Iran says sanctions could push oil to 100 usd/barrel

Forbes.com ^ | Sep 23rd, 05 | AFX

[hang 'em]

Time to kick their @ss and take their gas

[FearlessFreep]

It's the Mother of All Battles Part 3.

[Gay State Conservative]

We can withstand $100/barrel oil far longer than you can withstand no oil exports (can you say naval blockade?), particularly if we freeze all you assets here.

Bring it on,you filthy 9th Century knuckle draggers!

[Numbers Guy]

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.

Man, he sounds like a cocky football coach days before his team loses a game 73-6.

[HarleyLady27]

AMEN!!! Its now time for the tree huggers to let us drill our own oil and thumb out nose at them.....

[elfman2]

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.

[F14 Pilot]

Their assets have been frozen here since 1979!

[Lejes Rimul]

It won't come to sanctions. The EU blinked because of Russia and China. I expect to see that pattern repeated in the future, unfortunately.

[elfman2]

" It won't come to sanctions. The EU blinked because of Russia and China. I expect to see that pattern repeated in the future, unfortunately."

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.

[Eric in the Ozarks]

$100/bbl ?
Probably for a day or two...

[Lejes Rimul]

The EU recognizes that it's under the Sword of Damocles if/when Iran gets the bomb, but it's just not willing to do anything about it. They lived with Soviet nukes for 50 years, I guess they think that they can weather the Islamic tide, too. We'll see.

[norraad]

...meanwhile, has the Rita gougefest begun in your area?

Spiking here already, party on Big Oil!

[Wuli]

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.

[Williams]

What will the price be a few years after we enforce regime change there?

[Eric in the Ozarks]

Up $.20/gallon.

[lowbridge]

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.

No problem. We'll just brew our own

Shell's ingenious approach to oil shale is pretty slick

Goodbye Iranian oil.

[norraad]

...up .20/gal..

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.

[MNJohnnie]

They wish.

[Eagles Talon IV]

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?