[Brilliant]

I think it's going to rise above $100 this summer irrespective whether there is a cut off from Iran.

[mosquewatch.com]

We've had the noose around our neck for years, now they tighten it.

Jeff

[jdm]

"potentially stirring civil unrest in a nation with a 14 percent unemployment rate."

There's already unrest in Iran, AP. And a lot of uprising is against that country's leadership -- a VERY good thing.

[Mamzelle]

If they don't sell oil, what are they going to do for money?

[diverteach]

In addition to speculative fears over Iran, we all saw what hurricanes did last year to oil prices.

Gulf of Mexico water temperatures are around 10 degrees warmer, right now, from the average where they should be. It's pretty safe to assume that given the head start we now have towards a super-heated Gulf this upcoming hurricane season, I hate to say it but it doesn't look to good.

[Dane]

Every cloud has a silver lining, ANWR would finally open up, nuclear plants built, oil shale and tar sands developed, and more domestic use of coal.

[DoughtyOne]

That's okay. We'll send their gas past $10,000 per barrel.

[deport]

I think it's going to rise above $100 this summer irrespective whether there is a cut off from Iran.

---

Lots of the Gulf of Mexico production still shut in due to damage from the 05 hurricanes and maybe as much 1/6th will be that way when the 06 hurricane season gets here in June.

[Gribbles141]

I hear there's some oil tar shale in the Western U.S. and Alberta. Get to work.

[Zeroisanumber]

Very painful in the short term, but better for us in the long term. $100/barrel oil will dramatically spur alternative energy research and may lead to the "Energy Manhattan Project" that some have been calling for.

[Tzimisce]

Libs have fought for gas tax after gas tax after gas tax, now we're going to get a price spike.

I'm sure the left will blame (not Iran, not the UN oil sanctions, not their gas taxes) but American oil companies. While they're flying around eating steak and lobster and discussing what's wrong, middle America suffers.

[EagleUSA]

Should not effect (honestly, anyway) U.S. oil costs -- since the majority of U.S. oil comes from Canada, Saudi Arabia, Venezuela and Mexico. ONLY TEN PERCENT comes from Persia...

Choke on it Iran.

[bigsigh]

I'll pay $4 per gallon if someone will send the planes against the tyrannt in Teheran.

[lexington minuteman 1775]

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

[RightWhale]

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

[Neal_Lineberry]

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.

[traumer]

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

[jec41]

"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.

[cookcounty]

Quick....... which companies are developing shale oil in Utah and Colorado?

[tomahawk]

It's high oil prices for now vs. losing NYC and Washington, D.C. and the American economy for years.

I'll choose door #1.