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| Syria-Lebanon-Iran |
| Iran warns of oil price hikes |
| 2006-09-02 |
| IRAN warned major oil-consuming nations today that the imposition of UN sanctions over its refusal to halt uranium enrichment would lead to a rise in oil prices, Iranian news agencies reported. "Sanctions on Iran and a sudden rise in global oil prices would hurt the economies of the large oil consuming nations," Deputy Foreign Minister Ali Reza Sheikh-Attar was quoted as saying. "With the rise of every dollar in the oil price, the economy of the large oil-consuming nations will be affected," he added, without elaborating. "We have devised different scenarios for the sanctions, and based on the opposite party's action we will implement our plans," he added. Iran ignored a UN Security Council deadline on Thursday to suspend uranium enrichment - a process used to power a nuclear reactor but which can also be used to provide the fissile core of an atomic bomb. The United States, leading the drive to impose sanctions on Iran, accuses it of seeking nuclear weapons, a charge it vehemently denies. |
| Posted by:tipper |
| #11 Stupid move. We are already investing in alternate sources (Shale, Coal) - hiking the prices may hurt the economies for a short time - but markets will adjust and Iran will find itself priced out of the market. |
| Posted by: CrazyFool 2006-09-02 19:05 |
| #10 "With the rise of every dollar in the oil price, the economy of the large oil-consuming nations will be affected," he added, without elaborating. Yeah, and so will yours, assbite! |
| Posted by: Lancasters Over Dresden 2006-09-02 18:11 |
| #9 Actually, glassing over Iran's military/nuclear facilities might just herald a period of stability and lower oil prices. |
| Posted by: Isiah Lutz-Newcomb 2006-09-02 16:11 |
| #8 In other words; "The Russians are charging us an arm and a leg for this high tech gear. We really need to step up the pace of this insanely expensive nuclear arms R&D push before they bomb the daylights out of us. So send lots more money." |
| Posted by: Zenster 2006-09-02 15:39 |
| #7 LOL Frank! Iran warns of oil price hikes 1) Go Ahead A$$atollahs make my/our day. see if I/we care. |
| Posted by: RD 2006-09-02 13:10 |
| #6 I would gladly take a match to Arianna Huffington's and AlGore's private jets if it would help...wait, is this a Global Warming thread? My bad |
| Posted by: Frank G 2006-09-02 13:03 |
| #5 LOL! |
| Posted by: 49 Pan 2006-09-02 13:03 |
| #4 49 Pan, I suspect that you are involved in too much of a magical thinking here. Taking out your SUV may not be that helpfull in the grand scheme of things. ;-) |
| Posted by: twobyfour 2006-09-02 12:50 |
| #3 F&$k them, start the sanctions and see who suffers more. I would gladly light a match to my SUV and take the loss if it meant we would be able to rid this planet of the nut cases in Iran. |
| Posted by: 49 Pan 2006-09-02 12:32 |
| #2 Iran is a net importer of refined products. Than we want to warn Iran that we are shifting towards an economy with alternative fuels, hybrid cars. That will result in a barrel price of less than $10 in about 10 years time. Another funny correlation...high oil prices and the level of the Dow Jones which is only 300 points away from its highest level since 2000.... |
| Posted by: Sheresh Jeaper4107 2006-09-02 11:54 |
| #1 For these clowns to say that sanctions mean nothing to them, they sure are saying that sanctions mean something to them. |
| Posted by: Captain America 2006-09-02 11:41 |