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Iran warns sanctions will puch oil prices to $100/barrel

Discussion in 'BBS Hangout: Debate & Discussion' started by tigermission1, Sep 25, 2005.

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  1. tigermission1

    tigermission1 Contributing Member

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    http://www.forbes.com/markets/feeds/afx/2005/09/23/afx2240812.html

    Iran says sanctions could push oil to 100 usd/barrel

    TEHRAN (AFX) - The head of Iran's powerful Revolutionary Guards warned that the imposition of sanctions on the Islamic republic over its nuclear programme could push the price of oil to 100 usd a barrel.

    'Any sanction against Iran can make the oil price reach 100 dollars a barrel,' General Yahya Rahim Safavi said in a speech to worshippers attending Friday prayers in Tehran.

    Iran is OPEC's second biggest producer.

    'Any economic and political pressure on Iran from any power ... will result in a harsh reaction from Iran,' he added.

    The Islamic republic 'has a solid and unbeatable defence potential (and) can retaliate and attack the interests of the enemies in remote places,' the general asserted.

    The EU and US have this week been pushing for tough action against Iran by the UN's International Atomic Energy Agency (IAEA), arguing the country could be using an atomic energy drive as a cover for weapons development.

    But the EU has been forced to back away from its bid to take Iran before the UN Security Council -- a move that would represent a severe political sanction -- due to opposition from Russia and several other states.

    Iran insists its nuclear programme is for peaceful purposes only.
     
    #1 tigermission1, Sep 25, 2005
  2. DaDakota

    DaDakota If you want to know, just ask!

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    Then we would just have to go in and take that oil.

    :rolleyes:
     
    #2 DaDakota, Sep 25, 2005
  3. Zboy

    Zboy Contributing Member

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    Maybe if Iraq mission had been anywhere close to being a success, we could seriously look at this option. But with all the mess we have created in Iraq, I am not sure if we can just go in and "take the oil". Iran is capable of inflicting damage.

    Iran could have been taken down with diplomacy. Bush has alienated our allies though. And to top it off, China and Russia are backing up Iran.
     
    #3 Zboy, Sep 25, 2005
  4. tigermission1

    tigermission1 Contributing Member

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    Not if they burn every single oil field in Iran and bomb every single one in the gulf area, then oil prices would be $1000/barrel and we would have WWIII on our hands.

    Easier said than done DD :)

    BTW, Saudi Royals have similar plans in case anyone even thinks of taking them out and overtaking their oil fields. They reportedly implemented a 'doomsday' strategy in which all their oil fields will 'self-destruct'. So see, I told you the Saudi regime was the most stable in the world ;)
     
    #4 tigermission1, Sep 25, 2005
  5. TMac640

    TMac640 Contributing Member

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    bomb them.
     
    #5 TMac640, Sep 25, 2005
  6. DaDakota

    DaDakota If you want to know, just ask!

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    I used the roll eyes for a reason.
     
    #6 DaDakota, Sep 25, 2005
  7. pippendagimp

    pippendagimp Member

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    It's one thing to do some driveby's with our F-15's and take out some of their strategic targets, that's doable. But going in with troops, taking over, and occupying Iran is pure lunacy. We would likely suffer thousands upon thousands of casualties to our troops within the first year, not to mention risking the entry of other nations into the war against us. Really the only way to take out both Iran's military and potentially insurgent populace without taking large casualties on our side, is via nukes. And that option will render the oil useless anyways.
     
    #7 pippendagimp, Sep 25, 2005
  8. AMS

    AMS Contributing Member

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    the correct wink would be the :p or the ;)

    one would assume the :rolleyes: was used for the iranians threat.
     
    #8 AMS, Sep 25, 2005
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