Posted on 09/23/2005 8:26:14 AM PDT by F14 Pilot
TEHRAN (AFX) - The head of Iran's powerful Revolutionary Guards warned that the imposition of sanctions on the Islamic republic over its nuclear programme could push the price of oil to 100 usd a barrel.
'Any sanction against Iran can make the oil price reach 100 dollars a barrel,' General Yahya Rahim Safavi said in a speech to worshippers attending Friday prayers in Tehran.
Iran is OPEC's second producer.
'Any economic and political pressure on Iran from any power ... will result in a harsh reaction from Iran,' he added.
The Islamic republic 'has a solid and unbeatable defence potential (and) can retaliate and attack the interests of the enemies in remote places,' the general asserted.
The EU and US have this week been pushing for tough action against Iran by the UN's International Atomic Energy Agency (IAEA), arguing the country could be using an atomic energy drive as a cover for weapons development.
But the EU has been forced to back away from its bid to take Iran before the UN Security Council -- a move that would represent a severe political sanction -- due to opposition from Russia and several other states.
Iran insists its nuclear programme is for peaceful purposes only.
(Excerpt) Read more at forbes.com ...
Time to kick their @ss and take their gas
It's the Mother of All Battles Part 3.
Bring it on,you filthy 9th Century knuckle draggers!
Man, he sounds like a cocky football coach days before his team loses a game 73-6.
AMEN!!! Its now time for the tree huggers to let us drill our own oil and thumb out nose at them.....
Another indication of why we had to invade Iraq. This kind of economic blackmail would have been worse if Saddam had Kuwait and Saudi Arabia. Couple that with disbursed nukes, and we wouldn’t have been able to remove him.
Their assets have been frozen here since 1979!
You’re probably right. Most EU politicians and voters will decide based on what’s in their personal best short term interests. They will probably choose higher gas prices over the kind of mess that we’re engaged in.
Spiking here already, party on Big Oil!
The EU was warned from day one that this is where Iran has been headed all along.
Iran held this card out as long as they could, but it was always there and always Iran's intention to use it - when their delays could not delay any longer. Like north Korea it says it is building nuke stuff for energy, yet there is no power grid present or planned from the nuke power plants. Weapons have been their only purpose all along.
I take by this "oil" warning they do not yet have a weapon.
If the EU appeases the oil threat, they will. This threat is the final delay before the "or else" challenge from nuke-armed Iran.
What will the price be a few years after we enforce regime change there?
Up $.20/gallon.
No problem. We'll just brew our own
Shell's ingenious approach to oil shale is pretty slick
Goodbye Iranian oil.
Since consumption hasn't dipped much, I'd like to calculate just how much has been gouged out of the economy lately.
Who's got it and what will become of it?
More curious than concerned.
They wish.
Nice. Since Iran has nothing else to export of consequence and must import virtually everything they need, one must ask where will they get what they need to survive if it is not by selling their oil?
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.