A news found in Yahoo news ==>
The resumption, by Iran, of sensitive research activities in the nuclear field increases tensions with the Western countries, which evoke sanctions. Threat from which Tehran is not afraid. On Saturday, at his second press conference since coming to power, Iranian ultra-conservative President Mahmoud Ahmadinejad had already reaffirmed his country's right to nuclear technology. On Sunday, the Iranian Minister of Economy went a little further, by clearly evoking the possible repercussions of a worsening of tensions on the oil market.
"Any sanction in the current situation will be more harmful for the West than for Iran," warned the Minister of Economy, quoted on state television, on Sunday. "Iran has a very important regional situation," he explained, and "any disturbance in the economic and political situation of the country can put this regional situation in crisis and cause the price of oil to rise beyond what 'Westerners are waiting for. " As if to give weight to this thinly veiled threat, the representative of Iran in OPEC announced a little later in the afternoon that Iran advocated a reduction in the production quota of the cartel ...
Market concern
Iran is the second largest producer in the Organization of the Petroleum Exporting Countries, with production of approximately 4,2 million barrels per day in 2005, and exports of 2,7 million barrels per day, for a world consumption currently around 84 mbd. The Islamic Republic's announcement Tuesday of its resumption of sensitive nuclear activities, against the advice of Western countries, had already increased the price of a barrel in New York from three dollars in two days, to nearly 65 dollars Thursday.
Iran: Oil blackmail ......
Iran: Oil blackmail ......
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Only when he has brought down the last tree, the last river contaminated, the last fish caught that man will realize that money is not edible (Indian MOHAWK).
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Very good ! (not for Iran bullshit but the price of crude)
When is the $ 100 a barrel?
When is the $ 100 a barrel?
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