Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: WilliamIII

What a simplistic and superficial analysis. It has always been the case that as the Middle East erupts in conflict and war, the price of oil goes up. If I ere a speculator I’d buy up oil when this dumb line of reasoning drives prices down.

This so-called agreement will bring Iran and Israel right to the brink, with the U.S. becoming totally relevant. That is a recipe for disaster.


6 posted on 11/24/2013 3:11:57 PM PST by ElkGroveDan (My tagline is in the shop.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: ElkGroveDan

You said: What a simplistic and superficial analysis.

Good point. Restricting the purchase of oil from an oil-producing country doesn’t drive prices up, and easing those restrictions — and increasing supply — doesn’t drive prices down. I wonder what grade you got in Economics 101.


7 posted on 11/24/2013 3:14:44 PM PST by WilliamIII
[ Post Reply | Private Reply | To 6 | View Replies ]

To: ElkGroveDan

As China becomes their primary customer it will be interesting to see the attitude going forward. My guess is the commies will be a much more controlling customer.


8 posted on 11/24/2013 3:14:50 PM PST by nascarnation (Wish everyone see a "Gay Kwanzaa")
[ Post Reply | Private Reply | To 6 | View Replies ]

To: ElkGroveDan

Obama always wanted us addicted to iranian oil.


34 posted on 11/24/2013 4:27:17 PM PST by lavaroise
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson