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LOL! Iranians selling all crude fwds...as fast as possible...probably faster than their boats in the Straits Of Hormuz.
Has to make bankers jealous.
It's not war. It's operation kinetic twist....bitchez.
Good thing the oil pipeline they have been building to bypass Hormuz is almost done.
Building pipelines to bypass "chokepoints" is a complete no-brainer.
It's a not-so-good thing for oil producers that oil pipelines are tempting High Value Targets that are hard to defend and tend to get blown up with disturbing regularity when TSHTF.
yup kinda hard to protect a really long snake like that especially when those around it consider the builder a snake too.
Pixel perfect spike
You cannot close international transitways for military exercise.
It is considered an act of war.
good point. whether they actually did close it seems to be in doubt here.
You mean the Iranian water borders which the US had drawed and then called "international waters"?
we and England redrew every other line in the greater area, why stop there
Yea...so watcha gonna do about it?
"its an act of war"
... but western led sanctions and flying drones over their airspace, that's just 'non-kinetic action'
I told you bitchez I was going to close it. Now I got your drone and your oil.
It's been reported that someone just littered the Straits of Hormuz with targets for an impending American naval exercise. /
Send in the drones!
Don't you love farce? My fault, I fear. I thought that you'd want what I want - Sorry, my dear. But where are the drones? There ought to be drones. Quick, send in the drones.
must you drone on?
And where are the drones? Quick, send in the drones. Don't bother - they're here.
and just like Emmett Kelly, it's all driven by a sad clown
Maybe it has something to do with this:
OPEC SAID TO AGREE TO 30M B/D OUTPUT CEILING, DELEGATE SAYS
Interesting. It is, of course, a senior commander of Iran's revolutionary guards that is president of OPEC this year
Looks like oil is not the only thing spiking...
12-13 10:00: French banks borrowing from ECB EUR 158.5bln in October 2011 vs. Prev...
High oil helps create inflation.
Less money for the sheep to buy iShit.
Less money to pay off 1st and 2nd mortgage.
Economy tanks....(faster, harder, better)
Bernanke now has excuse (faster, harder, better) for QE (n).
succintly put. except for the fact that the bernank and banks are the ones creating the inflation. the high price of oil is just a symptom , and the strait closing is just a scapegoat for the rising prices of everything.
fiscal policy can not create oil. inflation is definitely a bernank bastard child but ever increasing shortage of the liquid that drives our entire economy has its own special effects.
Oil already going little down. Armageddon over.
good thing i have my 50cc scooter, that is good for 100 mpg...not to good for the snow tho.
Move to a warmer climate. Grow potatoes.
Get a dual. Learn to distill potatoes. Get an E85 convesion kit for bike. Store some gasoline. Mix booze and gas together.
Now you can put booze in your tank and belt some back. Drive/bike while everyone else is walking.
Is it going to stay closed ?
Ok. At last count the US was at war or otherwise engaged in battle with/in/for 5 Arab countries, and had boots on the ground in 8 (that we know of). So adding a 9th is just a walk in the park.
Make the Persian Gulf the 6th American Great Lake
we're not at war silly, we're fighting terrorism with contract security forces.
Does this mean the Iranians won't be returning the US drone they shot down?
Obama Asks Iran to Return Drone:
This isn't Dennis the Menace loosing his kite in Mr. Wilson's yard.
Actually, it sort of is, if you think about it.
Crotchity old civilization, young uber destructive civilization. Hopefully, in the end they somehow become friends. Its like Dennis the Menace as directed by Michael Bay.
Ok false alarm from what i can tell.
They are conducting training to close the strait, but are not actually closing it during the training.
Did George Washington hack Tyler's account?
Where did you read that?
I don't see anything clarifying it one way or the other.
Edit: It seems irresponsible to allow civillian traffic through a war game zone. I could understand if they kept a corridor clear for civillian traffic, or were otherwise directing it through the area.
If you have any concerns, please refer them to RanSquawk, and the market, both of which reacted to initial news distribution.
What would be as much (if not more) interesting is if any of you could dig up who was able to FRONTRUN the spike...
I'll pay to see that...
Yeah - "explodes" is a little strong of a word. I think "pops and fades" is a little more accurate. I was scared for a second though. :-)
A couple of bucks a barrel is not "exploding". Now give me $25 a barrel and I'll duck and cover.
this is why i'm heavy in oil stocks, iran and bernanke and the warmongering us
No need for panic, folks.
This is Iran just saying they want to go Anal.
For the first time.
I think they may get an answer very soon.
As much as it may hurt.
This was a reference to US Defense Secretary Leon Panetta's warning Friday, Dec. 2 "…any disruption of the free flow of commerce through the Persian Gulf is a very grave threat to all of us" and a red line for the US."
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