Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

The Critical Chokepoint That Could Send Oil To $250
Oilprice.com ^ | 07-09-2018 | Irina

Posted on 07/09/2018 7:48:55 AM PDT by bananaman22

Crude oil prices could jump as high as US$250 a barrel if Iran goes through with its threat to close the Strait of Hormuz in response to U.S. pressure on oil buyers to cut their Iranian purchases to zero, RT reports, quoting analysts.

The most bullish among these analysts was Artem Avinov from online broker TeleTrade, who saw prices skyrocketing to US$250 a barrel if the Strait of Hormuz is blocked, disrupting about 17 million bpd in seaborne oil trade. Avinov, however, added that this course of events is very unlikely, suggesting Iran would instead opt for “a quick economic or military retaliation, which will lead to the lifting of restrictions.”

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; Politics
KEYWORDS: djibouti; egypt; energy; erdogan; eritrea; gaza; hamas; hassannasrallah; hezbollah; hormuz; hydrocarbons; iran; isis; israel; jerusalem; jordan; kurdistan; kuwait; lebanon; letshavejerusalem; maga; mullahworshippers; oil; oilprices; oman; opec; qatar; receptayyiperdogan; russia; sinai; straitofhormuz; syria; turkey; waronterror; yemen
Navigation: use the links below to view more comments.
first 1-2021-32 next last

1 posted on 07/09/2018 7:48:55 AM PDT by bananaman22
[ Post Reply | Private Reply | View Replies]

To: bananaman22

or every Oil producer in the region could attack Iran


2 posted on 07/09/2018 7:50:40 AM PDT by butlerweave
[ Post Reply | Private Reply | To 1 | View Replies]

To: butlerweave

That is what would happen. Every other Gulf state would be out for Iran’s blood.


3 posted on 07/09/2018 7:52:27 AM PDT by Army Air Corps (Four Fried Chickens and a Coke)
[ Post Reply | Private Reply | To 2 | View Replies]

To: butlerweave
or every Oil producer in the region could attack Iran

In which case it might reach $300

4 posted on 07/09/2018 7:53:13 AM PDT by montag813
[ Post Reply | Private Reply | To 2 | View Replies]

To: bananaman22

Good news for U.S. oil exports, and likely U.S. domestic prices will not have to rise that high.

But Trump could make a temporary huge release of domestic oil stockpile for domestic consumption only; just until our military takes out the Iranian military’s interference in the straight of Hormuz.


5 posted on 07/09/2018 7:53:15 AM PDT by Wuli
[ Post Reply | Private Reply | To 1 | View Replies]

To: bananaman22

The mullahs are holding onto their power by their fingernails. They are not getting pallets of US dollars anymore, and their economy is in trouble. How would they block Hormuz without getting humiliated?


6 posted on 07/09/2018 7:53:23 AM PDT by lurk
[ Post Reply | Private Reply | To 1 | View Replies]

To: bananaman22

Probably the most pointless clickbait of the day.


7 posted on 07/09/2018 7:53:55 AM PDT by Larry Lucido
[ Post Reply | Private Reply | To 1 | View Replies]

To: bananaman22
I oil spikes to $250 a barrel you will see a massive, unprecedented surge of American fracking and drilling the like the world has never seen. The Iranians would ensure further growth and dominance of the American energy industry and the market share lost to America will take a long time to get back, if ever. Do these idiot Iranians mullahs think that the private American oil industry moves at government speed?

Do it Iran, I would rather by American oil and gas and watch my country grow more prosperous.

8 posted on 07/09/2018 7:54:39 AM PDT by WMarshal (Because we're America, Bitches!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bananaman22

Calling dibs on any Persian Bass Boats that survive an encounter with US Navy.


9 posted on 07/09/2018 7:58:24 AM PDT by donozark (Restraining orders are just another way of saying I love you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bananaman22

I have not been impressed with oilprice.com.

I do not read them any more.


10 posted on 07/09/2018 7:58:55 AM PDT by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bananaman22

Trying to crash the market and drive up oil prices.


11 posted on 07/09/2018 7:59:21 AM PDT by Arm_Bears (Hey, Rocky--Watch me pull a rabbit out of my hat!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bananaman22

This is just more nonsense chatter by the traders to scare up the price of oil.

First off, I question if Iran even possesses the capability to close the Strait of Hormuz.

Second, if they did have the capability, which I don’t think they do, the economies of almost every oil producing nation in the region would be so imperiled so as to destabilize each of those countries politically. Do you think the Sauds or anyone else in the region would go quietly in the night? Pffft...

But again, in my view, these types of articles are intentionally floated for purposes of ratcheting up the price of oil, either on the trader’s behalf, or on behalf of Russia, the Sauds, or whichever other oil country needs more lucre for their failed political system and to keep the peasants happy.


12 posted on 07/09/2018 8:03:23 AM PDT by Obadiah
[ Post Reply | Private Reply | To 1 | View Replies]

To: bananaman22

It would hurt Iran most of all. They’ll make some noise though.


13 posted on 07/09/2018 8:04:56 AM PDT by E. Pluribus Unum (<img src="http://i.imgur.com/WukZwJP.gif" width=600><p>https://i.imgur.com/zXSEP5Z.gif)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bananaman22

Operation Praying Mantis

http://www.navy.mil/ah_online/ftrStory.asp?id=73470


14 posted on 07/09/2018 8:05:32 AM PDT by Spruce
[ Post Reply | Private Reply | To 1 | View Replies]

To: bananaman22

That’s why we have oil company stocks.


15 posted on 07/09/2018 8:08:59 AM PDT by subterfuge (RIP T.P.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bananaman22

BOO!!

Did I scare you?

Yes?

Good, now follow my instructions...............


16 posted on 07/09/2018 8:11:33 AM PDT by gdzla (Tyrannis Seditio, Obsequium Deo)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bananaman22

If Iran did that they would be cutting their own throats.....................


17 posted on 07/09/2018 8:14:15 AM PDT by Red Badger (July 2018 - the month the world discovered the TRUTH......Q Anon)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Army Air Corps

For real. Every other oil producer in the region is Arab, Iranians are Persian. They don’t like each other a lot.............


18 posted on 07/09/2018 8:15:32 AM PDT by Red Badger (July 2018 - the month the world discovered the TRUTH......Q Anon)
[ Post Reply | Private Reply | To 3 | View Replies]

To: marktwain

And they are quoting RT..................


19 posted on 07/09/2018 8:17:06 AM PDT by Red Badger (July 2018 - the month the world discovered the TRUTH......Q Anon)
[ Post Reply | Private Reply | To 10 | View Replies]

To: bananaman22

Does anyone in there right mind think the US would let that happen? I do not think so!


20 posted on 07/09/2018 8:18:23 AM PDT by TrumpisRight
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-32 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

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