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| Syria-Lebanon-Iran |
| Iran oil reserves up (We know why ....Iraq) |
| 2004-07-05 |
| Posted by:Mark Espinola |
| #3 With a 100% free market oil industry effort, Iraq could indeed match or even overtake Iran & maybe Saudis in the future. (If the situation inside Arabia continues to deterierate that will not be hard task to acomplish. In terms of Iran's mullahs, nothing lasts forever.) Right now Iran is making sure Iraqi crude oil does not flow to importing customers/oil companies through ongoing pre-planned acts of pin-pointed petrol-related sabotage, which in turn makes commodity futures/option oil trader nervious when a huge amount of global oil is removed from the market, in a geographic region of extrme instability, i.e. the Persian Gulf. The effect of Iraqi crude not being exported is benefiting Iran in two ways. First off Iran earns even more oil profits when the world bench price is driven up, caused by trader fear about locking in future prices. Second, the additional profits Iran earns through market 'bullishness' based on the 'fear factor' allows Iran's radical jihadic minded ruling mullahs to expand on increasing monitary support to further inflict harm on Iraq and spread additional acts of Shi'ite rooted terrorism around the globe. Every cent American based crude oil futures rise, and or falls, equals $10.00 per contract, thus if NY crude oil increses $2.00 in 5 trading sessions, that is 200 cents times $10.00 per each cent...it's a lot of money per contract. If a heavy hitters are trading 1000 to 5000+ oil contracts ....do the math. Traded natural gas contracts earn the same on the NY-oil futures market In addition to exporting their own crude oil, Iran, as all OPEC and other major producers of crude oil & natural gas, including energy related companies, trade the energy futures/options markets. Vast amounts of money can be made from bullish or bearish markets contingent on how one is positioned in any given month's energy contract Iran is earning a massive amount of money in the short term, and the longer the higher oil prices remain more innocent people are being blown up, through Iranian oil for terrorism. The Saudis are playing the same deadly game, except their branch of radical Islam is the cult of Wahhabism. Iran and Saudi Arabia are taking us for a ride in many respects, and making a fortune doing it. Both are laughing at us all the way to the bank! |
| Posted by: Mark Espinola 2004-07-05 8:42:47 PM |
| #2 With some high tech exploration and development, Iraq could easily overtake Iran and maybe even the Saudis. |
| Posted by: mhw 2004-07-05 4:07:28 PM |
| #1 One more in along line of reasons we need to get our economies in the West off of petroleum so these asshats don't get anymore of our money with which to cause even more mischief |
| Posted by: cheaderhead 2004-07-05 3:17:15 PM |