OPEC: "unlimited" oil prices if Iran is attacked

Spytheweb

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"The prices would go unlimited," Badri said during the interview, referring to the effect of a military conflict. "I can't give you a number."

Analysts said the timing of Badri's remarks was noteworthy, given that the idea of an attack on Iran has been around for years. In addition, an attack on Iran would probably not specifically target oil facilities, said Johannes Benigni, managing director of JBC, an oil research and consulting firm in Vienna.

"Perhaps OPEC wants to say to the Americans in particular that there would be an economic price to be paid for an attack on Iran," said Daniel Gros, director of the Center for European Policy Studies in Brussels. "Gulf leaders also know that if a war broke out, the situation of some Gulf states also would become more uncomfortable and could have political difficulties for them domestically," he said, noting that some have their own Shia minorities.
 

kosar

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Iran is begging, BEGGING for Israel to bomb them. It would be the best thing that ever happened to their country.

Then they get us engaged in the Strait of Hormuz, Iraq and Lebanon, with the general indifference of the world(at best), even more than usual.

That's EXACTLY what we need right now.
 

RAYMOND

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Iran is begging, BEGGING for Israel to bomb them. It would be the best thing that ever happened to their country.

Then they get us engaged in the Strait of Hormuz, Iraq and Lebanon, with the general indifference of the world(at best), even more than usual.

That's EXACTLY what we need right now.

this why we need to drill our oil , so we can stay out of the middle east:drinky:


i bet you , there oil under your house:142smilie
 

kosar

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this why we need to drill our oil , so we can stay out of the middle east:drinky:


i bet you , there oil under your house:142smilie


I agree, in general, that we need to drill. It wouldn't have any affect for a decade, but at least it's something.

It DEFINITELY won't any difference in the short term.

And yes, the potential oil deposits under my house would be a nice reprieve.
 
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