teddyformusic wrote in #18
American InRomania (unregistered) wrote in #7
If Iran thinks the limited market they have left will increase global oil prices if they stop exporting and/or production during an economic slowdown in Europe, America and China after Saudi Arabia, the United States, Mexico, Brazil, Russia, Canada and Venezuela have increased production this year; they are gravely mistaken.    ============ =================wel l...the funny thing about your statement is: while we can all probably agree that where "price counts and profiters".......... it doesn't matter to a PRODUCING country (russia, venezuela, brazil, iran, iraq, saudi arabia, indonesia, etc) -- "who buys" so long as they PAY....BUT  - since this is ALL tied to POLITICS promoted by the USA/WEST -- AGAINST "the others" -- namely : "the east" comprising Russia, China, Iran -- as examples -- or "the south" comprising the Latin America "emerging nations" (venezuela, Brazil, argentina, etc) ....it also is reasonable to consider that the "opposition" -- the "others" from the viewpoint of the West -- ALSO see it AS a political condition......and CAN choose - knowing that their oil and energy price selling will rise -- to align their "sales" plans WITH political consideration in mind......which means: YOU should not have included i n your list of "willing allies" to the WEST -- the "other" energy producing nations -- like RUSSIA and VENEZUELA and BRAZIL --  to merely "obey" what the USA tells the world in terms of "cooperating" to "cover the lack of oil" with THEIR sales TO the "western nations" ==- at the PRICE that the western nations DEMAND -- cheap price............in other words - RUSSIA, VENEZUELA, BRAZIL -- as part of the "emerging nations" -- CAN choose to not JUST profit  from Iran's withholding OIL for the west -- by "selling to the west" BUT AT A VERY HIGH PRICE -- while -- ch oosing to sell on a "more reasonable price to OTHER nations provided those nations SIDE with the Russians, Chinese, IRAN -- " 
AGAINST Western/USA dictates.........
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" On the New York Mercantile Exchange, the price of the benchmark grade fell $1.98 a barrel or 2.3 percent to $86.67, the lowest closing price since July 12." (New York Times, "Iran’s Warning to Oil Market Fails to Send Prices Higher" Oct 23, 2012)
See?  I told ya....

NYT Oct 23 - Iran threatened on Tuesday to halt all its oil exports if the West’s antinuclear sanctions on the country are strengthened, apparently in the hope that such a warning would spook the international petroleum market by raising prices and reminding the world of Iran’s potential to wreak havoc with the global economy.But the threat, made by Rostam Qasemi, Iran’s oil minister, at the World Energy Forum, a conference in Dubai, United Arab Emirates, appeared to have no impact. In a possible reflection of how steeply Iran’s influence in the market has eroded, oil prices fell to a three-month low.Iran holds the world’s fourth-largest oil reserves and was once the second-biggest producer in the Organization of Petroleum Exporting Countries, behind Saudi Arabia. But the regimen of American and European sanctions over the past year has severely restricted its ability to produce and sell oil, the country’s most important export.The International Energy Agency, a group of mostly Western oil importers, reported this month that Iran’s daily production fell to a nearly 25-year low of 2.63 million barrels a day in September and that oil exports that month totaled only 860,000 barrels a day, compared with 2.2 million barrels a day at the end of 2011.  ...But Mr. Qasemi’s remarks, which might have once caused oil traders to bid up the price on fears of a supply shortage, had no effect. On the New York Mercantile Exchange, the price of the benchmark grade fell $1.98 a barrel or 2.3 percent to $86.67, the lowest closing price since July 12. ...

they say that oil is just decayed dinosaur fat.  Which, for the longest time did not make sense to me.  China, Canada, and US seem to have the most dinosaur fossils.  But now it does knid of make sense.  they say with this fracking technology that North America and China have the biggest energy reserves in the world. 
All these dictators and tyrants probably hate the idea of fracking.  It means that they will have to build productive economies so that they can tax people for money.  But productive economies and dictators don't mix well.  Dictators prefer to keep the people poor, weak, and ignorant so that they are not a threat to power.

Piir khamenie.  nobody takes him seriously.  he says he is allahs sole representative on earth.  why won't anybody obey him?