007 to 2010. The executives at NWA will be in for a very big surprise when oil is DOUBLE their estimate. The execs at this carrier say they are ill prepared for a strike. Their real problems are not the employees but rising oil. This is going to be true for every major carrier going forward.