Godlike Productions - Discussion Forum
Users Online Now: 2,303 (Who's On?)Visitors Today: 517,037
Pageviews Today: 852,866Threads Today: 289Posts Today: 4,860
10:09 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!

 
Anonymous Coward
User ID: 21318095
Ireland
08/05/2012 10:37 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
Oh shit, that means petrol will go sky high.Time to get the mountain bike out of the garage lol
 Quoting: Eye Believe


Wish I could use a bike, I would. But I actually do live on a mountain and the uphill ride's too steep. I looked at cycles with battery powered motors, but they cost about £1000. So I guess petrol (gas) rules.
DoorBert  (OP)

User ID: 1495371
United States
08/05/2012 10:40 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
Iran’s Defense Minister Brigadier General Ahmad Vahidi has warned that any military adventurism by the israeli regime against Tehran would mean self-destruction for Tel Aviv.

“The Zionist regime (Israel) knows that attacking Iran is an unattainable wish, unless the regime seeks to commit suicide,” Vahidi said on Sunday.

[link to counterpsyops.com]
Anonymous Coward
User ID: 6286612
United States
08/05/2012 10:48 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
blahblah
Erectus

User ID: 14823865
United States
08/05/2012 10:50 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
I don't see Iran closing the straight unless they are attacked. To do so would ensure the end of that regime, and what regime wants that?

I also don't see Iran sinking a few US carriers. Do you really think the US navy would just sail their carriers into dangerous waters when they wouldn't even have to to accomplish their mission? Iran does have the capability to attack a carrier, and given enough missiles could probably make a few hits. The navy guys know this so they'll just stay out of range and let their aircraft fly a little farther.

It's the destroyers and littoral ships that will be put in harms way. They'll be the ones sent into the straight along with the anti-mining ships. I expect they'll send in Aegis destroyers.

There are enough land based aircraft within range of Iran that the carriers can sit back and play a bit of a secondary role. Land based aircraft, such as F15s can be used as loitering aircraft, while the carrier based F18s can serve as strike aircraft on whatever targets they can reach. It takes less fuel to fly in and blow and something up, then fly home,than it does to hang around waiting for a target. Also the carrier planes can be used to control the waters surrounding Iran. There are always tankers available, too.
Erectus
DoorBert  (OP)

User ID: 1495371
United States
08/05/2012 10:57 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
MPs, Army, IRGC commanders study security of Persian Gulf, Hormuz Strait

Tehran, August 5, IRNA -- Security of the Persian Gulf and Strait of Hormuz was studied by MPs and Commander of IRGC Navy Rear-Admiral Ali Fadavi and Army's Navy Commander Rear-Admiral Habibollah Sayyari on Sunday.

[link to irna.ir]
oO
User ID: 21318963
Aruba
08/05/2012 10:59 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
The moral of this story..?

Israel uses fearmongering and threats to Iran..again

sigh..

The GLP zion propaganda train operated by jewbert.


Peace
Anonymous Coward
User ID: 20224353
United States
08/05/2012 11:04 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
It also has to do with the markets going up the last days. Speculators follow. Either way, one thing is for sure, no economy (good or bad) can sustain $109 a bucket of the black gold - especially this economy!
 Quoting: 2012Portal


Your short statement says more in it than this whole thread !

The war mongering is being turned up to support the American Dollar/Reserve Currency/Petrodollar (all the same thing) while it is being printed into embossed toilet paper.

It's that simple as everyone tries to rewrite history with their so called world financial intellect.
Anonymous Coward
User ID: 20435160
United States
08/05/2012 11:07 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
Always like your posts, Doorbert. Good info.
Anonymous Coward
User ID: 1298661
United States
08/05/2012 11:08 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
rigged for the money grubbers. they need the volatility to push prices higher so they can distribute high and make mad profits. once they have dumped their positions the ME will settle down for a while so they can reload at lower prices in preparation for the next engineered price spike. rinse and repeat, rinse and repeat. freaking sheep are so stupid.
Superfly4444

User ID: 19055858
United States
08/05/2012 11:10 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
There is nothing in the price per barrel that is any relationship to anything of logic. Prices per gallon on gasoline in Saudi Arabia, Iran, Venezuela are at the same low ridiculous price they always have been. The price per barrel now is low compared to Pres. Bush's days but the price at the pump is NOW around the same as Bush's highest. Never in my life have I seen a more blatant rip off scheme at OIL. Everyone and their mother is getting a cut but you and I! If you notice..the so called experts always have about a half dozen reasons for either Oil's or Gasoline's increase or drop. That's because they have no damn idea what so ever! I can't even stand to listen to the bullshit anymore. It gets me so pissed off and makes me want to have bad thoughts to the liars that be! Let's see...the latest round of excuses that are popular this week. The all encompassing and always reoccurring "middle east tensions", next USA fans, DROUGHT so corn is high and the mandatory ethanol is now costly, Next, pipeline in Wisconsin broke, Next and last, the always reoccurring Refinery Blaze. It's a constant crime in progress!
Mr. Toppit

User ID: 21316972
United States
08/05/2012 11:13 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
I don't see Iran closing the straight unless they are attacked. To do so would ensure the end of that regime, and what regime wants that?

I also don't see Iran sinking a few US carriers. Do you really think the US navy would just sail their carriers into dangerous waters when they wouldn't even have to to accomplish their mission? Iran does have the capability to attack a carrier, and given enough missiles could probably make a few hits. The navy guys know this so they'll just stay out of range and let their aircraft fly a little farther.

It's the destroyers and littoral ships that will be put in harms way. They'll be the ones sent into the straight along with the anti-mining ships. I expect they'll send in Aegis destroyers.

There are enough land based aircraft within range of Iran that the carriers can sit back and play a bit of a secondary role. Land based aircraft, such as F15s can be used as loitering aircraft, while the carrier based F18s can serve as strike aircraft on whatever targets they can reach. It takes less fuel to fly in and blow and something up, then fly home,than it does to hang around waiting for a target. Also the carrier planes can be used to control the waters surrounding Iran. There are always tankers available, too.
 Quoting: Erectus


Defend against the US. Pour missiles into Israel and SA. Blow up oil tankers and pipelines.

You are exactly right. The US will do some retaliation then run like hell to get out of range.
Elsabiades...
User ID: 688491
Puerto Rico
08/05/2012 11:14 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
rigged for the money grubbers. they need the volatility to push prices higher so they can distribute high and make mad profits. once they have dumped their positions the ME will settle down for a while so they can reload at lower prices in preparation for the next engineered price spike. rinse and repeat, rinse and repeat. freaking sheep are so stupid.
 Quoting: Anonymous Coward 1298661


True...the billionaires will always be able to assign any reason to raise prices...but this time they have a problem that they cannot control: demand. With the global economy in chaos; either in a depression or postering for a recession; the "owner's" have created a monster that they cannot tame.....
macssam
User ID: 10244125
Belize
08/05/2012 11:21 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
finally the world will find out
www.youtube.com/watch?v=j8D1r1Dz-5o
that nukes DON'T work

+


Following recent fluctuations in the global oil markets, crude prices have neared USD 109 per barrel over tensions with Iran.

[link to www.presstv.ir]
 Quoting: DoorBert
Judethz

User ID: 20521597
United Kingdom
08/05/2012 11:26 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
Following recent fluctuations in the global oil markets, crude prices have neared USD 109 per barrel over tensions with Iran.
 Quoting: DoorBert


hormuzskitty Ouch, sounds like $4.00 plus gas to me.
Anonymous Coward
User ID: 15030656
United States
08/05/2012 11:26 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
Following recent fluctuations in the global oil markets, crude prices have neared USD 109 per barrel over tensions with Iran.

[link to www.presstv.ir]
 Quoting: DoorBert


MSM bsflag

Truth About Gas Prices

Anonymous Coward
User ID: 20224353
United States
08/05/2012 11:27 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
rigged for the money grubbers. they need the volatility to push prices higher so they can distribute high and make mad profits. once they have dumped their positions the ME will settle down for a while so they can reload at lower prices in preparation for the next engineered price spike. rinse and repeat, rinse and repeat. freaking sheep are so stupid.
 Quoting: Anonymous Coward 1298661


True...the billionaires will always be able to assign any reason to raise prices...but this time they have a problem that they cannot control: demand. With the global economy in chaos; either in a depression or postering for a recession; the "owner's" have created a monster that they cannot tame.....
 Quoting: Elsabiades... 688491


You stupid asses dont understand that is the US Gobermant that is running the price of oil up to support the dollar that they are printing and encumbering with debt.

I bet 99.9% have no idea how oil is traded around the world..........do you ?
Here...............read and learn


Since the agreements of 1971 and 1973, OPEC oil is exclusively quoted in US dollars. This created a permanent demand for dollars on the international exchange markets.[2][3] As of 2005, OPEC continues to trade in US Dollars, but some OPEC members (such as Iran and Venezuela) have been pushing for a switch to the euro.

and what happened in 1971 thanks to Nixon ?

[link to en.wikipedia.org (secure)]
[link to en.wikipedia.org (secure)]

What a bunch of non educated idiots that are posting on this thread.

Billionaires and Speculators ?

laugh
Anonymous Coward
User ID: 20705582
United States
08/05/2012 11:35 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
Any attack on Iran will be the trigger event for what will come next...

Thread: Welcome to the beginning of the end

I suppose the inevitable can be held back only for so long.

Shame, we had a chance.
Erectus

User ID: 14823865
United States
08/05/2012 11:36 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
I don't see Iran closing the straight unless they are attacked. To do so would ensure the end of that regime, and what regime wants that?

I also don't see Iran sinking a few US carriers. Do you really think the US navy would just sail their carriers into dangerous waters when they wouldn't even have to to accomplish their mission? Iran does have the capability to attack a carrier, and given enough missiles could probably make a few hits. The navy guys know this so they'll just stay out of range and let their aircraft fly a little farther.

It's the destroyers and littoral ships that will be put in harms way. They'll be the ones sent into the straight along with the anti-mining ships. I expect they'll send in Aegis destroyers.

There are enough land based aircraft within range of Iran that the carriers can sit back and play a bit of a secondary role. Land based aircraft, such as F15s can be used as loitering aircraft, while the carrier based F18s can serve as strike aircraft on whatever targets they can reach. It takes less fuel to fly in and blow and something up, then fly home,than it does to hang around waiting for a target. Also the carrier planes can be used to control the waters surrounding Iran. There are always tankers available, too.
 Quoting: Erectus


Defend against the US. Pour missiles into Israel and SA. Blow up oil tankers and pipelines.

You are exactly right. The US will do some retaliation then run like hell to get out of range.
 Quoting: Mr. Toppit


What's your point?

If you are in a fight and you have a scoped 30-06 and your opponent has a 38 special do you wage battle 10 yards away or 300 yards away?
Erectus
Anonymous Coward
User ID: 1003086
India
08/05/2012 11:37 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
war is a racket
kill your own government to end this

+

Following recent fluctuations in the global oil markets, crude prices have neared USD 109 per barrel over tensions with Iran.

[link to www.presstv.ir]
 Quoting: DoorBert

 Quoting: macssam 12953555


agent
Anonymous Coward
User ID: 2926765
United States
08/05/2012 11:41 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
God bless Iran
 Quoting: Anonymous Coward 15614423


yes....may they fight bravely
xxx
User ID: 1391487
United States
08/05/2012 11:45 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
until the car, folks rarely traveled further
than 20 miles from home.
the ptb want the plebians returned to that status.
easier to control us this way.
Mr. Toppit

User ID: 21316972
United States
08/05/2012 11:49 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
I don't see Iran closing the straight unless they are attacked. To do so would ensure the end of that regime, and what regime wants that?

I also don't see Iran sinking a few US carriers. Do you really think the US navy would just sail their carriers into dangerous waters when they wouldn't even have to to accomplish their mission? Iran does have the capability to attack a carrier, and given enough missiles could probably make a few hits. The navy guys know this so they'll just stay out of range and let their aircraft fly a little farther.

It's the destroyers and littoral ships that will be put in harms way. They'll be the ones sent into the straight along with the anti-mining ships. I expect they'll send in Aegis destroyers.

There are enough land based aircraft within range of Iran that the carriers can sit back and play a bit of a secondary role. Land based aircraft, such as F15s can be used as loitering aircraft, while the carrier based F18s can serve as strike aircraft on whatever targets they can reach. It takes less fuel to fly in and blow and something up, then fly home,than it does to hang around waiting for a target. Also the carrier planes can be used to control the waters surrounding Iran. There are always tankers available, too.
 Quoting: Erectus


Defend against the US. Pour missiles into Israel and SA. Blow up oil tankers and pipelines.

You are exactly right. The US will do some retaliation then run like hell to get out of range.
 Quoting: Mr. Toppit


What's your point?

If you are in a fight and you have a scoped 30-06 and your opponent has a 38 special do you wage battle 10 yards away or 300 yards away?
 Quoting: Erectus



Maybe you haven't looked closely. We have how many trillions in military assets sitting within range of that 38 special not to mention their Russian and Chinese acquisitions. I just want to say - with all the brains in the Pentagon, it only takes 1 oddball kenyan muslim in the WH to lose a war. US strategy sucks, from the top down.
Gerry52

User ID: 5789790
United States
08/05/2012 11:52 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
rigged for the money grubbers. they need the volatility to push prices higher so they can distribute high and make mad profits. once they have dumped their positions the ME will settle down for a while so they can reload at lower prices in preparation for the next engineered price spike. rinse and repeat, rinse and repeat. freaking sheep are so stupid.
 Quoting: Anonymous Coward 1298661


True...the billionaires will always be able to assign any reason to raise prices...but this time they have a problem that they cannot control: demand. With the global economy in chaos; either in a depression or postering for a recession; the "owner's" have created a monster that they cannot tame.....
 Quoting: Elsabiades... 688491


You stupid asses dont understand that is the US Gobermant that is running the price of oil up to support the dollar that they are printing and encumbering with debt.

I bet 99.9% have no idea how oil is traded around the world..........do you ?
Here...............read and learn


Since the agreements of 1971 and 1973, OPEC oil is exclusively quoted in US dollars. This created a permanent demand for dollars on the international exchange markets.[2][3] As of 2005, OPEC continues to trade in US Dollars, but some OPEC members (such as Iran and Venezuela) have been pushing for a switch to the euro.

and what happened in 1971 thanks to Nixon ?

[link to en.wikipedia.org (secure)]
[link to en.wikipedia.org (secure)]

What a bunch of non educated idiots that are posting on this thread.

Billionaires and Speculators ?

laugh
 Quoting: Anonymous Coward 20224353


I think I speak for everyone when I say how lucky we are to have you here to educate all of us idiots...
I'd like to see things from your point of view but I can't seem to get my head that far up my ass
I know the voices aren't real, but man do they come up with some great ideas!
Semper Fi USMC
Very much an Occams Razor kind of guy.
Bridging the gap between "It can't happen to us" and "We're all going to die".
Anonymous Coward
User ID: 20224353
United States
08/05/2012 11:59 AM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
Read it again for the slowbee's

Since the agreements of 1971 and 1973, OPEC oil is exclusively quoted in US dollars. This created a permanent demand for dollars on the international exchange markets.[2][3] As of 2005, OPEC continues to trade in US Dollars, but some OPEC members (such as Iran and Venezuela) have been pushing for a switch to the euro

and re-read it until you understand who is running up the price of oil !

Billionaires and Speculators? 1rof1
Anonymous Coward
User ID: 15030656
United States
08/05/2012 12:02 PM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
rigged for the money grubbers. they need the volatility to push prices higher so they can distribute high and make mad profits. once they have dumped their positions the ME will settle down for a while so they can reload at lower prices in preparation for the next engineered price spike. rinse and repeat, rinse and repeat. freaking sheep are so stupid.
 Quoting: Anonymous Coward 1298661


True...the billionaires will always be able to assign any reason to raise prices...but this time they have a problem that they cannot control: demand. With the global economy in chaos; either in a depression or postering for a recession; the "owner's" have created a monster that they cannot tame.....
 Quoting: Elsabiades... 688491


You stupid asses dont understand that is the US Gobermant that is running the price of oil up to support the dollar that they are printing and encumbering with debt.

I bet 99.9% have no idea how oil is traded around the world..........do you ?
Here...............read and learn


Since the agreements of 1971 and 1973, OPEC oil is exclusively quoted in US dollars. This created a permanent demand for dollars on the international exchange markets.[2][3] As of 2005, OPEC continues to trade in US Dollars, but some OPEC members (such as Iran and Venezuela) have been pushing for a switch to the euro.

and what happened in 1971 thanks to Nixon ?

[link to en.wikipedia.org (secure)]
[link to en.wikipedia.org (secure)]

What a bunch of non educated idiots that are posting on this thread.

Billionaires and Speculators ?

laugh
 Quoting: Anonymous Coward 20224353


clappa
Anonymous Coward
User ID: 1405546
United States
08/05/2012 12:02 PM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
Oh shit, that means petrol will go sky high.Time to get the mountain bike out of the garage lol
 Quoting: Eye Believe


Seriously, where have you been for the last 4 years? Petrol/Gas prices are already at the highest level ever.

You will notice another blatant conspiracy here in the UK, (not sure about US AU etc) the second Oil prices rise, so does the price at the pump but the moment Oil prices drop, zero price change at the pump, prices rarely go down.

We are all being screwed by the Government on Petrol/Gas tax.

In the UK we pay over 60% extra in Tax on Petrol/Gas, infact we pay the highest amount in Europe.

A litre of unleaded would only cost about £0.52 pence without tax.

See here:


We're the fuel tax capital of Europe: British motorists pay up to 60% duty and VAT on petrol - the highest figure in the EU


Read more: [link to www.dailymail.co.uk]
 Quoting: Missile Offensive 20422399


And America was founded on the rejection of a 2% taxation. They splattered peoples heads like watermelons over a simple tax as low as that 2%.

Today, people get fucked up the ass and they turn around asking for more with a smile.
Anonymous Coward
User ID: 20119354
United States
08/05/2012 12:05 PM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
Following recent fluctuations in the global oil markets, crude prices have neared USD 109 per barrel over tensions with Iran.

[link to www.presstv.ir]
 Quoting: DoorBert


oil prices surge over wallstreet speculation would be more acurate
ookaswaka

User ID: 21145448
United States
08/05/2012 12:11 PM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
It is all bullshit.. Don't forget Iran is also in the oil business. They start to lose money all they have to say is "We will attack Israel, boom back in business, money flowing again. Go back to sleep people.
Anonymous Coward
User ID: 1298661
United States
08/05/2012 12:48 PM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!
rigged for the money grubbers. they need the volatility to push prices higher so they can distribute high and make mad profits. once they have dumped their positions the ME will settle down for a while so they can reload at lower prices in preparation for the next engineered price spike. rinse and repeat, rinse and repeat. freaking sheep are so stupid.
 Quoting: Anonymous Coward 1298661


True...the billionaires will always be able to assign any reason to raise prices...but this time they have a problem that they cannot control: demand. With the global economy in chaos; either in a depression or postering for a recession; the "owner's" have created a monster that they cannot tame.....
 Quoting: Elsabiades... 688491


You stupid asses dont understand that is the US Gobermant that is running the price of oil up to support the dollar that they are printing and encumbering with debt.

I bet 99.9% have no idea how oil is traded around the world..........do you ?
Here...............read and learn


Since the agreements of 1971 and 1973, OPEC oil is exclusively quoted in US dollars. This created a permanent demand for dollars on the international exchange markets.[2][3] As of 2005, OPEC continues to trade in US Dollars, but some OPEC members (such as Iran and Venezuela) have been pushing for a switch to the euro.

and what happened in 1971 thanks to Nixon ?

[link to en.wikipedia.org (secure)]
[link to en.wikipedia.org (secure)]

What a bunch of non educated idiots that are posting on this thread.

Billionaires and Speculators ?

laugh
 Quoting: Anonymous Coward 20224353


clappa
 Quoting: Anonymous Coward 15030656

increasing the price of oil is supporting the dollar? really? checked bond prices and interest rates lately? don't think commodity prices are rising as a result of the Fed's zero percent interest rate policy and money printing? You fool. the Bernank will burn the dollar to ash. the price of oil is not going up. the value of the dollar is going down. think the world doesn't know the rig is up?

Angela Merkel summed up the dollar-skeptic viewpoint last year. “Excessively cheap money in the U.S. was a driver of today’s crisis,” she told the German parliament. And America’s solution—even more cheap money—was just setting the world up for another crisis, she said. It was just a matter of time.

now run along sonny boy.
Anonymous Coward
User ID: 20022035
United States
08/05/2012 12:54 PM
Report Abusive Post
Report Copyright Violation
Re: BREAKING: Oil Prices Surge over fears of Iran Attack. Israel Upgrades Missiles. Iranian Navy & Parliment Meet to Block Hormuz!

Oh shit, that means petrol will go sky high.Time to get the mountain bike out of the garage lol
 Quoting: Eye Believe


Seriously, where have you been for the last 4 years? Petrol/Gas prices are already at the highest level ever.

You will notice another blatant conspiracy here in the UK, (not sure about US AU etc) the second Oil prices rise, so does the price at the pump but the moment Oil prices drop, zero price change at the pump, prices rarely go down.

We are all being screwed by the Government on Petrol/Gas tax.

In the UK we pay over 60% extra in Tax on Petrol/Gas, infact we pay the highest amount in Europe.

A litre of unleaded would only cost about £0.52 pence without tax.

See here:


....I always thought it was funny when folks in the US would say how "cheap" gas was in the US compared to Europe...gas, minus shipping, is the same EVERYWHERE...taxes add to the base cost...or the govt can cover the cost and have "cheap" gas, Kuwait ie...in the UK, adding $5 in taxes to a gallon/ltr...certainly makes UK gas expensive....





GLP