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Fighting back against U.S. and EU threats of further sanctions, Iran announces a large 10-day...

Fighting back against U.S. and EU threats of further sanctions, Iran announces a large 10-day naval exercise that will see its warships clogging the Persian Gulf from east of the Strait of Hormuz to the Gulf of Aden. Oil is perky, but back below the $100/barrel it flew through on the announcement. USO +0.4%.
Comments (14)
  • oeverts
    , contributor
    Comments (18) | Send Message
     
    so what??? Short term...yes oil spikes...drives consumption down...long term...should not be using oil anyway...finite resource that should be preserved. Go solar, wind, and other renewables.
    24 Dec 2011, 03:20 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3818) | Send Message
     
    Renewables, LOL...liberals, when will they learn?
    24 Dec 2011, 03:29 PM Reply Like
  • 1980XLS-2.0
    , contributor
    Comments (525) | Send Message
     
    Yes, silly dreamers.

     

    Keep praying, cuz it aint gonna happen.

     

    http://bit.ly/jcCEpA

     

    The chart on AONE and FSLR tell you all one needs to know.

     

    Oeverts seems to forget what one will do for the other 20 hours of the day, when solar cannot produce?
    25 Dec 2011, 10:10 PM Reply Like
  • bob adamson
    , contributor
    Comments (4557) | Send Message
     
    These Iranian war games are being staged against a volatile backdrop. Concern for passage of oil traffic through the Strait of Hormuz may be an immediate concern but the focus of tension is much broader.

     

    There is a string of other related disputes that together give rise concerening the near term stability of international flow of oil.

     

    Nigeria is a major producer and is experiencing clashes between its Christian and Islamic communities. While these clashes are not occurring in the oil producing regions of Nigeria the country has many sources of domestic division and the actions of the extremist minority within its Islamic community could well energize other fault lines within Nigeria. The current clashes are well described in the following links:

     

    http://bit.ly/vEkYq2

     

    http://bit.ly/sqn8Ai

     

    http://f24.my/uIjOQN

     

    Iraq is experiencing a rapid escalation of the divisions between its Kurdish and Arabe communities and between its Sunni minority and Shiite majority as illustrated by the following articles:

     

    http://bit.ly/vGszuM

     

    http://bit.ly/vEkYq2

     

    http://bit.ly/sguWYB

     

    The Iraqi conflicts are part of larger ethnic and religious disputes engulfing Syria (where a Sunni majority is in conflict with a Iran aligned regime, Lebanon which shares the many ethnic and religious communities of Syria, Turkey which is deeply concerned with the future of its Kurdish ethnic minority. Saudi Arabia and Israel watch anxiously and could intervene if Syria implodes setting all those disputes ablaze.

     

    The following describe the possible impending descent of Syria into civil war and chaos:

     

    http://bit.ly/uEM7He

     

    http://econ.st/uRE6sq

     

    The Yemeni situation continues to deteriorate with unpredicatable consequences for Saudi Arabia and neighboring Gulf States.
    24 Dec 2011, 06:35 PM Reply Like
  • Gary A
    , contributor
    Comments (3156) | Send Message
     
    Yeah, add to that the churn of speculation, like a hidden tax, and oil is bound to be more expensive than the market would affix to it. But totally free markets don't exist.
    24 Dec 2011, 07:50 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3818) | Send Message
     
    That is why we have the Bakken shale and Keystone pipeline.
    26 Dec 2011, 08:10 AM Reply Like
  • yoohootoo
    , contributor
    Comments (165) | Send Message
     
    A fasting leader who sees color variations as a sign from God, and a learned hypocrite religious brute that lies in the name of Allah can do a lot of harm. It is not Iraq or Afghanistan. If they are hit it must be quick, decisive, and unrelenting. Hopefully civilians will be spared. The problem with religious people is they hide like cowards behind civilians. A good opportunity is when Odjob makes a blunder of threat to Arabs or seize control of Khos Khose departments.
    24 Dec 2011, 07:29 PM Reply Like
  • rsusich
    , contributor
    Comments (9) | Send Message
     
    Iran and its Sunni people are testing Iraq and its Shia popu;ation. The Iran-Iraq war was bitter and over 100000 soldiers were killed. TheUnited States backed Iraq with weapons and much money. Our
    leverage over Iran is nil.
    24 Dec 2011, 09:58 PM Reply Like
  • bob adamson
    , contributor
    Comments (4557) | Send Message
     
    rsusich -

     

    The large majority of Iranians are Shi'a
    24 Dec 2011, 10:08 PM Reply Like
  • cynic2011
    , contributor
    Comments (652) | Send Message
     
    I want to see what the Iranian navy can do. They announced maneuvers quite a while ago,so far nothing. Paper tiger perhaps.
    25 Dec 2011, 09:56 AM Reply Like
  • USisCorrupt
    , contributor
    Comments (993) | Send Message
     
    3 , 2 , 1 are you ready to rumble? There will be many false flags in the coming days and weeks.
    25 Dec 2011, 08:46 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4011) | Send Message
     
    False flags? Maybe, but anyone on this site who doesn't understand the critical importance of oil to the world economy should put on their tin foil hat and conjure up some dark energy.
    25 Dec 2011, 10:18 PM Reply Like
  • USisCorrupt
    , contributor
    Comments (993) | Send Message
     
    You are so very right. Another oil borus would be a great start. And then OPEC could announce they will no longer be accepting monopoly money for their oil,
    26 Dec 2011, 02:29 AM Reply Like
  • hss2011
    , contributor
    Comments (26) | Send Message
     
    The only reason for the price hike is due to our heavy dependence on oil. The conversation often turns to renewable, but much bigger bang for the buck is in conservation. If the fleet gas mileage had been what it was when the first oil embargo was imposed, the world would be consuming about 50% more oil. There is no way this is sustainable for any period of time.
    25 Dec 2011, 10:21 PM Reply Like
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