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Thread: Iran/Israeli conflict and cost of oil

  1. #1
    Olympic Champ r.payton@att.net's Avatar
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    Default Iran/Israeli conflict and cost of oil

    We have 2 countries with nuclear capacity (supposedly ), zealots ,and we are imposing sanctions on iran , causing ,(supposedly ) the price of crude to sky rocket .We have NOT imported oil from Iran in a long time .So why the increase ? Our prices are set with the Saudis and Kuwait . So why are economists predicting $4 per gallon prices by summer ?
    Since Israel is , for all intents and purposes , our 51 st state , how are we not going to be involved ? Since China and Russia DO get their oil from Iran what role will they play ?
    2012, alternative 3 , COgovernment ,remote viewers ,Nostradamus all have one thing in common . 2012 is IT.
    You know, I think I would rather be a man than a god . We don't need anyone to believe in us. We just keep going anyhow. It's what we do.

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    Olympic Champ kr1963's Avatar
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    Default Re: Iran/Israeli conflict and cost of oil

    Oil prices at nine month high after Iran dispute - Business News - Business - The Independent

    Oil prices jumped to nearly 105 dollars a barrel - a nine-month high - in Asia today, after Iran said it halted crude exports to Britain and France in a dispute over its nuclear programme.

    Benchmark crude was up 1.75 to 104.99 dollars a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. Earlier in the day it rose to 105.21, the highest since May. The contract rose 93 cents to settle at 103.24 a barrel in New York on Friday.
    Brent crude was up 1.52 at 121.10 dollars a barrel in London.

    Iran's oil ministry said yesterday it stopped crude shipments to British and French companies in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran's crucial fuel exports. They included a freeze of the country's central bank assets and an oil embargo set to begin in July.

    Iran's oil minister Rostam Qassemi had warned earlier this month that Tehran could cut off oil exports to “hostile” European nations. The 27-nation EU accounts for about 18% of Iran's oil exports.

    The EU sanctions along with other punitive measures imposed by the US are part of Western efforts to derail Iran's disputed nuclear program, which the West fears is aimed at developing atomic weapons. Iran denies the charges, and says its programme is for peaceful purposes.

    Oil prices were also boosted by China's decision to boost money supply in a bid to spur lending and economic growth. China's central bank said on Saturday it would lower the ratio of funds that banks must hold as reserves, a move that frees tens of billions of dollars.

    Oil has jumped from 96 dollars earlier this month amid optimism the global economy may grow more this year than previously expected. JP Morgan raised its Brent crude price forecast to as high as 135 from 120 dollars.

    “Building economic momentum has the potential to pull oil prices higher for the next 12 to 24 months,” JP Morgan said in a report.

    In other energy trading, heating oil added 0.6 cents to 3.22 dollars a gallon and petrol futures rose 1.4 cents to 3.22 dollars a gallon. Natural gas jumped 9.2 cents to 2.66 dollars per 1,000 cubic feet.

  3. #3
    Olympic Champ r.payton@att.net's Avatar
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    Default Re: Iran/Israeli conflict and cost of oil

    Ok-now we have the seemingly obvious answer -Complexities of the market . Yet the actual conflict has yet to start !! When Israeli attacks (soon) are they going to absorb Iran ? Or nuke them out of existence ? How will China -with an actual nuclear program (same as russia ), going to react ? both countries have gone on record as supporting Iran . The COG provides for the wealthy and those politicians deemed necessary -the rest of us will be living the prophecies/visions of Ezekiel -where parents will eat their children and vice verse .
    You know, I think I would rather be a man than a god . We don't need anyone to believe in us. We just keep going anyhow. It's what we do.

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    Olympic Champ kr1963's Avatar
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    Default Re: Iran/Israeli conflict and cost of oil

    did we really expect anything else happening?






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    Olympic Champ r.payton@att.net's Avatar
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    Default Re: Iran/Israeli conflict and cost of oil

    Great post KR.
    You know, I think I would rather be a man than a god . We don't need anyone to believe in us. We just keep going anyhow. It's what we do.

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    Olympic Champ kr1963's Avatar
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    Default Re: Iran/Israeli conflict and cost of oil

    Quote Originally Posted by r.payton@att.net View Post
    Great post KR.
    :-)

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    Olympic Champ kr1963's Avatar
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    Default Re: Iran/Israeli conflict and cost of oil

    RUSS baby You are gonna LOVE this one...just f-in watch this piece of $h1te....


  8. #8
    Olympic Champ r.payton@att.net's Avatar
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    Default Re: Iran/Israeli conflict and cost of oil

    This is what agent provocateurs do-they are there to start sh1t -real or illusioned or completely fabricated .
    You know, I think I would rather be a man than a god . We don't need anyone to believe in us. We just keep going anyhow. It's what we do.

  9. #9
    Olympic Champ kr1963's Avatar
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    Default Re: Iran/Israeli conflict and cost of oil

    Spoken like an old asian hand...

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