Iranian President: Oil Prices Fake and Imposed
Number 18
Posts: 132
http://news.yahoo.com/s/nm/20080617/ts_nm/iran_oil_ahmadinejad_dc
Do you buy what he says? Or do you think he is just spouting off against the United States?
I think it is a bit of both. I think there is an increased global demand for oil, but am not sure that demand can justify the increase in oil prices.
Do you buy what he says? Or do you think he is just spouting off against the United States?
I think it is a bit of both. I think there is an increased global demand for oil, but am not sure that demand can justify the increase in oil prices.
Post edited by Unknown User on
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Comments
"As you know the decrease in the dollar's value and the increase in energy prices are two sides of the same coin which are being introduced as factors behind the recent instability," Ahmadinejad said."
...
I can't fucking believe this... i can't fucking believe what I'm going to say...
...
The fucking asshole is right.
Hail, Hail!!!
Wait until the stupid fuckers bomb Iran.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
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( o.O)
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Even a broken clock is right two times a day ... But yes, go wash your mouth out with soap, young man ...
So... you know how much it pains me to say that, right?
I think I need to wash out my mouth with Pine Sol.
Hail, Hail!!!
Indeed, my friend. It was even painful for me to make the broken clock comment, and that has an insult embedded within it.
Ahmadinejad has valid reasons for hating western involvement, and playing politics, and calling bluffs through the roof and beyond.. 1980 wasn't that long ago. Many of those affected from that war are still alive and remember. But it's deeper than that.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
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( o.O)
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He does have some valid points to make, sure ... As does any world leader. He's still an ideologue who adds to the world's problems, rather than providing a more positive force. And I am choosing to use less inflammatory language here. Actually, he's a lot worse that this ...
So he should stand down and concede to the demands on all fronts despite everything.
I hear ya.
If Iran had attacked the US at some point I would agree.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
No, but keeping his mouth shut would be a good start. Iran has a lot of its own problems, and this guy talks more about Israel than anything else. I think that the international community has a right to be concerned about nuclear technology in this guy's hands. Have you read up on his political and religious views? He makes Bush look like a weed-smoking whole-food eating atheist hippy.
He wouldn't be talking like this if the US wasn't making ongoing military threats, and wasn't occupying it's neighbor for the past 5 years.
Sure he's nuts, but not entirely stupid and he knows it. If the US or Israel attacks Iran, oil will probably hit $200+ a barrel essentially overnight, and that just collapses the entire neo-con agenda and US economy that much faster. Tough love approach perhaps. I guess the lesson is not to occupy, impose sanctions, and start wars with certain countries, but maybe offer them some modicum of respect for past grievances and mistakes.
Just maybe.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
An old loophole that Enron requested so that speculative markets could fly under public scrutiny without regulation.
For instance:
http://www.cnn.com/2008/US/05/30/oil.market.enron/
Or just google "Dark Market".
Don't be mankind. ~Captain Beefheart
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Well, according to this guy, and many others, the neo-con agenda is being collapsed not by Iran but by the oil companies themselves, no? The Middle Eastern nations have little to do with current prices.
Yet every time conflict arises in the middle east, oil prices shoot into the stratosphere.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
Ironic, considering that many believe Iraq was about oil.
Rupert Murdoch kept spinning $20 a barrel oil on the Iraq war. I suppose nobody is holding him accountable at this point for being wrong seven times over.
Scott Ritter has a book out about this exactly, can't remember the name of it. Basically he explains the oil price middle east conflict thing. I saw a vid of him talking briefly about it a while back. I should probably take a look at it sometime.
Edit here's the book, and an interview. Not sure about the oil price thing, I do remember him talking about it. Can't remember where. I'm assuming it's covered in his book I might be wrong. In any event... Interesting interview:
http://www.democracynow.org/2006/10/16/scott_ritter_on_target_iran_the
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
It's really funny but there's really nothing he said that's untrue. I can't believe I'm agreeing either. But he's accurate. They aren't "fake" but they are kind of imposed. IE it didn't need to come to this.
So if Iraq had no oil, you really think we would have invaded? Come on...?!?!?!
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
convenience and a Vendetta maybe? I think honestly they made a few guesses based on inaccurate information and jumped on it. I think that's why Colin Powell quit shortly after he gave the speech to the UN and found out the information was wrong. The DOD and Rumsfeld did a really poor job of management and the administration rushed into it and jumped too quickly mostly because they wanted to.
There is some truth to this. Oil is their livelihood. If they push the price too high there is more incentive for others to develop competing technologies. They want the price at a good balance so they are raking in the cash and keeping our appetite wet.
the main culprit of high oil prices is a weak dollar and hedge fund speculation. the price per euro hasn't gone up nearly as much as the price per dollar because the dollar is now weaker than the euro where it was once stronger.
Speculation is a toughher one to get a hold of. they could raise the margins, meaning the amount of money needed to leverage a certain amonut of stock whish is currently 10%. while there is increased world demand, there is absolutely no shortage of supply for the US. US oil companies have many thoudands of acres of land already leased to them that they have drilled, built wells. and capped them. Why do they need to drill in ANWR whern they have so many untapped rigs already in palce? Because this is Enron part 2, that's why. It's called restrict supply, drive the price up, and then put out supply at the higher price later on. it's total greed and the political strategy here is to ask for ANWR to be opened up, knowing Dems would not let it pass in congress, and the hope is to shift blame away from the bush admin and onto the Dems. but it's garbage. there is plenty of oil to be had rigght now without drillign in ANWR.
"Beer is living proof that God loves us and wants us to be happy."
- Ben Franklin
I just don't like that i'm agreeing with a guy who claims there are no Iranian homosexuals because of their cultural upbringing.
Hail, Hail!!!
Oh come on Cos... you know you made the decision around 5 or so to be strait..
Just not about procuring it so much, as it was about
ensuring that oil continued to be denominated in DOLLARS on the world stage.
Saddam was talking hot and heavy about switching to the EURO for oil, which would
FUCK the USDollar.
b. Noodles Jefferson is right about the speculation & inflation being the overriding issues facing oil.
However i think its important to put quotes around "speculation" to let people know that a small fraction of that is
"legitimate" market forces responding to a long opportunity in oil commodities. But another major hunk of that is collusion between certain
"speculative" interests (think Bilderberg
as business around America collapses under the weight of pricey oil.
If I opened it now would you not understand?
There's certain taboos in different cultures. Same as politicians in the US don't talk about tapping hot silicone bitches openly. It's just not discussed, so it is denied or deferred.
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
Homosexuality is a universal phenomenon, something that occurs across cultures because it is endemic to being human. Not all Iranians would agree with this guy's view, especially the gay ones.
http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/061908dnintiraqoil.170bec.html
Western oil giants near deals with Iraq
12:27 AM CDT on Thursday, June 19, 2008
From wire reports
BAGHDAD – Four Western oil companies, including Irving-based Exxon Mobil, are in the final stages of negotiations this month on contracts that will return them to Iraq, 36 years after losing their oil concession to nationalization as Saddam Hussein consolidated his power.
Exxon Mobil, Shell, Total and BP – the original partners in the Iraq Petroleum Co. – along with Chevron and a number of smaller oil companies, are in talks with Iraq's Oil Ministry for no-bid contracts to service Iraq's largest fields, according to ministry officials, oil company officials and a U.S. diplomat.
The deals, expected to be announced June 30, lay the foundation for the first commercial work for the major companies in Iraq since the U.S. invasion, and open a new and potentially lucrative country for their operations.
The no-bid contracts are unusual for the industry, and the offers prevailed over others by more than 40 companies, including those in Russia, China and India. The contracts, which would run for one to two years and are relatively small by industry standards, would nonetheless give the companies an advantage in bidding on future contracts in a country that many experts consider to be the best hope for a large-scale increase in oil production.
There was suspicion among many in the Arab world and among parts of the American public that the U.S. had gone to war in Iraq precisely to secure the oil wealth these contracts seek to extract. The Bush administration has said that the war was necessary to combat terrorism. It is not clear what role the U.S. played in awarding the contracts; there are still American advisers to Iraq's Oil Ministry.
Sensitive to the appearance that they were profiting from the war and already under pressure because of record-high oil prices, senior officials of two of the companies, speaking only on the condition that they not be identified, said they were helping Iraq rebuild its decrepit oil industry.
For an industry being frozen out of new ventures in the world's dominant oil-producing countries, from Russia to Venezuela, Iraq offers a rare and prized opportunity.
While enriched by escalating prices, the major oil companies also are struggling to replace their reserves as more of the world's oil patch becomes off limits. Governments in countries such as Bolivia and Venezuela are nationalizing their oil industries or seeking a larger share of the record profits for their national budgets. Russia and Kazakhstan have forced the major companies to renegotiate contracts.
The Iraqi government's stated goal in inviting back the major companies is to increase oil production by half a million barrels per day by attracting modern technology and expertise to oilfields desperately short of both. The revenue would be used for reconstruction, although the Iraqi government has had trouble spending the oil revenues it has, in part because of bureaucratic inefficiency.
For the U.S. government, increasing output in Iraq, as elsewhere, serves the foreign policy goal of alleviating the exceptionally tight supply that is a cause of soaring prices.
The Iraqi Oil Ministry, through a spokesman, said the no-bid contracts were a stop-gap measure to bring modern skills into the fields while a measure to regulate the oil industry is pending in Parliament.
It said the companies had been chosen because they had been advising the ministry without charge for two years before being awarded the contracts, and because these companies had the needed technology.
David Fyfe, a Middle East analyst at the International Energy Agency, a Paris-based group that monitors oil production for the developed countries, said he believed that Iraq's output could increase from its current 2.5 million barrels a day to about 3 million, though it would probably take longer than the six months the Oil Ministry estimated.
Mr. Fyfe's organization estimated that repair work on existing fields could bring Iraq's output up to roughly 4 million barrels per day within several years. After new fields are tapped, Iraq is expected to reach a plateau of about 6 million barrels per day, Mr. Fyfe said, which could suppress current world oil prices.
These are not the first foreign oil contracts in Iraq, all of which have proved contentious.
The Kurdistan regional government, which in many respects functions as an independent entity in northern Iraq, has concluded a number of deals. Hunt Oil Co. of Dallas, for example, signed a production-sharing agreement with the regional government last fall, though its legality is questioned by the central Iraqi government. The technical support agreements, however, are the first commercial work by the major oil companies in Iraq.
Len D'Eramo, a spokesman for Exxon, said the company's approach to Iraq was no different from its work elsewhere.
But the company is clearly aware of the history. In an interview with Newsweek last fall, Lee Raymond, a former chief executive of Exxon, praised Iraq's potential as an oil-producing country and added that Exxon was in a position to know.
"There is an enormous amount of oil in Iraq," Mr. Raymond said. "We were part of the consortium, the four companies that were there when Saddam Hussein threw us out, and we basically had the whole country."
yes, when i mentioned speculation, i'm not talking about individual investors, i'm talking about the major investment banks which are tryign to make up for losses they took speculating on the housing market by speculating on oil. have you noticed how much the prices of gas jumped sharply after the housing bubble burst?
"Beer is living proof that God loves us and wants us to be happy."
- Ben Franklin
http://www.youtube.com/watch?v=XaDelhvtQ98