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As WTI Passes $105, Guardian Says Iran "Military Action Likely", Would Send Crude Soaring
Between the Chinese 'surprise' RRR and the Iran export halt to UK and France (and escalating tensions), Oil prices are off to the races this evening. WTI front-month futures have just broken $105 (now up more than 10% in the last two weeks), the highest levels in over nine months and just 8% shy of the 5/2/11 post-recession peak just under $115. Brent (priced in EUR) remains off last week's intraday highs (as EUR strengthens) but still above the pre-recession peak but in USD it traded just shy of $121 - well above last week's peak. Of course, this will be heralded as a sign of demand pressure from a 'growing' global economy rather than the margin-compressing, implicit-taxation, consumer-spending-crushing supply constraint for Europe and the US that it will become in the not too distant future. As we post, The Guardian is noting that US officials are commenting that "Sanctions are all we've got to throw at the problem. If they fail then it's hard to see how we don't move to the 'in extremis' option." The impact of any escalation from here is gravely concerning with PIMCO's $140 minimum and SocGen's $150-and-beyond Brent prices rapidly coming into focus - and for those pinning their hopes on the Saudis coming to the rescue (and fill the Iranian output gap), perhaps the news that our Middle-East 'allies' cut both production and exports in December will stymie any euphoria.
From The Guardian: US officials believe Iran sanctions will fail, making military action likely
• Growing view that strike, by Israel or US, will happen
• 'Sweet spot' for Israeli action identified as September-October
• White House remains determined to give sanctions time
"It's not that the Israelis believe the Iranians are on the brink of a bomb. It's that the Israelis may fear that the Iranian programme is on the brink of becoming out of reach of an Israeli military strike, which means it creates a 'now-or-never' moment," he said.
"That's what's actually driving the timeline by the middle of this year. But there's a countervailing factor that [Ehud] Barak has mentioned – that they're not very close to making a decision and that they're also trying to ramp up concerns of an Israeli strike to drive the international community towards putting more pressure on the Iranians."
Chart: Bloomberg
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short china via Canada and Australia, both those economies will implode. housing bubbles.
I'm frozen in the corner of tim e! e /
/
at $105 oil the Canucks won't starve
Bull.
This is about compensating the oil companies for dropping fuel prices before Christmas to pump retail shopping, and help O'man to get re-elected.
Just the barb in a fishhook, after everyone has run up the charge card, the oil companies are graciously permitted to pump the prices at the pump to pay for this generousity.
Once the Democrat convention sets in, the prices will be graciously dropped to again line up the oil companies behind the O'man.
Corruption is wonderful. If you have the wallet to pay for it.
To perhaps put an even finer point on this "oil will go up with war". Bull again. When Desert Storm II was launched, oil prices actually dropped. Pumping prices ain't about war.
The president is a hood ornament and you're a fucking moron.
100% idiot. 0% savant.
Show me where the comment gave O'man credit for anything. Come to think of it, Oman may have more with our elections than O'man.
When someone bows down in front of someone, who is in charge? The bower, or the bowee?
http://t0.gstatic.com/images?q=tbn:ANd9GcR_YzFMNRREPhzN3bPqWTQys91v-3xJi...
Perhaps TPTB want to keep the same hood ornament for the next 4 years. He can do what the fuck he wants and nobody will criticize him for fear of being labeled a racist. Look at what happened with Libya. It's easier for a left-wing nobel peace prize winner to start wars than for a right-wing cowboy to start wars. TPTB figured that one out after 8 years of shrubby and anti-war protests. Whatever happened to those anti-war protesters? What happened to Ted Koppel's Nightline body count? The Repubs can't criticize him because they supported war under shrubby. The Dems won't criticize him because he's their man. TPTB have a free hand at starting wars now.
Ahhh and our Chinese friends cut their Bank capital ratios ..... again!!! Hmhmhmhmhmhm....:)))!
Gold, bitchez
Long silver, home-based business and my two 12-speed bikes ($140 total spend). Can't wait for the weather to warm up a little more so my monthly gas bill drops by 80-90%. Don't spend much now anyhow, but it always feels good when I sip by any gas station and wave to the sheeple spending $50-80 bucks on a fill-up.
Fuck ExxonMobil, Chevron, BP and their fucking record profits.
I have a Geo Metro I can fill up for 20 bucks , it gets 52 to the gallon
it doesn't have batteries and get 10 less MPG, therefore YOU ARE A TERRIST
Bernanke says 2% inflation per day in the price of crude is good for the economy.
Fucking Israeli's. They want this and they're dragging Obummer down with them. Enough is enough. Iran, in the big scheme of things, is harmless. Ben Bernanke is more of a threat to the world than Iran is.....
Hey Hoser,
There is no way to drag obama down.
I left the US in November and have not heard his name spoken since that time. No one else except americans remember who he is---after being so hopeful for a real president in the US, they have just shrugged their shoulders and moved on.
Haven't you noticed how the rerst of the world gives bthe US the finger? Get off that couch, turn off that TV, and let the MSM babble, but no one cares anymore---the other nations are moving on and only the anglos are left at the station.
I know, you'll nuke us and 'kill'em all'
Go ahead---we don't give a fuck.
Thank you for your inspiration see you in the next world
om
Higher oil = more demand for petro dollars. Print away Bernank. Print away. You have been cleared for takeoff.
The ECB's balance sheet is making you look like a p_ssy Ben. Take it up another trillion.
I'll see your trillion, and raise you a gabazillion!
All your oil are belong to us. No, all your oil belongs to us, bitch. No, all your oil are belong to us. No, bitch, you're not listenin'...
Who is the Ginger doing the dishing?
Fracking for crude is too slow, too labor intensive. It won't feed our hungry SUVs (with iMax sensurround entertainment).
We need to think big. Real big. And quick.
Answer? Let's carpet bomb every shale structure from sea to shining sea and collect the crude from the bomb craters. Slurrrp.
Gasoline demand is at a low not seen in 20 years. The prius drivers arent helping when we've got a commodity denominated in an inflated fiat, and the lowest production capacity in 30 years.
As much as you want to blame the SUVs, you simply cant.
The fact that we still have giant SUVs, and that we allowed the loophole in the law that permitted them to be licensed as automobiles with truck mileage is a direct antecedent of where we are today.
SUVs stand as a symbol of what was wrongheaded with the thinking for the last 40 years of successive energy crises. And Detroit based it's entire comeback strategy from the dead on the SUV.
Gasoline consumption is down because we're in a downward spiraling economy where demand is tanking in part due to soaring costs for raw materials and energy. Which also forces squeezed businesses to raise prices despite constrained consumers and keep the workforce lean.
Rather than save more, we drilled more and burned it faster. Guess what? We're gonna do it again.
The problem isn't what the law allows or disallows.
You seem to think government is the answer to the problems, if we would only listen to you and get it right for once.
Government is the problem.
If gas is going into shortage, the price will rise. When it is very high priced, career moms will no longer be driving 11 passenger SUVs to work. The problem solves itself.
It's like copy paper, and the BS about save a tree. If there was a shortage of trees, copy paper would be expensive. It's not. Copy paper is made from pulp trees that grow like weeds, they are farmed. Not grandpa's 100 year old oak tree.
Whale oil was the number 1 lamp oil desired in the world, as they killed off the whales the price went up and up and up, to crazy levels. Then they found substitutes.
Without the government stepping in and making "Whale Oil Lamp Fuel Standards".
Get the government out of the way, both in regulations and in welfare for energy producers, and let the market sort itself out.
Let the party begin.
Uhh,
sorry - but ...
I am not exactly sure what your problem is.
Unleaded Premium @ $4.75 / gal = cheap
very cheap.
Just passed my local gas station here in Southern Germany.
Unleaded Premium @ 1.63 EUR / Liter = $8.15 /gal.
But our hungry SUVs drink twice as much. So we're even when you think about it.
That's precisely what the ROW doesn't understand. In southern Germany, you live where you work. In the Idiot States of Amerikkka, you live 50 miles from where you work. Gotta stay in your "hometown", you know, with all your friends and family.
Friends and family. How overrated can you get?
Friends don't let friends work and drive
I think I heard somewhere that the average American doesn't have one single friend outside of work.
Pretty true for me. All of my friends are either current or former colleages who at the most distant worked on the other side of the (very large) building from me.
But then, my commute is only 7 miles. Maybe I should have moved out into some God forsaken desert town so I could be close to family and friends, lol.
I'd be hard pressed to believe you have a single friend period.
What about a MBZ or Cayenne Hybred C/E? Hell Obama is subsidizing Tesla and that Swedish piece of crap that just shut down.
Slap some solar panels on your " Big Wheel" to haul Turkey Vultures home!
Obama is right! What would really help our economy AND benefit the environment is a high-speed choo-choo!
I like my Soylent green with Tobasco, and a shot of Methonal!
Wonderful! Now would you like that beamed to the chip in your head or the one on your right hand?
Be creative #1!
Tastes like chicken.
Van Halen,
CONGRATULATIONS!!!!!!!!
I have never seen this on ZH:
"Obama is right!"
You deserve whatever we can afford to give you.
You really have the huevos!
Thanks om
How is the weather over there? You can practically see from side to side! Driving across Germany is like driving the entire state of California!
Well -- sure.
But you can go a lot farther with your gas because you drive kilometers instead of miles.
Diesel?
the main difference in gas prices between Europe and the US is the tax rate. The US has a much lower rate of tax.
If taxed at the same rate as Germany, the prices would be much more similar.
Of course, the US has a completely shit mass transit system and no cross country high speed rail so a higher tax would be hard to justify.
We build more highways so there will be more room for less cars.
I don't understand why people driving cars should be subsidizing people riding public transit.
because without public transit, you wouldn't be "driving" your car...you'd just be sitting in it.
Can you even begin to image the kind of traffic jams there would be in London if there were no public transit? If EVERYONE were driving?
Just wait til the Olympics gets there. the clusterfuck of traffic will be epic even with public transit.
That's something of a false choice, isn't it? You are saying without gas tax on people driving their own cars, public transit would not exist at all.
I am saying that public transit should charge enough that it funds itself, rather than relying on charging other people who are not using it.
If people had to sit in their car for 2 hours to get to work and pay two hours wages for a parking spot and then two more hours to get home, versus 15 minutes on public transit each way in exchange for an hour's wage, more people would ride the transit and it would balance out.
Why should people who drive cars pay for the people to ride the bus or train? Why should people who save for retirement pay for those who didn't? Why should non-smokers pay for the healthcare costs of smokers? Why should successful car companies pay to bailout bankrupt car companies? Why should successful banks pay to bailout bankrupt banks?
Simple answer: When your society and economy was built decades ago around great commuting distances for work, living in the far off comfortable suburbs, and depending on long hauls for delivery of goods and services, all thanks to the good old days of cheap oil, then >$4.00 /gallon is a real gut wrench.
Just ordered 6 five gallon Nato fuel cans from Cheaper than Dirt--on back order, if that tells you anything.
Got any old vehicles laying around?
Fill 'em up and add Sta-bil.
If folks can't get to the tank from below, they'll most likely leave them alone.
Uhh,
sorry but...
not all of us drive diesel volkswagons. Some of us drive real cars like 69' Camaros and Hummers and stuff.
It's called TAX. You voted for it. You want the welfare state. You have to pay for it. It is not because oil is more expensive for Germany to buy.
You have a self-inflicted high price.
Now, priced in 90% junk silver US legal tender coins, that $4.75 a gallon [it's a dollar cheaper or more where I live for premium - again, the TAX factor] is 19 cents in Mercury dimes, and your $8.15 a gallon is about 33 cents in Mercury dimes. That is the price for a gallon of premium in 1964 in the USA.
So you are getting bargain gas over there, given your tax structure. Think how expensive it would be if you had to defend your own country.
Your money is becoming worth less. As is the dollar. I just don't see 19 cents a gallon premium in real money as a high price. I am paying 16 cents a gallon for premium in real money right now here where I live.
How the U.S.-Iran Standoff Looks From Israel: Efraim Inbar
And you posted this piece of Israeli propaganda for what reason? Inbar has the title all wrong, it's a standoff between Israel and Iran.
@ King_of_simpletons/
That user name suits you.
It very much the same as "the best turd in the toilet"
The EU is boosting credit enough to push up the Brent price but not enough to bail out Greece and the other peripherals. (Dumb Nazis.)
Chindia demand is still smokin'.
The US does not set the marginal crude price any more, it doesn't waste ENOUGH!
A very high price (+ $147 Brent) would not last long as demand destruction would certainly follow. US economy is built around $20/barrel crude, not $120/barrel crude.
A high price (+ $128 Brent) would be a trend change and a short-term bull market in crude. What next? Demand destruction. Even w/o the euro-generated 'debt crisis' the EU is losing its shirt on its crude imports: a half-trillion euros per year down the rathole. Instead of beating on the scapegoats (Greeks today, PortugalFranceSpainIreland tomorrow) better to beat on the Nazi auto manufacturers.
They are going down the toilet anyway. They cannot pay their own way.
Any actions against Iran would knock 20% off world crude production. That would cause a Great Crash that so many doomers predict/desire. Iran can close the Straits of Hormuz like 'that' (snaps fingers). A few sea mines, a few strategically positioned sunken ships, some rocket attacks on tankers and port facilities, terrorist blasts in barrooms in Kuwait, etc. would end oil exports from Iran, Kuwait, Iraq, KSA and UAE: 1973, 1979-83 shortfalls were on the order of 3-5%. Cuba ex-USSR was 20%. How do you ranch worms, again?
Sanctions against Iran are counterproductive, BTW. If Iranians were smart they would 'lease' some nuclear tipped missiles from the Russians and tell the Yanks to go fuck themselves.
Oh yea, one more thing: if crude crashes so does gold. That doesn't mean get rid of it, it just means the price of gold in various currencies will be lower.
TPTB have to know this thing is going to crash.
Do the Derivatives and CDS, and for that matter the Bonds themselves, have Force Majeure clauses that allow "an out" in the event of war?
If so has anyone considered the impact?
ding ding - a winner
all the elites did was effect the timing of the global collapse of commerce through the use of ARMS set to adjust JUST AS OIL WAS PEAKING
think about it
the power down (read KILL OFF) was very much planned
i know - i know tin
and so were drones patroling american skies
yep
peak oil is being defined by economic collapse
$10/gallon in Europe should go over well.
Oh they are conditioned already to drive tuna cans and/or take mass transit?
That in no way shape or form speaks to personal liberty.
Hmmmm... could you explain your definition of "personal liberty"? Not a term I am familiar with, is it interchangeable with the term "civil liberties"? Or perhaps it has another meaning?
Hmmm waiting for a mass transit schedule, driving tuna cans on wheels et al largely thanks to outrageous gas taxes aren't really a personal liberty killer at all. Because the meaning of personal liberty isn't really clear or has another meaning entirely.
Not to worry. The Great Chairsatan says the Fed can counteract inflationary forces within 15 minutes. That is less time than you need to switch to Geico...
Fed = FUBAR
Funny. He's been saying that for 10 years and prices of everything you need keep going higher.
The Great Chairsatan has boxed himself into a corner. It wouldn't be too surprising if he tries to kick the can as far as he can and then offer to resign and quietly disappear before it all implodes so he doesn't look like the villain when the R-E-S-E-T button gets pressed.
You mean, "do a Greenspan."
There, fixed it for ya.
Sweet spot for Israeli action identified as September-October
Spring is often cited too.
...if Israel is openly discussing a military strike, it is unlikely to be imminent. But if Israel goes radio silent—like it did when it attacked a suspected nuclear site in Iraq in 1981—that may be an early warning sign that a strike is nearing.
http://www.informationclearinghouse.info/article29756.htm
Tyler, I wish you could segregate responses to those that have some meaningful imput into the discussion , like this one, as opposed to others which are poor attempts at Stand Up comedy. I too have been guilty of this, and you can kick my ass into the garabage responses, but this comment by xchehn, supported by a source, whether accurate or not is more useful to me.
Don't be lame! I read the comments, in part, to read the witty and sometimes downright hilarious comments.
KEEP EM COMING GUYS!
Do not be a douche. Laughter is all that stands between many of us and insanity.
We need to focus public attention elsewhere: today was Whitney Houston's burial and Kurt Cobain's anniversary both at the same time
New episode of The Walking Dead tonight!! Woohoo! What Iran crisis?
Good show, I like " Mad Men", also!
I'm just glad to still be on the other side of the grass. 27 and 48, what wastes of talent.
Phew! I'm glad we didn't Drill Baby Drill, go ahead with Keystone, or keep any of those offshore rigs that we got rid of! Obama was right! Green energy companies ARE profitable AND the way of the future! Now that everything is running on solar and wind, we can see that we never needed oil to begin with!
We Just need your ISM's David Lee!
President's Day tomorrow. Time for BO to Duck and Cover. THEY like to do things on coincidental dates.
$250 oil at least. Why do you think JPM was handed 30 million bbl by Barry last year from our "emergency" storage stash (at only $92 a barrel, btw). The other half actually made it to the market.
Nomura says $250....I believe them.
$250 a barrel is not going to sell to burned out consumers (world wide)
the folks will be staying home, busting out the poker chips.
Will the Chinese and Indians be working double shifts to provide more STUFF for the west to consume? No.
The Euro and Dollar may differ in alleged value as may the size of the US,Imperial gallon/liter/whatever, but when push comes to shove the working, consuming average Joe knows one or two things, A, If he has a job,he might not soon.
B. he had better batten down the hatches and start hoarding his Roubles, yen or chucky cheese tokens.
The price will go up for a little while, robots demand it,
Demand can not go up, reality demands that much, gasoline is already at luxury/necessity prices for most people, globally.
Who will be holding all this oil in tankers and tank farms when this simple truth hits the markets?
Corporate oil can not stop producing for long, neither can nations, valuable,skilled workers will be lost, refineries and pipelines and rigs are all attention whores, not to be left in the cold.
Who has a taste for war now? the USA, it's Military, it's people? certainly not, nobody is buying the Towelistani with nuke and camel routine anymore, a certain end to the Obama show (sure,the Romney show could replace it seamlessly).
As an above poster stated, they have painted themselves into a corner.
Will it be Colonel Mustard, in the Library, with a Dagger, or
Osama jnr, in Detroit with an ex-Soviet suit case nuke ?
Great summation. I picture your scenarios commencing at $150 oil.
$105 is raising eyebrows and sweat is starting to form on the collective political class.
$150 is game over for private and most public consumption of fuel. Governments are broke now. How are they supposed to fill the tanks of their public fleets at double gas prices?
FUBAR
So let's see...Saudi crude production drops, Iran embargoes exports, China imports hit a high... and just for kicks:
Feb 19 (Reuters) - A Friday fire that idled BP Plc's 225,000 barrel per day (bpd) Cherry Point, Washington, refinery was expected by market analysts on Sunday to lift gasoline prices on the U.S. West Coast in the coming weeks. [by 20 cents]
More tankers loaded with gasoline were also expected to move to the West Coast because of the idled BP plant, which is the third largest refinery in the region. Cargoes from Asian refineries are already said to be headed to the West Coast due to high fuel prices in California.
http://www.reuters.com/article/2012/02/19/usa-gasoline-bp-fire-idUSL2E8D...
Jesus, the West Coast is where the prices are already over $4/gallon. That's gonna sting! Definitely not going to help the struggling CA economy.
$4.09 here in the IE from $3.69 about 4 weeks ago. Bend over.
Cause of fire?
Accident?
Sabatoge to create an oil crisis to justify intervention in Iran?
So, would it make sense for China to start selling Treasuries to buy all the oil they can from Iran not to mention bail out their real estate market?
Don't worry be Happy. The yen is weakening, and soon Toyota will be KING again. Print slope heads! PRINT while you can.
yey! I can finally afford a leaf.
News flash! A Israeli attack on Iran will not happen in August,September or October. Nor will it happen in April,May or June. It WILL happen anyday between now and March 31st.
Yep...
You got it.
When the you least expect it, expect it.
No one expects the Spanish Inquisition!
http://www.youtube.com/watch?v=Tym0MObFpTI
http://www.hark.com/clips/vdqkdgjtlw-candid-camera-theme-short
Right about.....now!
Attacks come on the new moon cycle to use the darkest of nights for aerial attack cover.
Feb. 21
March 22
April 21
May 20
It's either in a few days or March.
Or not at all.
"Thirty days hath November...April, June, and November....All the rest have thirty-one, except for March, which has the BOMB."
You do not need "darkest night" for stealth drone, missile, and high altitude bombing attacks. Besides, the Iranian air force consists of some very antiquated aircraft that are, from all reports, hardly air worthy. This is NOT Iraq. The attack will also not originate from the US. It will be an Israeli aggression. We'll just get dragged along for the ride, to "protect" our "ally" and "interests" in the region . YMMV.
March 20, Greek Default Day.
Nobody will even remember that it happened 2 days later when war breaks out with Iran.
Very good point.
Much like many people do not remember what happened on September 10, 2001, but certainly remember September 11, 2001.
Hint: Rumsfeld stated that 2.3 trillion dollars was missing from the Pentagon on Sept. 10, 2001.
Slide 0
Problem solved. I am front running an IPO for my new company. Combining food banks with the American bean farmers lobby, I am gathering all of the unemployed and undocumented aliens to food fullfillment centers. FEMA camps. Food Energy for Mother America camps.
There, they will be sustained on a nutritious bean diet, 24 / 7 / 365. While sitting at miles of work benches building " The American People's Aye Aye Siri Phone ", connected to an elaborate plumbing systerm by "soft touch anal probes", otherwise unprofitable, unhappy, unemployed, homeless people will become useful to The American People.
All results of the bean diet will be pumped to massive storage tanks for electricity generation for future generations of correctly voting electronic device addicted Amerikan sheeple to ensure the success of the Thousand Year Dr. Strangelove Amerikan Empire ! Problem Solved !
Send all of your money - in the form of silver and gold bullion only - to me soonest so you can get in on the ground floor of this magnificent investment opportunity ! Listed on the New York Stock Exchange as " SGFIAJ " Save Gas, Fart In A Jar "
what a crock!
the american "officials" working this weekend must be more fuked up than tyler & slewie put together!
not that there's anything wrong with that...
It's Now or Never - Elvis
I'll second that Slewie. When I finger the little "REd Dot" basement junking " Parasite", it's gonna get real interesting!
L0L!!!
i hope you're fingering more than parasites & trolls!
tyler put up a piece earlier about 4 major CBs printing: china, japan, US, and ECB. BOE and SNB didn't even make the cut! so here we gotZ 6 major fiatscoZ printing in various combinations of 3 or 4, forever
boy, we'll kill them for doing shit like this to us if its the last thing we doodoo! this is the level of theGuardian here, imo
Is this " Kill Bill", FUCKING # # # 3 Slewie?
when the prop-wash sez that israel should attack iran NOW
and the reason is: or it will be too late
[it's now or never~~~can you imagine israel singing that song to iran to "embrace" in blowing the fuk outa each other? Hahaha!]
well, i guess the neo-cons and other puppets will start twitching and want to shoot somebody, but, personally, i find such "reasoning" neither logical nor compelling
At least higher oil prices arent factored into CPI "Core" inflation figures, LOL. Everyone will see $5/gallon but the government will tell us its just your imaganation, core inflation is flat, vote obama.
Looks like a pretty clear inverted H+S on crude. $130, minimum target.
The MSM is not even addressing Memorial Day? WTF ? That is when people travel. They got lucky this winter.
Ok, Know it alls. How many products does a barrel of light sweet crude yield? Hint) over 35 and under 50!
nine!
You are The Proud new owners of " Hodgies"!
Speculator driven bullshit once again. So China is trading for Iran's oil, oil the US doesn't buy anyway, which means China will be buying less oil from exchanges. Why pay inflated per barrel price in dollars when you can trade items for Iranian oil. US and European consumption is cratering so the price of oil increases??? Sorry I don't see a supply issue. In fact it looks like on the surface China making a grab for what ends up being cheaper Iranian supply should cause an even further increase in global stockpiles.
You want oil to go to $30 a barrel, change the rules to force delivery of any oil contract held for 30 days and ban the rollover into future contracts. 90%+ contracts are still held by traders who could never take delivery of a single barrel.
Based on demand oil shouldn't be $18 but anything above $35 is lunacy.
lol.
GM said it achieved double-digit jumps in five of its top 10 markets last year, including China. GM marked a 12.4 percent sales rise in Russia and a 10.4 percent rise in Brazil.... But it did even better in China, selling 2.35 million vehicles there, up 29 percent ....
http://www.huffingtonpost.com/2011/01/24/gm-sales-china_n_812934.html
Just cause you don't see it from your back porch don't mean it ain't happening elsewhere. It's a thirsty, thirsty world
Thirsty for what? Huffington post, the huge fucking joke Huffington post?
Are you Greek, or, German?
The Huffington post, please, this is a joke right, Sarcasm, Parody, French farce, or are you actually quoting G.M. statistics compiled or published by the Huffington Post on Z.H.?
G.M. sez ????????
Lord,help us.
You're not seeing the big picture. Maybe you don't want to. Open your eyes.
Japan’s Trade Deficit Hits Record as Energy Imports Surge
Energy needs accounted for most of the gain in imports in January.
“The deficit is still expanding against a background of increasing energy imports,” said Masaaki Kanno, chief Japan economist at JPMorgan Chase in Tokyo. “Unless we see a significant increase in the operating rate of nuclear power plants, eventually the rising cost of power will be translated to the corporations.”
http://www.nytimes.com/2012/02/20/business/global/japans-trade-deficit-h...
South Korea and Japan are major Iranian oil customers, and they are not boycotting or stopping. Keep that in mind.
*ROTHSCHILDS say cashflow is low and war is on the list of GOOD money makers.
*ROTHSCHILDS say it has worked great more than one time.
http://www.faster-faster.com/
The future is upon us. Plug yer bike into a portable solar panel and FTW! $10 gas, woot!
i'm get that rigged onto my downhill bike! looking for an affordable solar generator...
Knock, knock.
Who's there?
Armageddon.
Armageddon who?
ARMAGEDDON OUT OF HERE!
From PIMCO:
"...In this case, we would expect prices could reach previous all-time highs of $145/bbl or even higher depending on issues with shipping. The IEA and Saudi Arabia can meet market needs, but the increase in uncertainty and the loss of spare capacity would affect pricing. In this case, after a few months, we would expect prices could fall back to $130 to $135/bbl range."
read full article:
http://www.zerohedge.com/news/pimcos-4-iran-invasion-oil-price-scenarios...
This jives with Nomura ($250 oil) and many other analysts. What would happen to Western economies if oil rises to $140?
Is this where we sign up to be in the official jew haters club. I didn't see it posted but judging from the comments there must be a sign up page somewhere. I thought we were supposed to hate bankers and politicians and that the muslims are a peace loving religion. I'm soooo confused....and we are supposed to be against killin and stuff but now we are supposed to kill jews? This is just too hard!
I missed that post, I think the point is that nobody should be killing anyone who is going about their peacefull business, no harm , no foul.
No injured party, no crime.
Julio looks mean and tough, i must shoot him before he shoots me,mentality B.S.
Pre-emptive cowardice.
Repost
This is wonderful news. I just tuned up my V-8 Interceptor and have it covered and patiently waiting in the garage. I have a semi load of Dinky Di dog food stockpiled, several pairs of football shoulder pads, a bladed boomerang, a shot gun with bad shells. WWIII and mad max, here we come!
Why bother with Iran, it's no more a country than Iraq. It's present regime is driven to spent all its resource money on militarism and nuclear weapon development. It also funds private militias in Gaza and Lebanon. I have no doubt that US is funding Mujahideen. Time is running out on the Ayatollahs. Someday the black clothed tyrants will be the ones hanging from the cranes.
So here's my life, Ladies & Gents. Out & about to see the 2nd run Sherlock Holmes flick & notice the car has about 3/8's left in the tank. Should I fill up now, or risk even higher prices next week? Chevron is $4.09, was $4.07 Wednesday when I bought 10 gallons for my SUV beast.
Tell me what you would do, and I'll post the results and my actions later tonight.
Fuck it, fill the pig.
This piggie has 5 gallons, that piggie also has 5 gallons and they are named the Jerry family... so forth.
So many piggies...
I did. $47 and change, 2nd such "investment" this week and didn't even fill up the SUV beast. Glad she's a 6 cyl though.
Know ( one person), Hates anyone on this site! We are the Best of the Best!
GET MAD on Some Ones time! Not MINE! you people are my kind! TRAMS>SMART>}
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Hopefully this will wake folks up to the ineptitude of starting a shooting war with Iran. Maybe they will even wake up and realize we don't need the war monger Sanitarium either. If the Israelis go full retard and attack Iran, we are going to get immediate $10 gas minimum and rationing. That will turn these fake green shoots crap brown in a hurry.
"Iranian Admiral Habibollah Sayari said the naval deployment to the Mediterranean would show "the might" of the Islamic republic to regional countries, and also convey Tehran's "message of peace and friendship," according to the Fars news agency."
Israel/Iran war on the cards.
http://www.marketwatch.com/story/iran-sends-warships-into-mediterranean-...
and it will be a stand up fight. line drawn. missiles tossed back and forth, aerial battles, drone battles, navel battles...etc etc etc
Also, the first of the 'dirty' wars. i.e all out cycler warfare, infrastructure hacks, essential amenities disrupted. Already there is a FX/economic war taking place trying to force more inflation on the Iranians.
It will be bad.
My fear is that Chinese/Russian support will come from their cyber warfare divisions.
The Chinese have been hacking US .gov infrastructure for years. How vulnerable is our military and energy infrastructure I wonder?
This may be the biggest mistake that the US and Israel ever made in underestimating support for Iran.
lock it in.
One half inch separates the Military Net from the civilian net.
Tyler, why is it that each time I vote up or dpwn that the page has to reload; am I doing it wrong?
Frustrated because of a wireless connection on a modem in another banana republic om
Sounds like you have JavaScript turned off. It's something you have to put up with if you want JavaScript turned off because of the advertisements.
I fear the day when the Iranians and North Koreans are gone as a "threat" to the "free" world. Who will the bankers vilify when they control every government? People like us most likely. I try not to think about it.
This does not justify support for Iran. Look at Hugo Chavez,. A so called Latin-Am revolutionary in a Catholic country supporting Muslim tyrant like Ahamadinejad?
Its called an anti-imperialist (US) front.
Even French king, Francois I, a true catholic, allied with Souliman the Magnificent of Ottoman empire (infidel moslem), against Holy roman emperor Charles V Hapsburg; then true king of the world.
'Cos Charles was barking down their combined underwear!
Like Ahmed Nijad/Chavez feel about good ole USA!
http://www.youtube.com/watch?v=hUPEVJqO2Nk&feature=player_embedded
Hey Day Traders
Click up there and learn some geo-policital macro. It may come handy.
I don't necessarily agree with the analysis, but you may all learn that Israel+Saudi Arabia+USA+Europe are all ALLIES against Iran.
http://www.youtube.com/watch?v=J6T1hQnLl64&list=UUrmm_7RDZJeQzq2-wvmjueg&index=16&feature=plcp
Right after 7th minute pay attention to 50% currency devaluation in Iran and sky rocketting food pricing.
One more, for you.
People are used to $4.00/gal gas. Onto the next price point, $5.00/gal gas and then onto $6.00.
Americans will just say "charge it!".
Add in the 20 to 30% (or more) inflation in food price, it's definitely having an impact.
With Bernanke and the federal reserve printing this should be one huge inflation party!
While both Bernanke and the government both deny the inflation .Transitory according to the fed.
Yes!
And Ben can print more to compensate for the increased charging to pay for gasoline! And food!
Makes sense, right?
After all, if we're all millionaires and billionaires then everything will seem cheap, cheap, cheap!
the trucking industry alone would be hit hard by 6$ gas
Yes, we are having another lovely little war in the ME, R.S.V.P.....
Damn I "Repect", Knocking IRAN down! Let's get it done!
And there is no inflation, just tell yourself that when you fill the tank kids, and when your groceries and delivery prices and airline tickets and the price of anything that remotely depends upon oil goes up: repeat after me - "Phew! I'm glad we don't have inflation too!".
And by the way, WTI is getting higher by the weak hands.
Think, if Iran has less customers there will be less competition for their crude oil (80% of their exports - stop and think).
Then the remaining customers will have the upper hand and demand lower prices. I think this is all propaganda, but in case the iranians lost their brain remnants, I bet right now China is making deals with Iran for much lower prices. Iran would be forced to do so in order to keep the oil rigs working and to avoid back up in the pipeline.
What's good for the propagoose is good for the propaganda
Ok. It's your risk, it's your money. Good luck to you. Just make sure you're the first one to cop out once all weak hands are in as suckers.
Leave the Guy Alone! EKM is Reasonable.
ok, ok! I actually think there's a chance he could be right. But watch, every time crude prices drop a bit, there's demand right there to snatch it up
Which kind of demand?
- Consumption
- Hoarding
My money is on Hoarding until they run out of storage space, then DUMP.
Both, I think. But think of how many people are on the road for the very first time in China, India, Brazil in the last 10 years. Numbers have gotten big