A recent front-page article in The Financial Times warned of the prospects of $200 oil. The respected financial publication predicted that any further tensions between Iran and the West -- including a bombing raid by Israel to take Iran's nuclear facilities off-line -- would quickly create chaos in the oil pits. After all, Iran is the world's third-largest exporter of oil (after Saudi Arabia and Russia), so any shutdown of oil production in that country would create a sharp shock in the tenuous balance between supply and demand.