World Oil Near Record Highs: Iran & Venezuela To Blame??
Along with China & Russia?
Chinas demand for oil is massive. they are purchasing our debt across the globe which means we now owe them.
Russia has nothing to lose, if the world economey (Eurostate & Dollar) falls.
Not to mention, they both are good pals of Iran & Venezuela.
Anyone remember this???
“If the US happens to invade Iran, oil will not just reach $100, but $200 per barrel,” Chavez said. “Not one drop of oil will leave Iran” in an invasion.
“The same would happen here,” as the people of the country will halt exports, he (Chavez) said.
Granted, we have not invaded Iran, but they sure have invaded Iraq. Is this another “Proxy War” in the making? Could they hold the worlds oil supply hostage?
Why hasn’t OPEC production increased in the past 10 years? Iran claims to have the world’s third largest reserves of oil and the Venezuelan government said its proven oil reserves had risen to 100 billion barrels as of 2007.
How about this???
Oil prices of $80 to $100 a barrel are “fair” and Venezuela will seek to keep prices in that range, Chavez said.
“We seek stabilization at $100 a barrel for several years,” Chavez said at a press conference on Wednesday in Caracas. He said prices over the past 30 years were “very low” and that $100 oil today was, after inflation, similar to the $30 oil experienced in 1973 and 1974.
So what say you? Is Iran and Venezuela to blame? Could they be cornering the market in crude oil?
Just my thought for the day…
Above quotes from Caribbean Net News
I ask these questions due to this post earlier yesterday….
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These guys are taking advantage of our dependance on oil as well as our more ‘liberal’ citizens blocking any progress toward incresing domestic production.
We need to drill and we need to build nukes, yesterday. Sending our money overseas is just no good, especially when it goes to dictatorships. They don’t use it to build schools and hospitals. They buy weapons and they build armies. Armies we will face off against, sooner or later.
May 7th, 2008 at 4:31 pmas ignorant as this sounds, the last time i checked if sand gets hot enough it turns to glass right?
well we nuke iran, then while we wait for the fallout, we keep the “stability” of $100 a barrel, then go back, drill holes in the glass and start pumping out some texas tea. but thats just my 
thinking 
May 7th, 2008 at 4:34 pmIf there were ever a couple of grinning devils, these two certainly fit the description…
May 7th, 2008 at 5:19 pmMore world confrontations have started over economics than any other issue… Look Ass hole buddies
May 7th, 2008 at 5:19 pmTime to really go to war for oil.
May 7th, 2008 at 5:20 pmWhat ever—yawn–
At least we won’t have oil rigs off the gulf, off the west coast, won’t be screwin up the Dakotas, won’t be jackin the caribou in ANWAR.
Most importantly, we won’t be upsetting the enviro whackos and stressing our outstanding elected politicians.
Were toast!
May 7th, 2008 at 6:47 pmThe problem can be easily solved by taking out both Iran and Venezuela.
May 8th, 2008 at 2:29 amthe ironic thing is we have the third largest oil fields behind Saudi Arabia and some place in Africa i think (Nigeria maybe)
May 8th, 2008 at 4:29 am