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oilcos will totally love the Iranians messing around in the Hormuz. The oil price will e and their windfall will be in the $10Bs.
http://news.yahoo.com/iran-army-decl...132115297.html
Iran army declines comment on MP's Hormuz exercise remarks
Reuters – Mon, Dec 12, 2011
Mon, Dec 12, 2011
TEHRAN (Reuters) - A member of the Iranian parliament's National Security Committee said on Monday that the military was set to practice its ability to close the Gulf to shipping at the narrow Strait of Hormuz, the most important oil transit channel in the world, but there was no official confirmation.
The legislator, Parviz Sarvari, told the student news agency ISNA: "Soon we will hold a military maneuver on how to close the Strait of Hormuz. If the world wants to make the region insecure, we will make the world insecure."
Contacted by Reuters, a spokesman for the Iranian military declined to comment.
Iran's energy minister told Al Jazeera television last month that Tehran could use oil as a political tool in the event of any future conflict over its nuclear program.
Tension over the program has increased since the International Atomic Energy Agency (IAEA) reported on November 8 that Tehran appears to have worked on designing a nuclear bomb and may still be pursuing research to that end. Iran strongly denies this and says it is developing nuclear energy for peaceful purposes.
Iran has warned it will respond to any attack by hitting Israel and U.S. interests in the Gulf and analysts say one way to retaliate would be to close the Strait of Hormuz.
About a third of all sea-borne shipped oil passed through the Strait in 2009, according to the U.S. Energy Information Administration (EIA), and U.S. warships patrol the area to ensure safe passage.
Most of the crude exported from Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq - together with nearly all the liquefied natural gas from lead exporter Qatar - must slip through a 4-mile wide shipping channel between Oman and Iran.
oilcos will totally love the Iranians messing around in the Hormuz. The oil price will e and their windfall will be in the $10Bs.
XL oil is not going to USA, but to central/south America
Of course some of the manufactured products will be exported. Why keep repeating it? Bottom line is the oil will be in Texas and not bottled up in the Persian Gulf.
What does that have anything to do with the pipeline?
Payroll Tax Cut Fight: Republicans Embrace Showdown With Obama Over Keystone XL
Sensing a political opening, congressional Republicans are moving toward a high-stakes showdown with President Barack Obama over a plan to link fast-tracked approval of an oil pipeline to a measure renewing a payroll tax cut.
Senate Minority Leader Mitch McConnell, R-Ky., said the proposed Keystone XL pipeline from Canada to Texas will help the president achieve his top priority – creating jobs – without costing a dime of taxpayer money.
"There is no reason this legislation shouldn't have the president's enthusiastic support," McConnell said Monday on the Senate floor. "The only reason for Democrats to oppose this job-creating bill would be to gain some political advantage at a time when every one of them says job creation is a top priority."
The State Department said last month it was postponing a decision on the pipeline until after next year's election. Officials said the delay is needed to study routes that avoid environmentally sensitive areas of Nebraska.
The GOP language would require approval of the pipeline within two months unless Obama declares it is not in the national interest.
The State Department warned Monday the congressional interference in the approval process would likely lead to a rejection of the pipeline. The State Department has authority over the project because it crosses an international border.
"Should Congress impose an arbitrary deadline for the permit decision, its actions would not only compromise the process, it would prohibit the department from acting consistently with National Environmental Policy Act requirements by not allowing sufficient time" for the project to be considered, the State Department said in a statement.
In that case, "the department would be unable to make a determination to issue a permit for this project," the statement added.
McConnell and other Republicans dismiss such procedural objections.
"The only thing arbitrary about this decision is the decision by the president to say, `Well, let's wait until after the next election,'" said House Speaker John Boehner, R-Ohio.
http://www.huffingtonpost.com/2011/1...comm_ref=false
I think the pipeline is a fairly good idea, as long as it is done responsibly and with a fair amount of care.
If you are worried about being vulnerable to oil supply disruptions though, it will make our economy *more* vulnerable to oil supply disruptions, not less, unless you ins ute some pretty drastic government restrictions on the free oil market.
If you are worried about Iran's army, and you like a free market system, then simply tax carbon intensive energy, and let the free market decide how to make us less dependent on oil overall.
Stick that in yer head and let it roll around a bit.
That right there is the crux of the issue.
Let's say we produce a lot more oil and import less.
The global price is set by GLOBAL supply demand.
If we import less, then that makes oil in general more affordable overseas.
In any event we will still be importing oil AND doing so at the GLOBAL price, because the producers of that oil can sell it to us, or to anybody else they choose.
Over the long term, cheaper oil will mean that the up and coming economies with young populations will build more of their energy infrastructure around it, and increase longer term demand.
We are going to increasingly compete with the energy demands of 3 billion or so new consumers, whose economy and ability to pay are increasing much faster than our is.
The world changed while the "drill here, drill now" head in the sand crowd wasn't looking.
Sad thing is that their moronic policies will cost us all a lot in the long run.
Are any of you old enough to remember the last time middle east oil production got disrupted? 1980...when Iran/Iraq war started? You couldn't BUY gas...stations would get a truckload of gas and the lines would back up for dozens if not hundreds of cars...They would sell out their weekly gas allotment and lock the door and go home...It really sucked too, because I was driving a L88 Vette that got like 130 miles on a tank of gas...
We never had such lines where I was living back then. Only when we went to Dallas or something.
And I'm really not afraid of the Iranian Navy.
They don't need a navy to close the strait...it's only 4 miles wide at the neck...They could mine it or just shoot the tankers trying to run it with land based missiles/artillery.
You really think they would do that?
I don't think they want to give the Sunni an excuse to finance a military action against them.
Quite honestly, I don't know what to think about the current rulers of Iran...they aren't exactly stable and predictable...
The religious leaders are fairly predictable tbh. Focusing on the president is folly. , there's a good chance the office won't exist soon.
Iran is out to get us, they are a bunch of meanies
I think it's a bit more complicated and sophisticated than that but, yeah, you get the gist.Iran is out to get us, they are a bunch of meanies
only thing to get is the fear mongering is starting early this eleciton cycle
Fear mongering?
the Iranians threatening to close the straits is really just Republican fear mongering?
Got DAMN you are a ing idiot....
Iranian leaders are actually extremely predictable. But in any event, No. That pipeline is a terrible idea for a fuel we need to be moving away from.
You act as if this is the first time they've said this. They ALWAYS threaten that . Its their biggest threat. You see a reason to build a pipeline. I see a reason to make an even stronger push toward alternative energy.
By next week? What alternative would that be?
Just widen the Suez Canal so ships don't have to wait to pass each other.
Would the pipeline be ready next week?
Oh I'm sorry, you're planning on building the pipeline by next week?
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