Iran says oil price is right at $100 a barrel ($100: panicking OPEC's Maginot Line)

Times of London ^ | 09/05/08 | Angela Jameson

[krogers58]

Get your tinfoil hats for this one. I believe that the price of oil, as well as the trashing of the dollar were done by democratic sympathizers. (Think Soros, et al). I believe the purpose was to create havoc in the american economy in the belief that all of the fault would be with the current administration. Once it was realized there was quite a bit of blowback, such that the dems may have larger problems that the Republicans, for their incompetent energy policies, and when the dems began to get hammered in the polls, this tactic was abandoned. Does anyone doubt that Soros, or the democrats, would stoop this low? I really hope they continue to dig to see who was behind the run-up in oil prices, as I believe you will find that the dems and their allies are chiefly behind this.

[LomanBill]

>>We secure Iraq, so the Chinese can take the oil,

 

Whoops.

 

"We secure Iraq, so the Communist Chinese Capitalists can take the oil,"

 

There, fixed it.

[Teacher317]

"We secure Iraq, so the Communist Chinese Capitalists can take the oil,"

There's nothing Communist about China, other than the government's authoritarianism (which isn't a uniquely Communist trait). The name of the party is just another transparent lie perpetrated by that group of people.

[dennisw]

Oil is going to a 70-80 dollar range where it will stagnate for a few years. It will reach that range in the next 6 months

[rodguy911]

Wow you really do know your stuff and I really do appreciate it.

I often like to make the case that if we don't do Anwar there is a time in the future when we will lose a huge advantage of possibly 2 million barrels per day for the US.

The rats don't seem to care if we go from the current 700,000 barrels per day to 2 million they are invested in wind and solar which are fine but as we all know don't have the potential to solve our energy needs.

What aggravates me is that in the scheme of things we hear only from bozos like obama/biden/and DBM types and never from acknowledged experts like yourself,just does not make any sense.

[rodguy911]

I’m wondering if I did my math right on Anwar it looks like the first three years using the mean or average of high or low production estimates that the yield would be something like 2,770 with 6 zeros behind that! Is that correct! That a huge amount of oil! If that’s correct why the hell aren’t oil companies adm, every pubbie on earth pushing for this???

[rodguy911]

That's an interesting proposition,and the dems/soros are capable of anything, but how did they do it?

[rodguy911]

Are you talking 2.50 per gallon in gasoline terms?

[BIGLOOK]

Thanks for the links. And the corrections.

Heard that Iran exports crude but has to import gasoline. I'll have to go to your links to bone up on their refining capabilities.

[dennisw]

HOUSTON, Sept. 13, 2007 — Crude oil closed above $80 a barrel for the first time on Thursday......,

On that date gasoline was $2.88 in Los Angeles. Gas prices are higher than national average there I think

[dennisw]

You forgot to tell them that due to idiotic free market ideologies that oil would be be thrown on the world free market. Not reserved for US refineries and for US citizens and others who live here’

Hey did you you see how Putin pissed on your free markets? He invaded Georgia as part of his energy strategy. He wants to control oil flows along with Iran. It’s their criminal joint venture

[rodguy911]

Yeah, there is probably at least 20-30 cents extra tax on that I would guess thanks a lot.

[cheee]

You and me, too.

I bought some DUG in my Roth IRA when oil was $130.+ a barrel (yea, a little early).

It’s been our best investment return this year ...

cheee

[thackney]

Heard that Iran exports crude but has to import gasoline.

They do import a large portion of their gasoline, maybe 40% IIRC.

[thackney]

Found some numbers back in one of the previous links, closer to importing 50% of their gasoline.

Iran is the second biggest gasoline importer in the world after the United States, consuming over 400,000 bbl/d. According to FACTS Global Energy, Iran imported over 192,000 bbl/d of gasoline in 2006 costing $5 billion. The gasoline consumption growth rate has averaged ten percent annually over the past six years, and the cost of imports is expected to reach $6 billion in 2007, up from $2.8 billion in 2005. Gasoline prices are heavily subsidized, and sold below the market price at around 42 cents per gallon, which has encouraged increased consumption. An increase in vehicle sales in recent years has also contributed to the problem.

http://www.eia.doe.gov/emeu/cabs/Iran/Oil.html
This is near the bottom of the page under gasoline.

[PapaBear3625]

I would guess if the entire civilized world were to go gangbusters to search for and develop oil resources wherever they can be found we can, in a relatively short period of time break the back of those countries who now hold sway over such a large part of our future.

If the US went on a program to have 80% of our electricity come from nuclear (like France has been able to do), and build a bunch of plants to perform coal-to-gasoline conversion, we could, within 10 years, tell the Saudis to pound sand. (And they would have lots of sand to pound)