Posted on 06/25/2006 1:09:07 PM PDT by familyop
UPDATE 2-Iran to halt gasoline imports, impose rationing ("Adds background")
Reuters ^ | 23JUN06 | Christian Oliver
Excerpt:
"Despite holding the world's second biggest oil reserves, Iran lacks refinery capacity and imports more than 40 percent of the 70 million litres (440,000 barrels) of gasoline its motorists burn each day . . . Most of the gasoline imports come from western Europe, with trading house Vitol the leading supplier, market sources said."
Price pump alert!
Bush hasn't the balls to bust some balls.
We need to simply ban the importation of oil. It would mess us up about as badly as we were messed up during WW-II for about a year, and it would mess all of the rogue states in the world up permanently. A year later, oil produced in America would sell for $25 a barrel in America, and a whole lot of the worlds villians would be back to riding camels and living in tents.
Don't show up at a nuclear war armed with an oilcan.
An Iranian oil embargo would affect the world market, but it would impact their good friends in China more than most.
LOL
Actually, WE should use oil as a weapon. The US Navy should blockade Iran, since they have no refining capacity. I don't know how many pipelines they have, but this would smart.
US gets most of its oil from Canada.
Even better, lets bomb Iran's oil exporting facilities. I bet the rest of the world replaces Iran's output before Iran's goverment collapses.
Nice thought, but China needs oil to ramp up as a super power. If we don't buy, there are other nations that will.
Look for crude prices to rise another $5 per barrel on this news, as senate Democrats and RINO's continue to block ANWR and offshore drilling.
Pulling the US out of the world market would collapse the price of oil worldwide. On top of that, we'd be totally free to deal with the lunatics running Iran any way we wanted to.
Iran is rationing gasoline now, I guess they want to have none at all.
Thanks to Bush and team filling the strategic oil supplies to the brim.
Let's drop SUVs on them.
Then send the troops from Iraq to ensure that oil production continues.
--Boris
Iran was short on funds for the week and wanted to spike oil for a few days.
China and India are nations with growing economies that would gladly buy oil at the new reduced prices.
Like I say, OPEC and AlQuaeda would be back to tents and camels. I'm not worried about Chinese or Indians flying airplanes into our skyscrapers.
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