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Netanyahu's speech...and the price of oil.
Posted by RCDfan1950 on 3/6 at 11:00 am
I listened to the AIPAC speech last night, and there is little doubt that Israel will bomb Iran in the near future. If Iran closes the Strait, by sinking a few ships, and the price of oil goes off the charts and shuts down the economy...will that be the final nail in the electability of Obama?


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Posted by jamboybarry on 3/6 at 11:01 am to RCDfan1950
quote:

will that be the final nail in the electability of Obama?


huh? Didn't you know he is for "women's health"


#winning



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Posted by Anodyne on 3/6 at 11:03 am to RCDfan1950
No. The media is in full campaign mode for Obama and he will not lose as a result. He would have to spend $50B to buy the kind of support he receives from the media outside of their complicit support.

Moreover, in all due fairness, Obama cannot really control to any degree the price of oil just as Bush could not.

He is a horrible president for many reasons, but that is not one of them IMO.



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Posted by CaptainBrannigan on 3/6 at 11:05 am to RCDfan1950
quote:

If Iran closes the Strait, by sinking a few ships, and the price of oil goes off the charts and shuts down the economy...


Iran is going to attack Saudi Arabia if Israel attack them. The price of oil will double over night.



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Posted by Anodyne on 3/6 at 11:07 am to CaptainBrannigan
I'd be willing to bet that no one attacks anyone before the 2012 election.

Remember that Bush was supposedly going to attack Iran. Then Israel was going to attack Iran before Obama's inauguration because he was a "closet Muslim".

It ain't gonna happen folks.



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Posted by TK421 on 3/6 at 11:20 am to CaptainBrannigan
quote:

Iran is going to attack Saudi Arabia if Israel attack them.


If Iran attacked Saudi Arabia, Iran would be demolished in a matter of days. That would give the U.S. a reason to get involved.



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Posted by RCDfan1950 on 3/6 at 11:23 am to Anodyne
Beck said this morn, that the price of oil may go to 5-600; he has the ear of most any oil guy he wants, so I would imagine that his numbers are close.

The price of oil CAN BE manipulated, by the SUPPLY of course. Bush opened the strategic reserve, and the leases - to the degree able - and the speculation alone, drops the market price almost instantaneously. Obama has floated just such a policy; but the R's don't want to go along in order to "bail out his flawed energy policy, for his electoral sake".

I just don't think that if they did spend a billion on ads...when the cars stop rolling like back in the 70's...this bunch of spoiled brats are going to throw and tantrum. And any of the R nominees ought to be able to slam the door. Of course, Obama could use the 'see there, we were right re alternatives' , and turn the tables....AGAIN!

Bottom line...if oil goes off the charts, it will definitely be an electoral factor.

Israel IS ramping up to take Iran's nukes out; it wouldn't have surprised me if they would have struck LAST NIGHT, while BB was speaking. Iran is getting close...and Netanyahu stated "never again"; that he "wasn't going to gamble" on the security of his people.

Stock the pantry.




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Posted by trackfan on 3/6 at 11:24 am to Anodyne
quote:

Moreover, in all due fairness, Obama cannot really control to any degree the price of oil just as Bush could not.

I disagree with this. If he announced today that there will be no American attack on Iran and we will not in any way support an Israeli attack on Iran, the price of oil would free fall.



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Posted by MSMHater on 3/6 at 11:25 am to trackfan
quote:

I disagree with this. If he announced today that there will be no American attack on Iran and we will not in any way support an Israeli attack on Iran, the price of oil would free fall.


Link?

That's wildly speculative.

Does that scenario result in a lifting of sanctions? Increase in supply? Decrease in demand? Speculation might be effected, but there is no consistent measure for it's "involvement" in pricing.

Please elaborate.


This post was edited on 3/6 at 11:28 am

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Posted by Anodyne on 3/6 at 11:26 am to trackfan
quote:

I disagree with this. If he announced today that there will be no American attack on Iran and we will not in any way support an Israeli attack on Iran, the price of oil would free fall.


No it wouldn't. If by some chance Israel does attack, the US will get involved, if for no other reason, to keep the straights open.



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Posted by alajones on 3/6 at 11:34 am to RCDfan1950
quote:

I listened to the AIPAC speech last night, and there is little doubt that Israel will bomb Iran in the near future. If Iran closes the Strait, by sinking a few ships, and the price of oil goes off the charts and shuts down the economy...will that be the final nail in the electability of Obama?
No, because Israel won't do anything until after the election.

Also, everybody knows that gas prices are high because GDub and his buddies are getting rich. So in your face!


This post was edited on 3/6 at 11:34 am

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Posted by RCDfan1950 on 3/6 at 11:47 am to alajones
quote:

alajones
Netanyahu's speech...and the price of oil.

quote:
I listened to the AIPAC speech last night, and there is little doubt that Israel will bomb Iran in the near future. If Iran closes the Strait, by sinking a few ships, and the price of oil goes off the charts and shuts down the economy...will that be the final nail in the electability of Obama?

No, because Israel won't do anything until after the election.

Also, everybody knows that gas prices are high because GDub and his buddies are getting rich. So in your face!


Heck, Jones...what's to keep ANYBODY from buying oil stocks and "getting rich". I'll bet a lot of them Union retirement funds are in oil stocks.

Besides, even if that were the case, getting the price DOWN is what we want, and keeping the economy humming. Do you really believe that any 'rich' person, wants to see this whole thing collapse? No way...they have every incentive to keep prosperity going. Especially them.

The more that I contemplate this stuff, the more I like Newt. I think he pretty much bases his economic recovery model on the energy sector...just black...instead of green.




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Posted by trackfan on 3/6 at 11:48 am to Anodyne
quote:

No it wouldn't. If by some chance Israel does attack, the US will get involved, if for no other reason, to keep the straights open.

But Israel wouldn't attack if they know they're going to left on their own.



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Posted by RCDfan1950 on 3/6 at 12:06 pm to trackfan
So, TF...they'll just roll over and die! Not take the Islamists at their proven word! Assume that the REALLY don't believe their Book! Gamble on it?

Buddy...a wager for all the oysters and beer that you can put down in a sitting at Spitales Bar in Amite...if they don't hit Iran before the election. You on?

Iran is opening up a military part of their site to inspectors today , whoopee...more bait and switch. Israel knows it...so it don't matter what the rest of us think.




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Posted by olgoi khorkhoi on 3/6 at 1:11 pm to RCDfan1950
historically the US president has little or nothing to do with the price of oil. However, when the president wages war on traditional energy then he can have a huge affect on the price of oil.

Of course, the people that say that are using conventional wisdom as if the rest of us are stupid and don't know the difference between normal circumstances and what's going on now.



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