Last time I checked, they don't put natural gas on supertankers and market it on international markets. It is much more a local commodity.
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I don't ever recall anyone making that assumption on RTF.
Price of oil is global. When worldwide production is cut and there is tension in the middle east, you have a perfect storm skyrocketing cost.
When OPEC sees us cutting production, they take advantage of the situation by cutting thier production.
Once again, the subject has been derailed by a personal argument.
These Iranian gun boats have NO business going thru the Suez.
This is doing nothing but escalating tensions between the Muslim Arabs and the Jews.
Our Muslim Sympathizer in Chief is being challenged and does NOTHING!!!
This is not a challenge to Israel, this is a challenge to Obama.
Not good folks.
RK
In order that we not further tarnish RK's pristine thread and upset the guardian of all that is pious, I will admit that I am totally wrong, and know nothing about energy pricing. You are completely right, and I have no right whatsoever to express other opinions or theories.
My humblest apologies.
Once again, the subject has been derailed by a personal argument.:rolleyes:
Now, back to business......
These Iranian gun boats have NO business going thru the Suez.
This is doing nothing but escalating tensions between the Muslim Arabs and the Jews.
Our Muslim Sympathizer in Chief is being challenged and does NOTHING!!!
This is not a challenge to Israel, this is a challenge to Obama.
Not good folks.
RK
http://www.feedstep.com/rel_1573678_...gypt_Says.aspx
apparently, they have decided not to.-Paul
on a separate note, i believe the lifespan of the entire Iranian navy would be measured in hours if a conflict erupted. control of the Suez would not be an issue.
oil futures traders are the only ones to gain from Iran's posturing.-Paul