Senior Arab official warns of oil price hike if Iran attacked

Xinhua Net (China) ^ | 2008-07-06 18:34:31

[Perdogg]

A senior Arab official warned that oil prices would jump to more than 200 U.S. dollars a barrel if Iran was militarily attacked, the Egyptian state MENA news agency reported on Sunday.

Secretary General of the Council of Arab Economic Unity (CAEU) Ahmed Guwaili made the remarks in an interview with Egypt's Arabicdaily Al Gomhuria published on Sunday.

Guwaili said the Arab world and all the countries in the world would be affected if Tehran is attacked by military actions.

[Perdogg]

ping

[Kolokotronis]

$200.00 per barrel oil? Hardly seems the threat that used to be, but perhaps that prospect would give the government some incentive to simply and quickly totally crush Iran in a couple of weeks. Maybe we’d have an incentive to actually WIN instead of worrying about hurting some damnable Mohammedan’s feelings!

[Ranger Drew]

My gosh. It seems these little bastards always want to be holding something hostage. ...ENOUGH already. Send them to the white courtesy phone to pick up their 72 “Virginians”. (love that joke)

[TomGuy]

Senior Arab official warns of oil price hike if Iran attacked

[and snickers that prices will rise, even if Iran is not attacked].

[lexusppd]

Screw them. These asshats think that by threatening more expensive oil they can get away with anyhting they want. It’s time to let them know a few things.

1.Blackmailing the world with your oil will in the end lead to your not having control of it any longer because we, along with Germany, France, Britain, and the rest of the free world, will simply take it over and pay you a fair price.

Believe me if it comes to this and the promise of $40-50 oil is held out to these Nations they will jump on board, IMO, use the excuse that what they Are doing is for the betterment of the majority of the people.

Kinda like Spock said, “The needs of the many outweigh the needs of the few”

If we have to endure $200 bbl oil for a time in order to stick it to these morons then we will do it with the knowledge that in the end they will go back to doing what they are best suited for, roaming the desert on their Camels for the rest of eternity.

[lexusppd]

Screw them. These asshats think that by threatening more expensive oil they can get away with anyhting they want. It’s time to let them know a few things.

1.Blackmailing the world with your oil will in the end lead to your not having control of it any longer because we, along with Germany, France, Britain, and the rest of the free world, will simply take it over and pay you a fair price.

Believe me if it comes to this and the promise of $40-50 oil is held out to these Nations they will jump on board, IMO, use the excuse that what they Are doing is for the betterment of the majority of the people.

Kinda like Spock said, “The needs of the many outweigh the needs of the few”

If we have to endure $200 bbl oil for a time in order to stick it to these morons then we will do it with the knowledge that in the end they will go back to doing what they are best suited for, roaming the desert on their Camels for the rest of eternity.

[BuffaloJack]

Does this mean that there will be NO price hikes if Iran is not attacked? /sarc

[boomop1]

Bomb them first.

[philly-d-kidder]

Look I have seen this Lunacy Before and what Goes UP must Come Down... That really will Happen! It May be the collapse of the European Economies that forces the drop but the Price will come Down!!

[Ghost of Philip Marlowe]

Ghost of Philip Marlowe reminds Ahmed Guwaili of severe price decline if Saudi Arabia attacked.

We really need to stop playing footsie with these terrorist enablers.

[TLI]

On Saturday, Iranian Oil Minister Gholam-Hossein Nozari said that no country will ever dare to carry out an act of aggression against the Islamic Republic.

Woooooooo, we "don't dare" eh? What will they do? Commit to the "mother of all battles?" Golly, that sounds familure...

Meanwhile, Chief of Staff of Iran's Armed Forces Major General Hasan Firouzabadi said on Saturday if the country's interests are jeopardized in the region, "we will not let any ship pass through the Strait of Hormuz."

The Strait of Hormuz is a narrow waterway in the Gulf through which roughly 40 percent of the world oil is transported.

Well Major General Hasan Firouzabadi, the Strait of Hormuz is not THAT damn narrow. Roughly speaking the commercial shipping lanes are about twenty miles wide and in 300 feet of water. Iran is not going to block squat and if they want to start popping off those silkworm missiles they are going to get fried like bacon.

Just what is it with the third worlders? Do they always have to be mouthing off about how macho they are? Why can’t they just shut up and see the obvious? Work with the top tier nations and their condition will drastically improve. Start giving the world the finger and presto, U.S. Aircraft Carriers on the horizon…

[Will88]

Times like these cause me to thing about a few facts:

1. The Arabs and most OPEC nations did not discover their oil reserves, and had no technological means of assessing what they had.

2. Once discovered, they had no technology to get the oil out of the ground, or to ship to customers, or to refine it into consumer products.

3. They had invented nothing that would have give their oil any more value than their sand.

4. Everything about their oil wealth was and is dependent upon the West and its technology. They are basically parasites upon the industrialized nations, sitting on top of their accidental wealth.

People have often speculated how long the West would tolerate the rape of their economies and wealth by nations that have a basically parasitic relationship with the developed world.

[aruanan]

As I said a number of years ago:

Any thoughtful person who knows history and religion would be anti-Islam. Along with Communism, Naziism, and the Black Death, Islam has been responsible for more death and destruction on the face of the planet than just about anything else since the last asteroid impact. Islam was started by predators. It has spread by predation. It has lived off the decaying corpses of the civilizations it has destroyed. It is a vast, ancient sea of corruption, oppression, fanaticism, and ignorance lapping up against the shores of the present, kept alive by the fortuitous accident of living above huge reserves of petroleum.

[Dusty Road]

Let them eat oil, and high levels of radiation!

[Flavius]

Iran Said to Fortify Key Strait

REUTERS
Published: July 1, 1988

LEAD: Iran has nearly completed an underground bunker that will put its Chinese-built Silkworm missiles within range of any ship passing through the Strait of Hormuz and conceal the weapons from American reconnaissance, a top American military official said today

Gen. George B. Crist said the bunker at the Iranian coastal town of Kuhestak ‘’changes the entire equation’’ for shipping in the Persian Gulf and that the United States was studying ways to take it out.

http://query.nytimes.com/gst/fullpage.html?res=940DE7D91F3BF932A35754C0A96E948260&scp=1&sq=uss+vincennes&st=nyt

hope everyone is doing all their homeworks

[lexusppd]

There is a 100% certainty that you are correct. There will be a blood bath in the trading pits of the NYMEX. It is not a matter of if, only one and it will be a thing of beauty to behold (unless you are long oil).

I have always wondered why the governments don’t just put an end to this by setting up accounts (not in their names) and spend what it takes to buy in to oil futures slowly but on a massive scale and then suddenly dump all of it (after using other accounts to short the futures). It may cost them a bundle at first but the resulting drop in prices as the price plummets due to the imbalance of buyers to sellers would in the long term be beneficial.

Whatever we spend doing this would be easily made up in the lower price of oil, cutting half what we spend, and in a short period of time.

[lexusppd]

This is from 1988. There is no question, at east in my mind that the increases in technology on our part versus theirs is not even close.

A very good friend of mine works in the Pentagon and has for over 40 years. he would never reveal anyhting he shouldn’t to me but he has said that what you read of today about our capabilities is obsolete, every bit of it. The most up to date technology of our time is bordering on truly unbelievable and with few exceptions far surpasses what is considered SCIFI by most. Most of what is released by the government is about 20 years old. What we are truly capable of today won’t be known to the public for another 20 years, unless of course the NYSLIMES gets hold of it.

[Carry_Okie]

The most up to date technology of our time is bordering on truly unbelievable and with few exceptions far surpasses what is considered SCIFI by most.

It matters no more than the German ME-262 did if we can't get it to the battlefield. War is more about logistics than it is about technology.

[Melchior]

The price might jump to $200 but using MENA as a source is foolish. That news agency and its reporters are on the take — to anyone, anywhere, as long as the price is right. This one was probably paid for by the Iranian embassy in Cairo.

[Yorlik803]

Maybe GWB can get on his knees again and beg them not to raise the price.
And on the left, only the sound of crickets. Drill on US soil, impossible. They dont care how high the price of Gas goes because they want us to be like the rest of the world.

[dayglored]

> ...perhaps that prospect would give the government some incentive to simply and quickly totally crush Iran in a couple of weeks. ..

That's assuming that some do-gooder doesn't decide that, having crushed them in a few weeks, we then have to spend the next five years rebuilding an Islamic nation for them them, at high cost to ourselves.

Nation-building leaves a bad taste in my mouth. It's one thing if the nation's culture is reasonably sane. It's something else entirely if it's insane.

Paving over the Middle East, leaving spots open for extracting petroleum, is looking pretty good these days.

Only slightly /sarc

[RightWhale]

Yeah. It could. Iran could do it on its own anytime they want to blockade the Strait.

[DieHard the Hunter]

That’s OK, let it rise to $200 and attack Iran anyway. Once the Iran regime has been knocked over the price Iranian oil will be free.

It’s called “spoils of war”, Ahmanutjob.

[LaurenD]

“A very good friend of mine works in the Pentagon and has for over 40 years. he would never reveal anyhting he shouldn’t to me but he has said that what you read of today about our capabilities is obsolete, every bit of it. The most up to date technology of our time is bordering on truly unbelievable and with few exceptions far surpasses what is considered SCIFI by most. Most of what is released by the government is about 20 years old. What we are truly capable of today won’t be known to the public for another 20 years, unless of course the NYSLIMES gets hold of it.”

I believe every word of this. Our enemies cannot even imagine what our military is capable of and John Q. Public, including myself, cannot begin to imagine what our military is capable of. Now if only the political possibilities would match our military capabilities.

[LaurenD]

“It’s one thing if the nation’s culture is reasonably sane. It’s something else entirely if it’s insane.”

It’s also one thing if the nation’s culture is of the first world, the way Japan’s and Germany’s were before WWll.

It’s something else entirely if it’s third world, tribal people who haven’t advanced in over 1000 years on their own without intervention. As evil as the Nazis were, they weren’t third worlders unless we go back so far in time that everyone was third world. Nation building didn’t start from scratch in Germany or Japan. Starting from scratch would be a huge step forward in muslim nations.

[LaurenD]

“They dont care how high the price of Gas goes because they want us to be like the rest of the world.”

And like how many of us already are that live in U.S. cities. It blows my mind when I meet people from places like NY city that are visiting the SW for the first time and have never owned a car. Some never even have driven a car. They live in holes in wall for more than we pay for our home with a yard and pool. They take the subway. They are single with no family. They can’t believe the wide open spaces that still exist. A whole new world they never experienced before.

Giving up our private cars would drastically shrink our level of freedom. How do people without cars get groceries for their families? I fill up my car every few days. How do they get their kids to soccer, football, etc? In our case, we have an RV that is a toy hauler to take all of our dirtbikes to the trails and tracks and for camping. I’m supposed to give all that up? We’re supposed to all go back to living like peasants. Except for the rich, the rest of us are told to give up, give up, and give up.

We don’t need to be figuring out ways in which to lower our standard of living. We need to be figuring out ways in which to get more oil and every other resource in order to maintain and increase our standard of living. That is the American way. That is why those who are trying to advance themselves come here. It’s why the wolves come here and why we are the richest nation in the world. All the sheep can go somewhere else to be poor.

[SJackson]

If you'd like to be on this middle east/political ping list, please FR mail me.

High Volume. Articles on Israel can also be found by clicking on the Topic or Keyword Israel. or WOT [War on Terror]

----------------------------

[Paige]

Yeah, the Lamestream media continue with their Censorship. The Lamestream media works fervently to strike fear into the people.

The American people are being censored and do not have a clue they are being censored in a so-called “free society”. This is what takes place when people are educated by the State Run Schools.

Hopefully, the privately educated and home-schooled children will be the ones who step forward to lead this nation.

[gogogodzilla]

No, no, no, no! Your point #1 is all wrong. Here, let me fix it.

---

1. Blackmailing the world with your oil will in the end lead to your not having control of it any longer. We, along with Germany, France, Britain, and the rest of the free world, will simply take it over AND NOT PAY YOU A STINKING DIME!

[gogogodzilla]

Conceal the weapons?

It seems that we already know where they are... in the ‘Iranian coastal town of Kuhestak’.

Eliminate the town and you eliminate the missile threat.

[quant5]

It appears the global trading market of oil has built this probability in. I don’t believe we filled the SPR for nothing... But hey, if Iran wants to back off and join the free world I would be the first to stand-up and applaude. Until then enjoy the massive profits other Arab nations and shut up while we do your dirty work for you. Hopefully, we do become energy independant so we can simply assist you in reinvesting that two trillion in exta U.S. dollars. For that, some Senators need to go :)

[quant5]

You nailed it, but Socialism states that we all must be totally equal in social stature (exempt the ruling party of course). This will run it’s course over the next four years as more socialism is applied to fix the problems created by socialism and lack of oversight (pubbies share some blame on the lack of oversight diddy). Don’t think NYC is not feeling pain for there long-term lack of vision and financial shenanigan’s. The layoff’s there along with firesales of equity are truly astounding.

[lexusppd]

LOL, either we pay them a fair price for the oil or we give them financial aid to keep them alive. One way or another we wind up paying.

[gogogodzilla]

Who said anything about financial aid? They want to live in the 8th century... so let them.

[lexusppd]

Ok, I thought I would try the compassion bit. In retrospect I’ve decided you are right.

We take the oil, give them squat and tell them when they feel strong enough to take it back, come and pay us a visit.

[GladesGuru]

The Saudis fund the Wahibi sect if Islam. Wahibi theology is amongst the worst of the drooling, “Cut their necks of the unbelievers, Circumcise the women ‘n put ‘em in burkhas” Islamic nutters.

Yeah, I know “Islamic” and “nutters” is redundant, but I couldn’t help it. Can I claim’ honesty impelled me to type it”?

The Islamic world IS at war with the USA and Israel.

We have to win this war.

If you think we can settle for anything less tha the total, permanent destruction/extirpation of Islam, ask the women in your life the following question:

“Got Burkha?”

Hint to the wise, you will probably be given a quick lesson in why Rudyard Kipling wrote “The Female Of The Species Is mo Deadly Than The Male”.

[GladesGuru]

“Don’t think NYC is not feeling pain for there long-term lack of vision and financial shenanigan’s. The layoff’s there along with firesales of equity are truly astounding.”

New York Sh*tty is where socialism in America has always laired. Any and all suffering they undergo will be only a small down payment on what they deserve for their treasonous efforts to change America from a land of sovereign land owners into socialist proles stacked in high rise warrens such as they seem to want to inhabit in the Big Sh*tty.

[Pilsner]

the commercial shipping lanes are about twenty miles wide and in 300 feet of water. Iran is not going to block squat

During the Civil War, the Federal Government severely hampered Confederate access to world markets simply by proclaiming a blockade. Over the course of a couple of years, it armed enough ships to do a good job of enforcing that blockade, but for many months it was largely theoretical. The blockade worked well from the start because most ship owners, being conservative business men, were not prepared to risk having their ships seized or sunk by the U.S. Navy. The Confederates eventually found ships whose owners were willing, from devotion to the cause, or exorbitant shipping rates, to take that risk, but they lost many months during which they could have imported vast amounts of arms with little interference.

Iran doesn't have to sink any tankers to cause an oil spike, it just has to make a sufficiently bellicose threat that tankers passing through he Straights of Hormuz are uninsurable. Yes, a few ship owners will be found to take a chance. Yes, more ship owners will be found to take a chance if someone (US Taxpayers?) guarantees to make good their losses, but you will not have the free flow of oil for some time. Add that to terrorist strikes blowing up the pipelines flowing West out of Iraq, and oil might well go over $200 for a spell.

[RightWhale]

We have to win this war.

Of course. The islamics cannot win and must lose. That's how it is and that's how it will be reported in history a few years from now.

[3090VMXA]

This approach should be OK with them. After all, if I understand correctly, this is similar to the way Islam teaches them to deal with their neighbors. Right?

[quant5]

Revelations speaks about the ‘New City’ and speaks of there judgment for there shameless luxury. Shameless as in attempted fleecing of the U.S. population while sitting in an ivory tower chuckling over financial innovative cleverness/theft while the rest of America suffers. Is that what you are referring to?

Many think God sends lightning bolts and acts as some kind of Monarch to make you pay when you make mistakes. In America’s case, mercy is extended to correct our nation and selective regional judgements/harsh correction occur.

The bible shows the righteous are preserved but yet will suffer some during such corrections along with the wicked. That is the portion of reality that religion refuses to acknowlegde but reading the entire bible demonstrates this repeatedly. It’s survival that often is the key differentiator during such corrections and I have learned it is more because of one becoming close to God and obtaining wisdom to fully understand the situation on the ground and remove oneself from danger then divine interventions. It is also based on free will. Listen to the simple principles of Christ to love they neighbor then your nation is protected by each other and above. Be greedy and self-centered, enemies penetrate your intelligence services and there schemes are more fully realized. Who caused 911, God or man? We did, but focusing on OURSELVES rather then the enemy. God tends to do clean up for our follies and free will choice, NOT the other way around.