| Submit your comments on this article |
| Syria-Lebanon-Iran |
| 'Iran invasion will triple oil price' |
| 2011-11-09 |
| [Iran Press TV] A senior Iranian politician says Iran's geopolitical position ensures that the slightest act of aggression against the country will drive oil prices through the roof. Member of the Majlis (Parliament) National Security and Foreign Policy Committee Mohammad-Karim Abedi said on Tuesday that Iran will be the one to take the final decision if it is militarily attacked and such an attack would increase oil prices by threefold. Abedi's remarks follow November 6 remarks by Israeli President Shimon Peres, who threatened that an attack against Iran was becoming "more and more likely." The United States and Israel have repeatedly threatened Tehran with an attack under the pretext that Iran's nuclear program may have a covert military aspect. Tehran has categorically refuted the West's allegations, saying as a signatory to the Nuclear Non-Proliferation Treaty, it has the right to develop and acquire nuclear technology for peaceful purposes. Iranian officials have promised a crushing response to any military strike against the country, warning that any such measure could result in a war that would spread beyond the Middle East. "Just as the Socialist economy disintegrated, today, the Liberal economy is falling to pieces, and that is the reason the US and the Zionists [Israelis], who have maintained their inauspicious existence through threats and intimidation opt to threaten nations," Fars News Agency quoted Abedi as saying. "But they should know that the existence of the Zionist regime [of Israel] will end forever with the smallest measure it takes against Iran," he warned. He further rejected allegations spearheaded by the US and Israel against Iran's peaceful nuclear energy program and reminded that as a member of the international Atomic Energy Agency (IAEA) and a signatory to the Nuclear Non-Proliferation Treaty, Iran has the right to obtain its civilian nuclear needs. Abedi condemned Israel's control over the IAEA ahead of the agency's upcoming report on Iran's nuclear activity, and called on Director General, Yukiya Amano to "convey the realities to the international community" instead of relying on the lies the US and Israel have hurled against the Iranian nation. "Iran has passed the nuclear issue and we are a nuclear and independent country, and thus a war against Iran is a war against humanity and democracy," he insisted. The Iranian politician downplayed Israeli war rhetoric against the Iran, saying the regime is "too small" for a military attack against the Islamic Theocratic Republic. |
| Posted by:Fred |
| #18 "Iran invasion will triple oil price..." A bargain at twice the price. |
| Posted by: Angoper Smith4384 2011-11-09 21:52 |
| #17 There's enough intel indicating that Iran's Quds Force assets are embedded in the Gulf nations (as well as other places). It's possible that those governments are aware of who and where those assets are, and might be ready to take action. However, I'd bet on there being significant disruption. And the Iranians wouldn't necessarily have to sink a tanker. |
| Posted by: Pappy 2011-11-09 21:03 |
| #16 Unless Iran expands the war to all the Persian Gulf countries Most likely they intend to do just that, starting with sinking a tanker or two in the Strait of Hormuz. Just the insurance premiums for oil transports would damage the world economy. |
| Posted by: Anguper Hupomosing9418 2011-11-09 17:40 |
| #15 There might be a targeting of Iran's nuke capability but IMHO there's not going to be an invasion. Oil prices would most likely go up unless production increases elsewhere. |
| Posted by: JohnQC 2011-11-09 15:27 |
| #14 Only until we steal all your Oil! |
| Posted by: CrazyFool 2011-11-09 15:18 |
| #13 Why not process it in Canada? You still need pipelines (now multiple) to export it. |
| Posted by: Eohippus Phater7165 2011-11-09 13:48 |
| #12 Iran exports 2.5M bbl/day and decreasing. That is about what Iraq exports and about half what Iraq is expected to export in a few years. Unless Iran expands the war to all the Persian Gulf countries, their production won't be missed, except the by kleptomaniac ayatollahs. |
| Posted by: Eohippus Phater7165 2011-11-09 13:47 |
| #11 What about processing it in North Dakota for distribution in the Midwest and beyond There are no refineries in ND, SD, or NE. The chance of the Obama admin approving new refineries? His moniker - Zero. There are a few small refineries in Kansas, but they can handle on a small fraction of the pipeline's capacity. The next largish refinery capacity (<1M bbl/day) is in Illinois, but if your gonna go that far, might as well just go the oil terminus at Cushing, OK (which it does). |
| Posted by: Eohippus Phater7165 2011-11-09 13:41 |
| #10 Why not process it in Canada? |
| Posted by: Canuckistan sniper 2011-11-09 13:39 |
| #9 My problem with Keystone is it uses union labor to build a pipeline to Texas through the Ogallala aquifer and Right-to-Work states. What about processing it in North Dakota for distribution in the Midwest and beyond, creating many more jobs than just the pipeline? |
| Posted by: Lumpy Elmoluck5091 2011-11-09 12:17 |
| #8 WEAK! Good Grief Charley!. |
| Posted by: Dale 2011-11-09 11:11 |
| #7 bman yea Keystone!. Then North Dakota. We have the potential to be the worlds biggest producer. We just have to get government out of the way. Good Jobs, money in the bank, pay off China and get this country back on solid ground. The House of Saud fear the Iranians work a deal with them if you have to. Temporally, they are an Ally (hopefully). So oil will jump a little with world economies so week demand can only go up big time if we have a severe winter. Similar to when Kuwait was on fire. |
| Posted by: Dale 2011-11-09 11:04 |
| #6 Keystone. |
| Posted by: bman 2011-11-09 10:17 |
| #5 All this does is make the speculators rich. There is plenty of oil elsewhere to feed the world supply. We buy no oil from them. The oil speculators and the pests and vermin in the COMEX and Wall Street want everyone to believe this is what will happen...they want to be rich. I think we need to outlaw speculation on oil prices in the spot market. |
| Posted by: Bill Clinton 2011-11-09 09:43 |
| #4 I think we'd see $25/gal easily before it disappeared altogether for a bit - The One would almost certainly make matters worse by trying to make sure everybody suffered 'evenly'. Mike |
| Posted by: Mike Kozlowski 2011-11-09 05:40 |
| #3 Not according to Canada. |
| Posted by: g(r)omgoru 2011-11-09 02:30 |
| #2 Don't ever invade a shithole like Iran. Use anything nasty you want just don't go do a ground invasion. |
| Posted by: Water Modem 2011-11-09 01:23 |
| #1 How high do 'Burgers think oil will go if Iran gets its nuclear weapons? |
| Posted by: Anguper Hupomosing9418 2011-11-09 00:05 |