Crude oil ought to be $150 per barrel: Iran
DUBAI | Sun Sep 16, 2012 3:15pm EDT
The current prices are not high enough to threaten the world economy, so let's raise them to that point? So Iran not only has sent troops to Syria (Iran's Revolutionary Guards commander says its troops in Syria), they are threatening Israel with obliteration, they are developing nukes, they have ambitions in Iran, and when they succeed in all of this—which they will because the UN is an organization of cowards, moral cripples, and outright thugs (like Iran)— Wahabis and Sunnis and Sufis can all say goodbye to their freedom to practice their own brand of Islam. Iran is threatening to close off the world's oil supply causing a global armada to be headed there to prevent that (Armada of British naval power massing in the Gulf as Israel prepares an Iran strike). There can be no doubt that Iran is making their play to be THE regional power. IF they succeed, the world will become a vastly different place than it is now, including right here at home. And short of WWIII, they WILL succeed.(Reuters) - Crude oil should be at least $150 per barrel, Iran's oil minister was quoted as saying on Sunday, and the sanctions-hit country's OPEC governor said current oil prices were not high enough to threaten the world economy.
{snap....}
Iranian oil minister Rostam Qasemi said on Sunday crude oil ought to be at least $150 per barrel, the Iranian Students' News Agency (ISNA) reported.
Due to the shortsightedness of successive administrations, we are not prepared. Times are going to get very rough.