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Update: It's Not On Just Yet: Iran Denies Earlier Reports:... Iran Closes Straits Of Hormuz, Oil Explodes

Tyler Durden's picture





 

And update from Bloomberg:

  • HORMUZ STRAIT IS NOT SHUT: IRAN FOREIGN MINISTRY SPOKESMAN - Bloomberg

Earlier:

Iran has closed the Straits of Hormuz for military training as was expected yesterday, according to RanSquawk. Oil, and all other commodities, are outtahere.

And entire commodity complex:

And for those curious about more, RanSquawk speculates that the source of the data is a report in the Tehran Times saying that Iran will hold War Games in which it would close the Straits. Unclear if this is what Ran referenced when they said the Straits were already closed.

TEHRAN - MP Parviz Sorouri of the Majlis National Security and Foreign Policy Committee has said that Iran plans to practice its ability to close the Strait of Hormuz, one of the world’s most strategically important chokepoints, which accounts for about 30% of the world’s seaborne oil shipments.
“Currently, the Middle East region supplies 70 percent of the world’s energy needs, (most of) which are transported through the Strait of Hormuz. We will hold an exercise to close the Strait of Hormuz in the near future. If the world wants to make the region insecure, we will make the world insecure,” ISNA quoted Sorouri as saying on Tuesday.
 


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Tue, 12/13/2011 - 10:53 | Link to Comment Comay Mierda
Comay Mierda's picture

algos on crack this morning

Tue, 12/13/2011 - 10:55 | Link to Comment Chris Jusset
Chris Jusset's picture

Here we go ... whee!

Tue, 12/13/2011 - 10:58 | Link to Comment Popo
Popo's picture

"Military Training" needs quotes around it.

Tue, 12/13/2011 - 11:00 | Link to Comment mrgneiss
mrgneiss's picture

......I wonder if the Ayatollahs bought some calls...........probably if they have been paying attention to how Congress really works........

Tue, 12/13/2011 - 11:02 | Link to Comment SHEEPFUKKER
SHEEPFUKKER's picture

Somehow this must be bullish. ;)

Tue, 12/13/2011 - 11:07 | Link to Comment EscapeKey
EscapeKey's picture

It is for the military-industrial complex.

Tue, 12/13/2011 - 11:09 | Link to Comment DaveyJones
DaveyJones's picture

it's as if they have some pull

Tue, 12/13/2011 - 11:16 | Link to Comment B-rock
B-rock's picture

The Iranians only said they're going to soon...  Knee jerk.

Tue, 12/13/2011 - 11:19 | Link to Comment SheepHerder
SheepHerder's picture

ZH, "Explodes?"   Since when is a $3 jump an explosion?

Tue, 12/13/2011 - 11:23 | Link to Comment Spirit Of Truth
Spirit Of Truth's picture

It's indicative of shocking news, but I don't see where the Straits of Hormuz have actually been closed.

Nevertheless, this would certainly be consistent with what I've been warning about based upon the Elliott Wave pattern:

http://thespiritoftruth.blogspot.com/

Tue, 12/13/2011 - 11:33 | Link to Comment Arthor Bearing
Arthor Bearing's picture

If anything tyler has a long position on moves more than a basis point it is an explosion ;)

Tue, 12/13/2011 - 12:41 | Link to Comment Dave Thomas
Dave Thomas's picture

Tyler graduated from the Wall Street Journal's school of adjectiveievry.

Tue, 12/13/2011 - 13:44 | Link to Comment JPM Hater001
JPM Hater001's picture

I'm +1'ing for the effort.  Well played.

Tue, 12/13/2011 - 15:59 | Link to Comment In Fed We Trust
In Fed We Trust's picture

Tyler
Need s to adjust the y axis of the charting software to 10 handles.

Then the chart wont seem so "parallbollic"

Kill the "cents" column.

Tue, 12/13/2011 - 11:19 | Link to Comment trav7777
trav7777's picture

get ready to rumble...they can't actually close the Strait "legally"

Tue, 12/13/2011 - 11:30 | Link to Comment Cdad
Cdad's picture

And even now, the story has been clarified as "testing their ability to close the straits."  I'll weigh in here...the test will fail.  Also now..."rumor."  Where have we heard that word before? 

What has the market done with this "story"?  Aside from the spike in spot prices, it is doing what it has been doing for 30 days now...distribution of energy stocks into the bid.

Same as it ever was.

 

Tue, 12/13/2011 - 13:23 | Link to Comment Cdad
Cdad's picture

Query:  If Dan Dicker pimps his energy equity book 100 times on the BlowHorn [CNBC], and Iran rattles it's saber three times, will anyone hear a sound when Dan Dicker capitulates and dumps into the ferocious distribution in the energy sector...30 days and counting?

Just asking...

Tue, 12/13/2011 - 11:38 | Link to Comment mendolover
mendolover's picture

Understood.  But was Obama's NATO invasion of Libya legal?  haha  Hey everyone;  don't let your babies grow up to be soldiers!  I'd also like to thank all the commentors here on ZH.  I have had the education of my life since I've been up here.  Especially love the links y'all post.  Ding ding!!

Tue, 12/13/2011 - 13:16 | Link to Comment Ghordius
Ghordius's picture

wait a moment - Libya was "liberated" by Al Kaida sympathizers, sorry, by the "rebels" with the help of the glorious arms of France and the United Kingdom.

No US boots on the ground, only a few loads of ammo, some drones, some flightovers, some intel assets, some nudging, some hedging, some...

Don't you ever listen to your government?

Tue, 12/13/2011 - 11:47 | Link to Comment Sizzurp
Sizzurp's picture

Obama will send in the drones..........led by general grievous.

Tue, 12/13/2011 - 13:20 | Link to Comment Ghordius
Ghordius's picture

close the straits is illegal in what used to be called international law

but having a few military exercises it's usually ok - has only annoyance value

Tue, 12/13/2011 - 14:46 | Link to Comment In Fed We Trust
In Fed We Trust's picture

All this talk about the strait closing and War with Iran peaked in July 2008.

The Drudged and Ny Times "plugged" the story everydat for 6 months.

Oil goes to 147 and then "poof" NO WaR!

Only a market crash which oil lead the way.

This is what george soros means between the "difference between investors preceptions of actual events and the actual events.

I present to you my follow ZH's ;

Soros. "Theory of Reflextivity". Apparently Matt Drudge is the feedback loop mechanism in his Theory.

So here we are 2 years later with event unfolding.

Tue, 12/13/2011 - 11:22 | Link to Comment Spastica Rex
Spastica Rex's picture

What's good for Raytheon is good for America.

Tue, 12/13/2011 - 11:37 | Link to Comment tarsubil
tarsubil's picture

More broadly, what is good for northern Virginia office space, is good for America.

Tue, 12/13/2011 - 11:05 | Link to Comment DormRoom
DormRoom's picture

If US moves, China & Russia moves.  If Russia moves, Europe moves.

 

The we are all fcked.  US will need to reinstate the draft.

Tue, 12/13/2011 - 11:07 | Link to Comment EscapeKey
EscapeKey's picture

But would their moves be military, or through trade?

Tue, 12/13/2011 - 11:11 | Link to Comment FEDbuster
FEDbuster's picture

Bullish for 18-30 yr. old unemployment figures.  Birth/death ratio should improve, too.

Tue, 12/13/2011 - 11:18 | Link to Comment a growing concern
a growing concern's picture

Oh, I'm sure we'll be able to find jobs as cannon fodder.

Tue, 12/13/2011 - 11:11 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

My bowels just moved.

Tue, 12/13/2011 - 11:26 | Link to Comment Big Slick
Big Slick's picture

ZEROHEDGE ROCKS!!!!   

Twenty minutes into WW3, and ZH is the ONLY outlet on the ball (along w their source).

Crickets coming from the MSM.  

Tue, 12/13/2011 - 15:05 | Link to Comment Guy Fawkes Mulder
Guy Fawkes Mulder's picture

 

 

WSJ checks in at 11:40:

OIL FUTURES: Crude Oil Jumps On Iran Rumors, Then Falls Back

http://online.wsj.com/article/BT-CO-20111213-709650.html

 

FoxNews checks in ~noon:

Iranian Official Threatens Military Drill Sealing Off the Strait of Hormuz

http://www.foxnews.com/world/2011/12/13/iranian-official-threatens-military-drill-sealing-off-strait-hormuz

Tue, 12/13/2011 - 11:30 | Link to Comment duo
duo's picture

This is getting an August 1914 feel.  Substitute Iran and Russia for Germany and Austria-Hungary.  Substitute US-Israel for France/Russia/England...

Tue, 12/13/2011 - 11:55 | Link to Comment Sizzurp
Sizzurp's picture

Who's ship will end up in Davy Jones locker first ?  Drudge reporting the the Iranians are saying "If the world makes the region insecure, we will make the world insecure" LOL Those dumbasses are going to get kurfucked.

Tue, 12/13/2011 - 13:16 | Link to Comment oldman
oldman's picture

Sizz,

Iran is not Libya, Syria, Kuwait, or Iraq

they can't be taken out with drones

Are you going to put YOUR boots on the ground?

om

 

 

 

Tue, 12/13/2011 - 14:55 | Link to Comment In Fed We Trust
In Fed We Trust's picture

Matt drudge is a zionist protecting cock sucjer whi was gifted the clinto sex story to put himself on the map.

Since then the Drudge has been used for a whole host of "social real time experients"

And he has teamed up with Soros to practiice his theory of reflextivity withen the Drudge. Matt writes the headlibes that weave a story in the readers mine

Soros trades against the mispreception(timings)
Of the people stupid trade of the Drudge for fundamental trades.

I know because i lost 40,000 betting for war with Iran back ib 2008 vased of the headlibes coming iver the Drudge for 6 months.

Tue, 12/13/2011 - 12:00 | Link to Comment GuidoFawkes
GuidoFawkes's picture

The shit economy is the new draft. Brilliant, eh?

Tue, 12/13/2011 - 12:22 | Link to Comment g speed
g speed's picture

Diminished returns--it will take the whole military to inforce the draft-- blow back

Tue, 12/13/2011 - 12:31 | Link to Comment prodigious_idea
prodigious_idea's picture

No shit on options trading ahead of this type of stuff.  The ultimate insider information without regulation.

Tue, 12/13/2011 - 11:09 | Link to Comment disabledvet
disabledvet's picture

"military training." oh and "you only heard it here."

Tue, 12/13/2011 - 10:59 | Link to Comment Potemkin Villag...
Potemkin Village Idiot's picture

<=== Jusset avatar representative of US doing nuke testing around Bikini Atoll

<=== Jussett avatar representative of the Bernank doing testing on the USD

 

VOTE now...

Tue, 12/13/2011 - 11:07 | Link to Comment HedgeAccordingly
HedgeAccordingly's picture

I thought something was up when CL rose into 98.40 .. then boom - http://hedge.ly/tN4A1z 

Tue, 12/13/2011 - 11:07 | Link to Comment kridkrid
kridkrid's picture

"Oh you are so on that things have now become very much like Donkey Kong" - http://www.youtube.com/watch?v=lTBgm5GNo-Y - soon to be a classic

Tue, 12/13/2011 - 12:12 | Link to Comment mp95bravo11208
mp95bravo11208's picture

Not just yet.  We have 3 aircraft carriers on the way.  One just leaving San Diego now so the pieces will be all in place within 2 weeks.  I guess we have a late December /Christmas war on our hands or early January. 

Isn't it nice how our glorious leader with the Nobel peace prize has us in more wars than any President in history at the same time?  Shhhhh  don't tell the mainstrea media though.  ABC news still to date has not notified anyone anywhere of Fast and Furious scandal ofthe DOJ that even killed an America border agent and hundreds of Mexicans.

We are now are living in a virtual dictatorship whether most wake up to this fact or not. 

Tue, 12/13/2011 - 12:18 | Link to Comment kridkrid
kridkrid's picture

Our virtual dictatorship has been in place for a long time, likely since the death of JFK.  They even believed they would have control over JFK, but his father had a stroke and they had to go to plan B.

Tue, 12/13/2011 - 10:59 | Link to Comment He_Who Carried ...
He_Who Carried The Sun's picture

These Ayatollahs don't know what they're up against. If they close it, they will last exactly 3 minutes.

What they will say in 2 minutes is this: " Just jokin' ".

Tue, 12/13/2011 - 11:15 | Link to Comment topcallingtroll
topcallingtroll's picture

They arent closing it.

This was careless use of English.

They are practicing closing it.
It remains open for business during the training exercise.

Tue, 12/13/2011 - 11:22 | Link to Comment He_Who Carried ...
He_Who Carried The Sun's picture

Exactly, I am glad you didn't fall for it either!
WHY DOES THIS HEADLINE READ

It's On: Iran Closes Straits Of Hormuz, Oil Explodes 

 

??

Deceitful, isn't it? Durden? ZH? PoS!

Tue, 12/13/2011 - 11:31 | Link to Comment kito
kito's picture

tyer, please change headline, lets not stoop to rag mag checkout counter tactics.........

 

Tue, 12/13/2011 - 11:35 | Link to Comment Potemkin Villag...
Potemkin Village Idiot's picture

Fuck that... I say we all light our hair on fire & run around the room waving our hands in the air & screaming loudly...

Let's get this show on the road already...

Tue, 12/13/2011 - 12:45 | Link to Comment Ima anal sphincter
Ima anal sphincter's picture

War, war, war.........death, death, death.......... I hope the idiots who condone this shit on ZH would be picked up and dropped right in the middle of this thing. THIS ISN'T FUN AND GAMES. Haven't we (U.S.) fucked things up enough???? Our government and the bankers who control it have gone completely mad for power. They're so willing to sacrifice innocents for their cause. I'm ready to sacrifice them for the world's.

You dumb-ass's that think this is funny, grab a heapin-helpin of reality here. You have NO FUCKING CLUE WHAT YOU'RE IN FOR.

Tue, 12/13/2011 - 13:26 | Link to Comment oldman
oldman's picture

Ima,

I know an oldman who will buy transport and a weapon for any of these redneck assholes who want to put their boots on the ground.

I can't believe that there are still real people who are cheering for war.

BTW  the last time the oldman made this offer was in 2004 and you know what? Not a single one of these 'rah,rah,war!' idiots responded            

I do not believe that are any 'innocents' at war---too much internet for innocence  thanks for the comment       om

Tue, 12/13/2011 - 13:42 | Link to Comment Ima anal sphincter
Ima anal sphincter's picture

Thanks oldman

I was stupid enough to raise my right hand and give up four years of my life to these folks. Serving MY COUNTRY....I am proud of that. Serving these assholes, NO! My biggest fear......this goes global. In the former years, there were saner heads out there who would be very hesitant to "push the button". Now......not even close. It won't be a Muslim "popping the clutch" first, it'll be an Israeli. Does Iran have nukes? Yes.....POWER STATIONS. If they had an actual bomb, do you think they'd be stupid enough to use it? If they wanted to see glass instead of sand then I guess so. I'madinnerjacket is not stupid. He knows who is the REAL threat to mankind out there. He speaks his mind. The bankers hate him. Same way with Gaddafi. Any person who resists the bankers power base HAS TO GO.

The bankers are evil satanic pieces of shit. Their puppets in governments are just as bad.

It's us or them........I choose them.

Tue, 12/13/2011 - 13:49 | Link to Comment Ima anal sphincter
Ima anal sphincter's picture

One final note. My sons WILL NOT be raising their right hands. They will most likely die along side their father trying to rid this world of the pestilence called the bankers.

Tue, 12/13/2011 - 14:43 | Link to Comment oldman
oldman's picture

IMA,

Thanks, your words should be an inspiration to the 'innocents'. I'm very pleased to have made your acquaintance here at ZH.

I could not agree with your sentiments more. I choose collaboration, and the word has nothing to do with the meaning the movie gogols and propagandists have given it; it simply means; to work together.

OWS is collaborating and their way seems more democratic than ours---this is why I support them almost as much as I do for their courage and non-violence. If your sons want to fight for freedom and a better worl for our grandchildren, I hope that you will suggest that they enlist with OWS; these americans are the heroes of our time and I wish them well as they resist for each of us.

  The Iranians have refused the bait thrown out by the US, Israel, and Europe many times; they are a civilized people and have been for 5000 years. Why use the smaller nations as proxies when the wars are always between the large nations with large weapons factories and large banks?

Why do we tolerate this shit rather than mobilzation and resistance---are we truly such cowards?

Sorry, I'm getting too sad to go on    thanks for your brave words, my friend      om

Tue, 12/13/2011 - 17:07 | Link to Comment Cathartes Aura
Cathartes Aura's picture

it's good to read your words Ima, to know there are fathers who love their sons more than the "idea" of a nationstate sold them since birth - in this exchange with oldman there is awareness of the lies sold the amrkn peoples, and defiance - salute!

I have a live-stream music channel going, and a Fleet Foxes song played while I read your posts - I love it when music is synchronous with words. . . for you both, and your sons:

lyrics:

http://www.songmeanings.net/songs/view/3530822107858864286/

song performed:

http://www.youtube.com/watch?v=cdN2bfov9JQ

I love these guys, 20something band from Seattle area - integrity.

peace.

Tue, 12/13/2011 - 17:56 | Link to Comment Ima anal sphincter
Ima anal sphincter's picture

Thanks Mr Vulture,

People, ALL PEOPLE, need to become aware. ALL PEOPLE need to be as pissed as me. There is only one way to take this back. The more folks who come to that realization, the better.

Tue, 12/13/2011 - 11:58 | Link to Comment He_Who Carried ...
He_Who Carried The Sun's picture

And now this lukewarm reference to RanSquawk for having come up with the false news? Durden, you needed to doublecheck!

If the BBC does not have it, then Ransquawk can squawk as much as they want: it isn't happening!

Dissapointing way to handle Non-News, Durden!
Less rapid-fire (others are faster anyway, as you know), more responsibility is how to treat this in the future...

Tue, 12/13/2011 - 15:37 | Link to Comment In Fed We Trust
In Fed We Trust's picture

Does this mean we are not getting our Drone back?

Tyler,
Any word on that Drone?

Tue, 12/13/2011 - 15:43 | Link to Comment In Fed We Trust
In Fed We Trust's picture

Heard at the last Bilberberg Betting Benefit:

The war "offical " starts when crude hits $150.

Not a day sooner or a week later.

Gun the headlines if you wish, but thats all they are us "headlines".( a feedback mechanusm for George Sorodms theory of reflexity"

Tue, 12/13/2011 - 15:49 | Link to Comment In Fed We Trust
In Fed We Trust's picture

Has anyone in the world given even 2 cents thought

As to the havoc the war machines will cause on global warming?

Obviously machines have not gotton that smart after all,

Because the Global Warmibf machines would have the War mongering machines to retire.......

Tue, 12/13/2011 - 11:33 | Link to Comment Potemkin Villag...
Potemkin Village Idiot's picture

They are practicing closing it.
It remains open for business during the training exercise.

Yeah... & I'm a defensive coordinator for the Alabama Crimson Tide...

This week we're PRACTICING our goal line defense by letting the other side score touchdowns... 

Tue, 12/13/2011 - 11:02 | Link to Comment lizzy36
lizzy36's picture

Crack to power of 10.

I love it. Oil to $125, market rallies, because $5 a gallon gas is positive for the economy.

Yes Virgina, it really is a Costanza market.

Tue, 12/13/2011 - 11:19 | Link to Comment you enjoy myself
you enjoy myself's picture

and also a reminder to the US that's its not only Bernanke with the power to kill GDP.  if Bernanke prints and Iran embargoes, we're looking at $200 oil -- which of course means, with each $1 in oil being $100B in GDP (assuming a non-linear impact though), a roughly 50% hit to GDP.

Tue, 12/13/2011 - 11:42 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

With a 5% GDP drop each year over the past 5 years, I would assume there is no GDP left. 

Tue, 12/13/2011 - 11:20 | Link to Comment Flakmeister
Flakmeister's picture

You noticed that as well?? DOW up 112 as I type....

Tue, 12/13/2011 - 11:26 | Link to Comment russki standart
russki standart's picture

Yeah,  Fagmeister, with the failure of Durban everyone is celebrating :-) 

 

Just kidding.

Tue, 12/13/2011 - 11:28 | Link to Comment Flakmeister
Flakmeister's picture

Go fuck yourself asshole....

Sucked any Koch lately?

Tue, 12/13/2011 - 11:33 | Link to Comment tarsubil
tarsubil's picture

You seem upset. Grant denied due to reality?

Tue, 12/13/2011 - 11:39 | Link to Comment Flakmeister
Flakmeister's picture

When I want your opinion, I'll rattle my zipper....

Tue, 12/13/2011 - 11:46 | Link to Comment tarsubil
tarsubil's picture

You seem to be fixated on something. Did he leave you for someone younger?

Tue, 12/13/2011 - 11:55 | Link to Comment Flakmeister
Flakmeister's picture

Let me know when you want to have a real discussion without the bullshit....In the meantime I will treat the assholes like Russki and yourself with the respect you have earned....

It is a mutual thingie in case you haven't figured it out....

Tue, 12/13/2011 - 11:56 | Link to Comment tarsubil
tarsubil's picture

I'll take that as a yes. I'm sorry.

Tue, 12/13/2011 - 13:32 | Link to Comment oldman
oldman's picture

in order to rattle your zipper, you will have to let go of your precious dick---I don't think that you can do two things at the same time because you seem not to be able to think and write simultaneously

nothing personal, but you put it out there     om

Tue, 12/13/2011 - 13:49 | Link to Comment Flakmeister
Flakmeister's picture

Thanks for that lucid bit of logic from the peanut gallery.... Why don't you go off and create some other deep syllogisms?

Tue, 12/13/2011 - 11:40 | Link to Comment Paper CRUSHer
Paper CRUSHer's picture

Yeah Sis......indeed...'pop goes the diesel'.......as well as the U.S. economoney.

If the crazy co-ordinated CB intervention wasn't enough at $110 jus' over a week ago to put a firm bid under crude this will certainly do the trick.

Contrast this last joint action and that of late fall'08's meltdown when G7 co-ordinated rate cuts halted the oil crash but sweet ol'crude was trading well below 40 bucks!

Tue, 12/13/2011 - 11:33 | Link to Comment American34
American34's picture

Oil is not up that much. If it were "real" oil would be at $150 a barrel! Mr. Durden your Headline Titles are getting a little to close to the Drama Queen line! You should not stoop so low as CNN and CNBC in this matter. Fight Club is more honorable than that.

Tue, 12/13/2011 - 11:54 | Link to Comment Flakmeister
Flakmeister's picture

Looking at Brent and normalizing for DXY, oil is more expensive now than for all but 3 weeks in 2008....

Tue, 12/13/2011 - 12:21 | Link to Comment American34
American34's picture

Oil is ONLY around $100 for WTI. That means nothing. $125 that will mean something!

Tue, 12/13/2011 - 13:22 | Link to Comment Flakmeister
Flakmeister's picture

WTI is a broken benchmark.... Brent reflects the price of oil I can put in my tanker and ship anywhere....The price at the pump is more reflective of Brent.... Notice the gas-diesel spread?

Tue, 12/13/2011 - 11:49 | Link to Comment Sizzurp
Sizzurp's picture

WAR = BTFD

Tue, 12/13/2011 - 12:57 | Link to Comment Fiat Bitchez
Fiat Bitchez's picture

I am thinking this is a planted article....  to get the people distracted.

Tue, 12/13/2011 - 10:54 | Link to Comment Joeprimo55
Joeprimo55's picture

Crude-less Christmas...

Tue, 12/13/2011 - 10:54 | Link to Comment sunnydays
sunnydays's picture

Enjoy the gas price as it is today, it will probably never been seen at these prices again.  Besides this the dollars on the market will start affecting it.

Tue, 12/13/2011 - 10:57 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Time to cash in me fuel perks for 60 gallons of free gas in 5 gallon containers.  I'm such a terrorist.

Tue, 12/13/2011 - 11:09 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

House and Senate agree on sweeping defense bill

 

The legislation would deny suspected terrorists, even U.S. citizens seized within the nation's borders, the right to trial and subject them to indefinite detention. The lawmakers made no changes to that language.

The revisions weren't sufficient for at least one civil rights group. "The so-called 'changes' to the detainee provisions that came out to conference are cosmetic at best," said Raha Wala of Human Rights First. "They do little to fix the underlying problems with the bill. The president has no choice now but to veto, both for the sake of our national security and the rule of law."

The bill would go after foreign financial institutions that do business with Iran's central bank by barring them from opening or maintaining correspondent operations in the United States. It would apply to foreign central banks only for transactions that involve the sale or purchase of petroleum or petroleum products.

The petroleum penalties would only apply if the president, in six months, determines there is a sufficient alternative supply and if the country with jurisdiction over the financial institution has not significantly reduced its purchases of Iranian oil. It also allows the president to waive the penalties based on national security.

http://news.yahoo.com/house-senate-agree-sweeping-defense-bill-065450185.html

Tue, 12/13/2011 - 11:12 | Link to Comment EscapeKey
EscapeKey's picture

The difference between this indefinite detention bill, and that of the Nazi's, is that the American will only be used on bad people, and in a democratic way. </sarc>

Tue, 12/13/2011 - 11:14 | Link to Comment pods
pods's picture

Great, now we just need some sycophants drilling on and on about how this will protect our freedom.

Gotta go find my copy of 1984, as to me, this sounds doubleplusgood!

pods

Tue, 12/13/2011 - 11:27 | Link to Comment a growing concern
a growing concern's picture

Who controls the past now controls the future

 

Who controls the present now controls the past

 

http://www.youtube.com/watch?v=JwNjyiCnp3w

Tue, 12/13/2011 - 12:09 | Link to Comment American Dreams
American Dreams's picture

Man I would plus this 10,000 times if I could. 

there be no shelter here

Tue, 12/13/2011 - 13:49 | Link to Comment viahj
viahj's picture

"He who controls the Spice, controls the Universe!"

Tue, 12/13/2011 - 10:54 | Link to Comment nwskii
nwskii's picture

WhoremuZ BitchteZ

Tue, 12/13/2011 - 10:55 | Link to Comment Potemkin Villag...
Potemkin Village Idiot's picture

That's just the "Trav777" chart pattern...

Tue, 12/13/2011 - 10:58 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

I though they were just 'practicing'.

Tue, 12/13/2011 - 11:03 | Link to Comment Potemkin Villag...
Potemkin Village Idiot's picture

How the hell I'ma make my teammates better by PRACTICE?

~Allen Iverson

http://www.youtube.com/watch?v=exOxUAntx8I

Tue, 12/13/2011 - 11:04 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Can't argue that logic...

Tue, 12/13/2011 - 11:47 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Sounds like maybe the US Navy could use a little practice in the Strait as well?

Report: Lax leadership led to Hormuz collision

Sailors also reported a lax attitude in the sonar division about taking breaks.

 

On the night of the crash, sonar operators chatted “for the majority of the time [in the hour before] the collision.” An officer of the deck did not look through the periscope prior to the collision after taking over contact management duties.

 

The navigator, off-watch, was found to have been taking an engineering exam in the wardroom “while listening to his iPod,” despite the hazardous evolution underway.

 

http://www.navytimes.com/news/2009/11/navy_hartford_111509w/

Tue, 12/13/2011 - 11:09 | Link to Comment High Plains Drifter
High Plains Drifter's picture

here they are talking about oil and that bitch hasn't showed up yet?  amazing....

Tue, 12/13/2011 - 11:38 | Link to Comment Potemkin Villag...
Potemkin Village Idiot's picture

Up above... Apparently been checking the Law Review...

Tue, 12/13/2011 - 10:57 | Link to Comment useless_fact
useless_fact's picture

Game on.

 

According to the United States Department of Agriculture, rapeseed was the third leading source of vegetable oil in the world in 2000, after soybean and oil palm.
Tue, 12/13/2011 - 12:38 | Link to Comment prodigious_idea
prodigious_idea's picture

Perhaps because, like the other two, it's both a source of food and fuel (biodiesel)?

Tue, 12/13/2011 - 17:28 | Link to Comment Cathartes Aura
Cathartes Aura's picture

. . . and over 90% of that rapeseed is GMO, as is the soy.

feedlot grade.

Tue, 12/13/2011 - 10:56 | Link to Comment Dr. Engali
Dr. Engali's picture

I woke up with one of those this morning.

Tue, 12/13/2011 - 10:56 | Link to Comment Captain Benny
Captain Benny's picture

time to buy cheaper gold, it stores longer on the shelf than gasoline :)

Tue, 12/13/2011 - 10:56 | Link to Comment Bwahaha WAGFDSMB
Bwahaha WAGFDSMB's picture

bullish?

Tue, 12/13/2011 - 10:56 | Link to Comment Ying-Yang
Ying-Yang's picture

Iranian and military sources note that the linkage Sorouri made between the capture of the RQ-170 and the naval drill in the Strait of Hormuz was intended to inform Washington that Tehran in possession of the drone no longer fears the ability of the naval air carriers the US has deployed in the Persian Gulf to prevent its closure of the strategic waterway.

In the last six months, Adm. Habibollah Sayyari has emphasized more than once that the Iranian Navy which he commands is master of the Persian Gulf and dominates the Strait of Hormuz. After trapping the American stealth drone, Iran is mounting a challenge to the warning issued by Panetta and testing the resolve of Washington and the Saudi-led Gulf Arab region to contest the Hormuz drill.

Mere verbal protest will not serve. It will just leave Tehran crowing over its possession of the US drone as the key to the military and intelligence mastery of the Persian Gulf waters and the ability to make US back down. However a real threat by the US and Gulf oil powers to stop the drill by force will send regional tensions shooting up.

Tue, 12/13/2011 - 11:03 | Link to Comment SDRII
SDRII's picture

Not new: http://www.nytimes.com/2008/01/12/washington/12navy.html

There is a reason American military officers express grim concern over the tactics used by Iranian sailors last weekend: a classified, $250 million war game in which small, agile speedboats swarmed a naval convoy to inflict devastating damage on more powerful warships.

In the days since the encounter with five Iranian patrol boats in the Strait of Hormuz, American officers have acknowledged that they have been studying anew the lessons from a startling simulation conducted in August 2002. In that war game, the Blue Team navy, representing the United States, lost 16 major warships — an aircraft carrier, cruisers and amphibious vessels — when they were sunk to the bottom of the Persian Gulf in an attack that included swarming tactics by enemy speedboats.

 

Tue, 12/13/2011 - 11:08 | Link to Comment SDRII
SDRII's picture

Also reports of US troops in Jordan & Saudi Proxy Bahrain alleging the Syrian are training the opposition

http://www.jpost.com/

Tensions also rising in Sudan where the US vs. China proxy battle is escalating...One wonders if thiose Uganda troop deployments have anything to do with the rebel attacks...

http://www.washingtonpost.com/business/chinese-envoy-warns-of-serious-consequences-if-no-oil-deal-reached-between-sudan-south-sudan/2011/12/10/gIQAWMJpkO_story.html

http://abcnews.go.com/blogs/politics/2011/10/obama-sends-100-us-troops-to-uganda-to-combat-lords-resistance-army/

 

 

 

 

Tue, 12/13/2011 - 11:10 | Link to Comment SWRichmond
SWRichmond's picture

"They Were Expendable"

Tue, 12/13/2011 - 11:13 | Link to Comment High Plains Drifter
High Plains Drifter's picture

welcome to the new navy tactics.  smaller and faster ships. the days of the mega carriers are over.......this will be proven soon when some of them are sent to the bottom with all hands. courtesy of anti ship missles etc.......or course our military industrial complex knows this and doesn't care. to them, it merely signifies (after the losses) that we need more and better stuff ...........to fight them evil terrorist doncha know.....

Tue, 12/13/2011 - 11:22 | Link to Comment cowdiddly
cowdiddly's picture

In addition everyone forgot about Russia's anouncemnet to move those Iskander missles. 21st century missle if there ever was one. Bad to the Bone. I would not want to be on a Haze grey sitting duck right at the monent.

Tue, 12/13/2011 - 11:34 | Link to Comment High Plains Drifter
High Plains Drifter's picture

not to mention their newest creation not yet on line, the hypersonic missle...........the russian military industrial complex is almost as good as ours......

 

our navy is big, no doubt but it is also full of rust buckets.  what better way to get rid of these rust buckets than have the iranians sink them for the defense industry who as usual is chomping at the bit to create new and more efficient "defensive"  thingys....

Tue, 12/13/2011 - 12:14 | Link to Comment LFMayor
LFMayor's picture

what's this hypersonic definition mean, exactly?  So anti aircraft missles like the Nike, Ajax, Sidewinder, AIM120, phoenix, patriot, gekko, grail and sparrow weren't hypersonic?  How did they catch aircraft then, from front aspect attack only?

Or is this in reference to anti ship missles only?

not a personal attack, this just sounds like breathless panic because an adjective was substituted.

Tue, 12/13/2011 - 12:38 | Link to Comment Abitdodgie
Abitdodgie's picture

Iran has a LOT of sunburn missles, they travel at about 4300 fps and have a range of about 60 miles.

Tue, 12/13/2011 - 12:52 | Link to Comment High Plains Drifter
High Plains Drifter's picture

a word about sunburns..........from  the year 2000.......

 

http://www.wnd.com/?pageId=7142

 

they have been worried about them for a very long time........

Tue, 12/13/2011 - 15:18 | Link to Comment Weimar Ben Bernanke
Weimar Ben Bernanke's picture

The Hawkeye early warning platform and satellites would give the battle group plenty of time to prepare for the Sunburn armed cruiser/destoyer. Also, American carrier battlegroups have 1 to 2 nuclear attack submarines that could be dispatched way ahead of time to deal with the surface ship.

If somehow the enemy surface action group came within a few hundred miles of the US battle group, 10 to 20 F-18's carrying 2 to 4 Harpoon anti-ship missiles each could be guided by the Hawkeye to make "light work" out of the enemy. If somehow a Sunburn was launched before the enemy ships were destroyed, the US battle group has 3 to 5 Aegis cruisers/destroyers that were designed to shoot down massed anti-ship missile attacks. Then of course there is the last ditch close in weapon systems and chaff/decoys the carrier could deploy.

 

The Navy is not worried about the sunbrn anymore. It is the Yakhont P-800 they are worried about. It is much more faster then the sunburn and more deadly. Iran has alot of these weapons. The aircraft carrier is vunerable to these weapons.

Tue, 12/13/2011 - 15:18 | Link to Comment Weimar Ben Bernanke
Weimar Ben Bernanke's picture

The Hawkeye early warning platform and satellites would give the battle group plenty of time to prepare for the Sunburn armed cruiser/destoyer. Also, American carrier battlegroups have 1 to 2 nuclear attack submarines that could be dispatched way ahead of time to deal with the surface ship.

If somehow the enemy surface action group came within a few hundred miles of the US battle group, 10 to 20 F-18's carrying 2 to 4 Harpoon anti-ship missiles each could be guided by the Hawkeye to make "light work" out of the enemy. If somehow a Sunburn was launched before the enemy ships were destroyed, the US battle group has 3 to 5 Aegis cruisers/destroyers that were designed to shoot down massed anti-ship missile attacks. Then of course there is the last ditch close in weapon systems and chaff/decoys the carrier could deploy.

 

The Navy is not worried about the sunbrn anymore. It is the Yakhont P-800 they are worried about. It is much more faster then the sunburn and more deadly. Iran has alot of these weapons. The aircraft carrier is vunerable to these weapons.

Tue, 12/13/2011 - 12:59 | Link to Comment High Plains Drifter
High Plains Drifter's picture

http://en.wikipedia.org/wiki/Scramjet

 

both the americans and the russians have been working on this ........ 

 

the american version is different than the russian version in that ,they envision a different type of deployment and usage etc.........

 

isn't it nice to know that despite the united states  being financially in the hole. we still are able to continue on in the area of the "department of defense"  ?

 

in a word, this missile is bad to the bone............

Tue, 12/13/2011 - 14:07 | Link to Comment Iwanttoknow
Iwanttoknow's picture

I'm guessing that he is referring to Moskit aka sunburn.Google it.

Tue, 12/13/2011 - 14:31 | Link to Comment LFMayor
LFMayor's picture

well, surely it will perform better than the Foxbat, or the T72 /sarc off.  A lot of their superweapons have been really overhyped through the years and Russian ideas on quality control and maintenance aren't exatly the cats ass.

No complaints about their small arms though. That they've understood for a while now.

Tue, 12/13/2011 - 11:34 | Link to Comment Rakshas
Rakshas's picture

New meet old - Airburst this Mofo

better bring your sunblock biotches

 

Tue, 12/13/2011 - 11:07 | Link to Comment americanspirit
americanspirit's picture

You really ought to put quotes around your posting and attribute to the source.

Tue, 12/13/2011 - 10:57 | Link to Comment AccreditedEYE
AccreditedEYE's picture

Stupid Equity algos have not computed what this means for equities... stuck on their stupid risk-asset correlation trade setting... haha

Tue, 12/13/2011 - 10:56 | Link to Comment MFL8240
MFL8240's picture

Here comes another war, this is exactly why the liar in chief anounced the Iraq pullout to prepare the country for war number 4 on his watch.  Get this man out of office he is crazy!

Tue, 12/13/2011 - 11:01 | Link to Comment MarcusLCrassus
MarcusLCrassus's picture

Yeah, Sarah Palin is much saner. 

Tue, 12/13/2011 - 11:07 | Link to Comment j0nx
j0nx's picture

What does your comment have to do with anything? Way to politicize shit out of the blue for no reason.

Tue, 12/13/2011 - 11:07 | Link to Comment MFL8240
MFL8240's picture

Is she President? Hardon.

Tue, 12/13/2011 - 11:17 | Link to Comment DaveyJones
DaveyJones's picture

they are all nuts. see economy, energy policy and last few decades

Tue, 12/13/2011 - 11:51 | Link to Comment DaveyJones
DaveyJones's picture

I apologize to my detractors. My leaders are my savior. My leaders are my savior. My leaders are my savior

Tue, 12/13/2011 - 11:03 | Link to Comment EscapeKey
EscapeKey's picture

Yes, John "Bomb Bomb Bomb Iran" McCain would have been the much wiser choice.

Wake the fuck up. Both candidates are controlled by Wall Street. The corporate media are desperate to put any - ANY - contender in front of Ron Paul, as he's the only real alternative.

Newt Gingrich? Jeez. That man has more baggage than Beyonce going for a 3-day spa treatment.

Tue, 12/13/2011 - 11:20 | Link to Comment pods
pods's picture

I think it is illustrative of where we are now when the former frontrunner, who was a member of the FED, is replaced by a man who defines regulatory capture.  

Most are worried about where he was sticking his thing, as opposed to receiving millions to consult a fascist public-private partnership.

But many will line up to get their "I voted" stickers to feel like they actually have a say in where the nation is going.

pods

Tue, 12/13/2011 - 11:36 | Link to Comment kridkrid
kridkrid's picture

Preach it!  What a remarkable run of front runners (add Perry to the mix).  This fiction is a real page turner.  It's very much in the "reality TV" genre.  Sort of scripted, sort of unscripted.  The producers know where the show ultimately needs to go, they toss in a handful of survival challenges along the way, and win no matter what the outcome.

Tue, 12/13/2011 - 11:59 | Link to Comment DaveyJones
DaveyJones's picture

literal or figurative? baggage that is

Tue, 12/13/2011 - 11:02 | Link to Comment Dr. Engali
Dr. Engali's picture

Shit is it only number four? I've lost track I noticed an Obamanoid was quick to junk you. The reallity of who he is must be tearing them apart,but they will defend this fucker to the end. Just like tha assholes who died in the bunker with Hitler.

Tue, 12/13/2011 - 11:04 | Link to Comment EscapeKey
EscapeKey's picture

I see you subscribe to the right wing of the Wall Street party's propaganda.

I shall refrain from publicly mocking you. This time.

Tue, 12/13/2011 - 11:13 | Link to Comment Dr. Engali
Dr. Engali's picture

I see that you clearly are incapable of independent thought. If you have read any posting of mine in the past then you would realize just how ignorant your comment is. But I don't suspect that anybody of your ilk is capable of doing any research. So I will spell it out for you. I will go slowly so you can keep up. I.....do..... not  support   anybody  that  the   establishment is  trying  to  push  on us..... They   are   all  the  same.   I  did   not   support    Bush   nor   do   support   this   lying   fucker...... Understand? Or are my words to big for you?

Tue, 12/13/2011 - 11:13 | Link to Comment EscapeKey
EscapeKey's picture

Original and independent thought?

" I noticed an Obamanoid "

Yes, this statement indicates a high level of both on your part.

Tue, 12/13/2011 - 11:17 | Link to Comment Dr. Engali
Dr. Engali's picture

Yes dim wit just as the Bush backers or Bush whackers all fall in the same camp. Blind suporters of anybody are ignorant in my book. Now go back to your mommy's basement.

Tue, 12/13/2011 - 11:23 | Link to Comment EscapeKey
EscapeKey's picture

Ok fair's fair, apologies. Perhaps I was a bit quick off the mark, as my brain connects the word "Obamanoid" or "Obamatron" or similars with dim-witted responses of "Independent" (aka GOP) voters on public forums.

And technically, it's my dad's basement. But I prefer to refer to is as my "Command HQ".

Tue, 12/13/2011 - 11:27 | Link to Comment Dr. Engali
Dr. Engali's picture

Well fight club began in a basement. That is what this forum is for. No better way to get a clearer understanding of where another person is coming from than a good fight. Apology excepted and I would like to extend my apologies to you.

Tue, 12/13/2011 - 11:35 | Link to Comment tarsubil
tarsubil's picture

Guys, guys, the fight is out there! Can't you see! Out there!

I wish I would have posted this before you made up and got all kissy kissy.

Tue, 12/13/2011 - 11:43 | Link to Comment EscapeKey
EscapeKey's picture

You can't fight in here! This is a war room!

Tue, 12/13/2011 - 11:45 | Link to Comment Dr. Engali
Dr. Engali's picture

Third rule of fight club is somebody yells stop the fight is over.

Tue, 12/13/2011 - 11:12 | Link to Comment GhostfaceCracka
GhostfaceCracka's picture

You go girl!

Nothing he said wasn't true and being anti-Obama doesn't make him right wing and definitely not a GOPer. Clearly the truth of who Obama is also is tearing you up inside, which is why you lash out with dumb comments.

Tue, 12/13/2011 - 11:17 | Link to Comment Savvy
Savvy's picture

A lot of those troops are (rumored to be) in Jordan on the Syrian border.

Tue, 12/13/2011 - 11:37 | Link to Comment High Plains Drifter
High Plains Drifter's picture

yep. they are pulling out of iraq and moving to jordan.   support the troops you say?  fuck that.   if they don't stop what they are doing by now, they never will, therefore they knowingly are complicit in this deceit and knowingly and fully cooperate, against the oaths that they spoke with their very mouths. the troops are the enemy of the american people......

Tue, 12/13/2011 - 12:59 | Link to Comment g speed
g speed's picture

Pleezze most of these poor confused children are shitting their pants and hoping to make it home to cash in on the education benifits the recruiter lied to them about. Its the parents that signed them in that should lose a arm, leg, or their life. A pox on anyone who would let their kids believe a recruiter

Tue, 12/13/2011 - 10:56 | Link to Comment azzhatter
azzhatter's picture

Looks like my jockey shorts at 6AM

Tue, 12/13/2011 - 10:57 | Link to Comment Dave Thomas
Dave Thomas's picture

Shucks, and I only layed away a few packs of hotdogs for the end of the world.

Tue, 12/13/2011 - 11:05 | Link to Comment moonstears
moonstears's picture
  1. I really laughed at that, dave, thx! Guess it's justa funny take on some of the doomer stuff I read frequently, while learning 'bout metals.
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