Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Crude oil ought to be $150 per barrel: Iran
Reuters ^

Posted on 09/16/2012 7:13:35 PM PDT by Perdogg

Crude oil should be at least $150 per barrel, Iran's oil minister was quoted as saying on Sunday, and the sanctions-hit country's OPEC governor said current oil prices were not high enough to threaten the world economy.

Benchmark Brent crude prices rose to nearly $118 a barrel on Friday, stoking fears that surging energy costs could harm fragile economic growth. Days earlier, Saudi Oil Minister Ali al-Naimi said he was worried by high prices and the kingdom would take steps to moderate them.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; Israel
KEYWORDS:

1 posted on 09/16/2012 7:13:38 PM PDT by Perdogg
[ Post Reply | Private Reply | View Replies]

To: Perdogg
On the subject of oil:

It is a common line amongst liberals that there are legitimate reasons for Iran to develop nuclear capabilities. (But isn't the type of uranium-enrichment being practiced by Iran specific for bomb-making?)

But even if it were true that Iran is trying to develop nuclear capabilities for peaceful reasons, what is the point? With all the oil they're sitting on, they don't need any other kind of energy -- the fossil fuel they have will last them forever.

2 posted on 09/16/2012 7:17:39 PM PDT by Wyrd bi ful ard
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg

I’m sure our Great Messiah agrees with that!


3 posted on 09/16/2012 7:24:19 PM PDT by Rembrandt (Part of the 51% who pay Federal taxes)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg

Iran ought to be a free democratic state.


4 posted on 09/16/2012 7:43:19 PM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg

the mere threat, by this country, to fully open up oil drilling and to increase production to historic levels, would drop the world price of crude by 75%. They need our money....we must show them that we do not need their oil.


5 posted on 09/16/2012 8:13:46 PM PDT by terycarl
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg

Hey, Iran: did you know:

1. Natural gas is really cheap right now.
2. We’ve got an awful lot of it within our own borders and almost certainly a whole lot more to find.
3. 33 percent of our our oil use is for heating or freight. Heating could be switched over to natural gas pretty quickly. The big problem with trucks using natural gas is infrastructure. But if natural gas stays low and oil goes to $150 a barrel, someone could make a lot of money building that infrastructure.

That’s a 1/3 drop in U.S. oil consumption, and $150 a barrel would probably prompt all the bus companies to switch over too, plus a lot of cars. You could be looking at a 40 percent drop in U.S. consumption. Iran, You sure you want that $150 a barrel stuff?


6 posted on 09/16/2012 8:23:54 PM PDT by Our man in washington
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg; All

7 posted on 09/16/2012 8:38:16 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg

Fine. Why don’t we create FPEC. Food Producing Export Countries.

A bushel of grain for a barrel of oil.

If they don’t like it then let em eat their next most valuable asset... Sand.


8 posted on 09/16/2012 8:47:16 PM PDT by broken_clock (Nuke em til they glow, then shoot em in the dark.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg

I’m guessing that is about where it will be after Iran’s oil fields, pipelines, and terminals are turned into heaps of smoking scrap metal by Israel.


9 posted on 09/16/2012 9:04:50 PM PDT by ccmay (Too much Law; not enough Order.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wyrd bið ful aræd

“But even if it were true that Iran is trying to develop nuclear capabilities for peaceful reasons, what is the point? With all the oil they’re sitting on, they don’t need any other kind of energy — the fossil fuel they have will last them forever.”

Why use it themselves when they can sell it for $120 a barrel?


10 posted on 09/17/2012 12:38:39 AM PDT by juno67 (Gua)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Perdogg

We should be using our natural gas an tell the Muzzie rats to go play with themselves


11 posted on 09/17/2012 2:00:24 AM PDT by reefdiver (zer0 One and Done)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perdogg

Iran ought to be a solid sheet of glass.


12 posted on 09/17/2012 4:35:43 AM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson