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The U.S. government reportedly has offered to help India get alternative supplies for Iranian...

The U.S. government reportedly has offered to help India get alternative supplies for Iranian crude, and Saudi Arabia is said to have already offered to replace Iranian oil if needed. The assurance follows Iran’s offer to sell extra crude to India, but India is going to be "hard-nosed" in dealing with it, potentially using it to get a better deal from Iran.
Comments (7)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Yeah, go ahead and help India. Shit, we can afford 4$ gas all god damned day long..
    24 Feb 2012, 08:58 AM Reply Like
  • Bozerdog
    , contributor
    Comments (464) | Send Message
     
    It is a free market, competition spawns lower prices. Yet some believe investing in oil alternatives is a waste.
    24 Feb 2012, 09:04 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    Yes, in a free market (without gov't intervention) energy companies are free to invest their money at will if they thought the alternative energy would be profitable. They are not. That, however, does not give Barry the right to waste billions and billions and billions and billions of taxpayer dollars on corney capitalist friends just to satsify the enivornuts with a social agenda who want to live like the smurfs in the Avatar movies. Long live the bain of liberals - the suburbs.
    24 Feb 2012, 10:04 AM Reply Like
  • kata
    , contributor
    Comments (443) | Send Message
     
    I suppose this is in the event there is no Iran, lol.
    24 Feb 2012, 09:13 AM Reply Like
  • 867046
    , contributor
    Comments (398) | Send Message
     
    Ultimately this is a move to box in Iran. Iran needs dough to buy off the populace.
    24 Feb 2012, 09:54 AM Reply Like
  • speckled trout
    , contributor
    Comment (1) | Send Message
     
    Let's try to focus our attention on what stocks will benefit and make some money off of it so we can buy all the $4 or $5 gasoline we want!
    24 Feb 2012, 01:37 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11015) | Send Message
     
    We will see what the G20's commitment to curtail oil prices will do. Probably nothing. As for pump prices, they are rising 20 cents every week, much faster than oil per barrel prices. They seem to be competing with each other on how fast they can gouge the consumer which is probably being done by the suppliers more than the stations.
    26 Feb 2012, 12:53 PM Reply Like
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