Posted on 04/21/2008 4:49:11 PM PDT by Dawnsblood
Iran's hard-line President Mahmoud Ahmadinejad was quoted Saturday as saying crude oil prices at $115 a barrel are too low, and that oil must "discover its real value."
Oil prices have hit all-time highs above $115 a barrel in recent weeks, amid reports that oil and gasoline stocks in the United States were lower than expected and as the dollar sinks to record lows.
"The oil price of $115 a barrel in today's global markets is a deceiving figure. Oil is a strategic commodity that needs to discover its real value," the Web site of Iran's state-run television quoted Ahmadinejad as saying.
The Iranian president made the remarks during a visit to an oil and gas exhibition in Tehran late Friday.
Crude oil futures surged to a new trading record of $117 a barrel Friday following an attack on a key pipeline in Nigeria. The rise capped a week of record highs fueled by supply woes and the dollar's weakness relative to other major currencies.
Ahmadinejad said despite the surge in oil prices, the economic value of crude oil is currently less than what it was in 1980.
"While the price of other commodities have increased, the economic value of the current oil price is even less than 1980," he said.
Ahmadinejad accused Western industrialized nations of "selfishness" in their quest for cheaper oil.
"When they get hold of oil, they assume that oil is a free commodity and belongs to them and has wrongly been placed in other territories... This is the spirit of selfishness and arrogance," Ahmadinejad was quoted as saying.
(Excerpt) Read more at foxnews.com ...
Time to raise the price of wheat, rice and corn.
Some People Just Need Killing™.
Hillary said that OPEC will lower prices if we elect her because then they will know we are serious about breaking our dependence on foreign oil. They will lower their prices because of the new competition from windmills and geo thermal and solar energy. That’s what she said anyway.
Are we even selling food to the Iranians now? If we are, as soon as we raise those prices, Russia or China will undercut us to snuggle up to I’manutjob.
Independence from Middle East oil is a national defense goal that we should be pursuing with as much vigor as possible. That means open ANWR, open our shale oil, open every oil field we can get our drillbits on, and build more clean-coal and nuclear powerplants. And to hell with what the enviroweenies want. The survival of our nation is greater than the survival of caribou and snail darters, if it comes down to that.
}:-)4
> When they get hold of oil, they assume that oil is a free commodity and belongs to them and has wrongly been placed in other territories...
ALL YOUR OIL ARE BELONG TO US.
Some People Just Need Killing™.
Excellent
There was a thread called “Headlines from 2029” here awhile ago. I added the satirical headline “OPEC lowers price of oil to $200/barrel, a record low for the decade.” The sad thing is, by then it probably won’t be satire anymore.
Russia and China have limited food to sell. Heh.
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