Article

2008-11-13 Syria-Lebanon-Iran

Iran ~~begs~~ urges Opec action on oil price

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Posted by Steve White 2008-11-13 00:00|| || Front Page|| [7 views ] Top

#1 Going to be hard for the Mad Mullahs to keep the population in line if they don't have cash to spread around to the Revolutionary Guards

They just going to switch to African model---as long as the Army is paid, the rest can starve.

Posted by g(r)omgoru 2008-11-13 01:39|| 2008-11-13 01:39|| Front Page Top

#2 Faster Please.

Posted by WilliamMarcyTweed 2008-11-13 09:06|| 2008-11-13 09:06|| Front Page Top

#3 So where do the MMs keep their billions? in Switzerland?

Posted by Alaska Paul 2008-11-13 10:09|| 2008-11-13 10:09|| Front Page Top

#4 So, does Saudi have the margin to put the screws to the Iranians on the downward slide? There were a lot fewer Saudis, and a lot more Saudi margin, back in the 80s during the last time this particular scenario played out.

Posted by Mitch H.">Mitch H. 2008-11-13 12:11|| http://blogfonte.blogspot.com/]">[http://blogfonte.blogspot.com/] 2008-11-13 12:11|| Front Page Top

#5 They sure bet the farm on $100 a bbl. oil after only a 2 year rally.
Don't know what to tell them. They can cut production, but they will probably need to do that anyway as they are going to run out of storage soon.

Posted by bigjim-ky 2008-11-13 13:42|| 2008-11-13 13:42|| Front Page Top

#6 It would be nice to see a comprehensive policy from the BO admin that included heavily expanded use of NG, the building of nukes and alternatives to just drive a spike in the price of oil. But I am dreaming.

Posted by remoteman 2008-11-13 15:40|| 2008-11-13 15:40|| Front Page Top

#7 Iran, the world's fourth-largest oil producer, has already cut about 200,000 bpd from an output of around 4.04m bpd in line with Opec's October agreement, an Iranian oil official said on Friday.

Idiots, that's a sure course to financial ruin, you don't make enough per barrel, so cut the number of barrels.

I say again Idiots.

Posted by Redneck Jim 2008-11-13 20:34|| 2008-11-13 20:34|| Front Page Top

#8 They won't go broke. There will just be less money for the mullahs to steal. Iran's terrestrial oil lifting cost is $2-3/barrel. Double that for offshore oil. Add another $2 for transport/processing onto tankers.

Posted by ed 2008-11-13 22:22|| 2008-11-13 22:22|| Front Page Top

#9 Oil lifting and transport costs may be low, but when you have MMs on the dole, and a big nuke program going, there ain't much left for the unwashed and ignorant masses

Posted by Alaska Paul in Nikolaevsk, AK 2008-11-13 22:42|| 2008-11-13 22:42|| Front Page Top

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