Pumping Irony-Iran is behind the soaring price of gasoline

Excellent article. Thanks for the link.

 

I was slightly jolted the day Ahmadinejad said that (about oil still being priced below its natural worth), and said to myself, "uh-oh---this guy's got something up his sleeve, and maybe we're going to see $5/gal. gas soon".

We've yet to see if any single OPEC biggie can actually leverage the world price.

 

If there is any kind of disruption in supply, hurricane, Iran cutting supply, and so forth, $5 could be a low price.

 

Well, we pay about $6.70 per US gallon already - so it could be worse!

 

<div class='quotetop'>QUOTE(ghostofjk @ Apr 26 2006, 08:57 PM) [snapback]245833[/snapback]</div>

the thing up his sleeve is a nuke - although it is in plain view for all to see. At that point Iran unilaterally will be able to control world oil prices.

the reason for the increase in oil prices, in large part fueled by iran's verbal sparring, is to fund the large cost of their nuclear program. they have to have a means to pay the russians, chinese, french and germans for their technology and building costs.

that high speed torpedo iran tested three weeks ago was a russian model that could be fitted with a an unconventional warhead.

the time is nearing to neutralize this threat. the only hinderance at this point is securing iranian oil fields so they can not retaliate by shutting their spigots. imagine the leverage they would gain by having a nuke in their pocket??

 

<div class='quotetop'>QUOTE(ghostofjk @ Apr 26 2006, 07:57 PM) [snapback]245833[/snapback]</div>

Uhm, the point of the article was that Iran took advantage of tight supplies in the 70's and sent the price of oil thru the roof. So yes, they had a big effect on world price. And they can do it again.

Of course, that would also mean they'd cut their exports and thus have less income, but that might be a small sacrifice to make if it causes pain on the infidels. <peak-oil worst-case="ON"> If they're really forward looking, the nuclear option might be for defensive purposes as oil starts running out and getting really expensive, and people want to secure their production, possibly by overtaking oil-rich countries. This includes action by the U.S. of course, but even Saudi Arabia, as Iran (sunni majority, Persian ethnicity) is not viewed favorably by the rest of the mideast (shiite arabs). </peak-oil worst-case>

nerfer

 

<div class='quotetop'>QUOTE(dbermanmd @ Apr 27 2006, 06:58 AM) [snapback]246032[/snapback]</div>

"Securing Iranian oil fields". Invade Iran to support the habit of SUV owners; yeah, that sounds like a plan. Tell us, when do you intend to join the Marines?

Gas prices in the US even now don't reflect the true costs of gasoline use. $5 or $6 per gallon will be about right. Get used to it.

Iran is not a nuclear threat because we and they know that, if they ever used or tried to use a nuclear weapon, we would destroy them utterly.

 

<div class='quotetop'>QUOTE(richard schumacher @ Apr 27 2006, 11:23 AM) [snapback]246110[/snapback]</div>

You would allow them to acquire nuclear weapons??

 

<div class='quotetop'>QUOTE(clett @ Apr 27 2006, 06:54 AM) [snapback]246024[/snapback]</div>

How much of that is taxes? I saw $2.10 mentioned in gasoline futures, so the rest of my $2.78 Tuesday was taxes and gas station profit, although the current cost may be well under $2.10...

<div class='quotetop'>QUOTE(richard schumacher @ Apr 27 2006, 11:23 AM) [snapback]246110[/snapback]</div>

http://money.cnn.com/pf/features/lists/glo...ices/price.html

Maybe we should send a few tankers to Venezuela...

 

<div class='quotetop'>QUOTE(richard schumacher @ Apr 27 2006, 10:23 AM) [snapback]246110[/snapback]</div>

The problem is, you're thinking rationally. President Ahmad'nJihad, or however you spell his name, is not thinking like us. We and Israel are the infidels, and if supplying dirty bombs to suicide bombers causes us pain, I think he would go for it. A full nuclear weapon would be even better. Unless they distribute their nuclear material, they would only get to build their bombs once before we blow them all up, that's his biggest source of caution. Not personal survival or perhaps even survival of the state, but maximizing pain to infidels. Normally I'm pretty open-minded and don't prejudge moslems, but this guy is a nutcase. Since the country allowed him to take charge, the people in control there can't be far behind their president.

But you're right about gas prices. This is the start, and they may moderate later this year, but they're not ever going to stay below $2/gal again. $5 or more is not unreasonable, and only then will we see real changes in people's behavior.

President Bush is right. 20 years from now we won't be dependent on middle-east oil, but it may not be from the actions he's thinking of. Hydrogen?? We'll be biking to work, those of us with jobs.

Okay, time to end rant.

nerfer

 

<div class='quotetop'>QUOTE(nerfer @ Apr 27 2006, 08:08 AM) [snapback]246096[/snapback]</div>

Yes, but supplies aren't tight just now, although they could probably get that way in a hurry.

 

<div class='quotetop'>QUOTE(ghostofjk @ Apr 27 2006, 04:05 PM) [snapback]246240[/snapback]</div>

Just imagine what things could be like today if we had learned our lesson from their behavior back in the 70's. If we had then embarked on the sort of energy-independence program some people are talking about now, maybe we wouldn't care how much a barrel of Iranian oil was selling for. Wouldn't that be nice? We have another opportunity now. Gasoline is high enough to make people think about it when they fill up. Some are changing their behaviors to use less gasoline. Most of the folks on this board have already changed their behavior, although that may not be the main reason they own a Prius. If enough people think about it, and start talking about it, there's a possibility we might actually do something about it this time. More people driving hybrids won't hurt a thing.