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Iran Sanctions Could Drive Oil Past $100
AP via Yahoo! ^ | January 22, 2006 | Brad Foss and George Jahn

Posted on 01/22/2006 4:15:31 PM PST by Brilliant

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To: Brilliant

DRILL ANWR...BUILD NUCLEAR...GIVE INCENTIVES TO COMPANIES DEVELOPING ALTERNATIVE ENERGY STUFF...


21 posted on 01/22/2006 4:40:17 PM PST by lexington minuteman 1775
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To: EagleUSA

The oil price is determined globally, though. Do you think that the Canadians are going to continue to sell their oil in the US for $60 a barrel if they can sell it in Europe for $100?


22 posted on 01/22/2006 4:40:20 PM PST by Brilliant
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To: diverteach
"Gulf of Mexico water temperatures are around 10 degrees warmer, right now, from the average where they should be. "

I've had my AC on a large part of the day today. (I'm in Mobile)

23 posted on 01/22/2006 4:42:36 PM PST by blam
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To: Brilliant

Do you think that the Canadians are going to continue to sell their oil in the US for $60 a barrel if they can sell it in Europe for $100?
-----
Certainly not. But how much are they going to sell at $100 per bbl? Yes, I would like to see it happen -- maybe our lame Washington government might get serious about sourcing our own oil for a change....(just maybe)...


24 posted on 01/22/2006 4:44:33 PM PST by EagleUSA
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To: diverteach
Gulf of Mexico water temperatures are around 10 degrees warmer, right now, from the average where they should be.

Not at all. Look here. Click on NCODA and select "SST Anomaly." Pretty near average....there ain't no normal...only departures from average.

25 posted on 01/22/2006 4:45:47 PM PST by stboz
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To: blam

Howdy neighbor! I'm over in Destin and had my a/c on for a bit today as well.


26 posted on 01/22/2006 4:46:26 PM PST by diverteach
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To: Brilliant

What was that broker that said oil would be over $100 by now? It was sometime last fall about the time of Katrina.


27 posted on 01/22/2006 4:47:48 PM PST by RightWhale (pas de lieu, Rhone que nous)
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To: blam; diverteach

AC? wwahhhhh We've got AC up here too, but ours stands for "arctic cold". It's -25 right now, and colder weather is predicted come tomorrow night. The heat wave is ending, and Russia's sending us a big chill. ;)


28 posted on 01/22/2006 4:51:31 PM PST by Chena (I'm not young enough to know everything.)
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To: Dark Skies

;I grew up with horses and would always prefer horses to SUVs

I did not grow up with horses and spent a week on Mackinac Island Michigan, which only has horses and bicycles for transportation. Had I stayed there two more days I'd have gone off and invented the automobile.

More power to you if you do enjoy horses I've nothing against that. But for me I prever horsepower of a different variety.


29 posted on 01/22/2006 4:51:54 PM PST by festus (The constitution may be flawed but its a whole lot better than what we have now.)
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To: stboz

I don't care what anybody else says, I teach scuba in the northern gulf and am in the water ALL the time. We keep log books detailing each dive and conditions which includes water temperature.


30 posted on 01/22/2006 4:52:13 PM PST by diverteach
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To: Tzimisce
I am one of those pigs...

WANT to blame someone? Try the tree hugging not in my backyard kumba ya crowd...they have successfully prevented progress, and NOW you want to blame the company who has had their hands TIED?

Pass the butter...the lobster is great and I just LOVE my frequent flier miles!

YEEEHAH!!!!!!

My suggestion buy one of the following stocks: RES,SPN or WHQ you can not lose when the prices go higher! OHHH if the ragheads start torching wells in the Middle East buy WEL.

Other than that, I love capitalism!

31 posted on 01/22/2006 4:54:57 PM PST by antivenom (If you're not living on the edge, you're taking up too much damn space!)
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To: Mamzelle
If they don't sell oil, what are they going to do for money? It's a question of who they sell oil to...China.
32 posted on 01/22/2006 4:56:50 PM PST by Fitzcarraldo
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To: diverteach
"Howdy neighbor! I'm over in Destin and had my a/c on for a bit today as well."

What's up? It's January, suppose to be cold.

33 posted on 01/22/2006 4:58:43 PM PST by blam
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To: festus
More power to you if you do enjoy horses I've nothing against that. But for me I prever horsepower of a different variety.

I like automobiles too (my family has been in the ups and plenty of downs of that business for many generations).

But I would like to offer the middle finger to the Middle East.

We can invent our way beyond those perverts.

34 posted on 01/22/2006 5:02:57 PM PST by Dark Skies ("A lie gets halfway around the world before the truth has a chance to get its pants." -- Churchill)
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To: Brilliant

Don't understand how ANYONE that loves this country could EVER vote for a 'rat. 1980, after suffering thru an energy crises, what does Jimmuh Carter do? Signs into law the The Alaska National Interest Lands Conservation Act, which creates ANWR! UN-BELIEVABLE.

Don't get me started on the criminal known as Lyndon Johnson (think welfare state)...and Clinton, who was more concerned about the number of water gallons in my shi&&er than he was about terrorists.


35 posted on 01/22/2006 5:05:55 PM PST by Neal_Lineberry
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To: Brilliant

The first victims already arrived - GM and FORD...


36 posted on 01/22/2006 5:05:56 PM PST by traumer
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To: RightWhale
"What was that broker that said oil would be over $100 by now? It was sometime last fall about the time of Katrina."

It'll get there.

The Iranians will block the strait of Hormuz even if they have to use Kamakazee(sp) fighter jet attacks on the tankers going through there, we won't be able to stop them all.

Any conflict in/with Iran will affect more than Iranian oil.

The Persian Gulf is fairly shallow, it only re-filled between 7-8,000 years ago. (Probably the source of some of the flood myths too)

37 posted on 01/22/2006 5:07:03 PM PST by blam
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To: Brilliant
"Even if Iran pulled a small amount of its oil off the market, say it pulled a half million barrels a day, I could see oil prices literally jumping over the $100 per barrel mark,"

How does this hurt Iran? They pull half a million off the market and price goes to $100 a barrel and they then sell two million barrels a day for $100 dollars a barrel. 2.5 million barrels at $60 a barrel is 150 million dollars a day. 2 million barrels a day at $100 a barrel is 200 million dollars a day. They pick up 50 million dollars a day. Whoever comes up with these scenarios needs to learn how to do math.
38 posted on 01/22/2006 5:10:18 PM PST by jec41 (Screaming Eagle)
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To: blam

Any attack or threat of attack will stop shipping, but it will also make neutralization of the threat necessary. The first shots in the war might well be related to the Strait of Hormuz rather than to the nuke threat.


39 posted on 01/22/2006 5:10:29 PM PST by RightWhale (pas de lieu, Rhone que nous)
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To: RightWhale

What was that broker that said oil would be over $100 by now? It was sometime last fall about the time of Katrina.

It wasn't Steve Forbes who said it was going down to $40.


40 posted on 01/22/2006 5:12:56 PM PST by jec41 (Screaming Eagle)
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