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This Middle East Meltdown Will Send Oil to $300 a Barrel – and Pump Prices to $9.57 a Gallon

By , Global Investing Specialist, Money Morning -

The unrest in the Middle East oil patch is roiling the global oil markets on an almost daily basis.

The events in Egypt, Libya, Saudi Arabia, Oman and other countries are also forcing us to ask that long-dreaded question: What happens if the countries throughout the Middle East region fall to radical governments?

The answer is both stunning and surprising.

In an absolute worst-case scenario - if the entire Middle East falls under radical control - we could be looking at $300-a-barrel oil and pump prices of $9.57 a gallon. Definitely a stunner.

Here's the surprise: Even such a worst-case outcome would not result in the end of Western civilization as we know it. In fact, you can hedge against such a meltdown - just follow the recommendations that we detail below.

For two moves to make now, please read on...

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