[Phsstpok]

I have a question. Are we buying oil from Iran?

No, but like money, oil is "fungible," meaning that once it's in the marketplace it moves around, and has affects, without regard to where it came from.

We don't buy anything from Iran, but if Iran's oil is taken out of the overall pool then those that do buy from them will be competing with us for the oil that is left and that will drive up the price. Thus we don't want Iran to start using their oil as a "tool of statecraft."

[Bahbah]

We don't buy anything from Iran, but if Iran's oil is taken out of the overall pool then those that do buy from them will be competing with us for the oil that is left and that will drive up the price. Thus we don't want Iran to start using their oil as a "tool of statecraft."A very clear statement of this important issue. My question, though, was a direct result of Obama's contention that we send millions to Iran to purchase their oil, which I thought to be incorrect, and we need alternative sources of energy so that we don't have to do this any longer.