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Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 08:02 PM
Original message
Oil Flirts With $100 As Iran Tensions Rise
Source: CNBC

US oil prices are flirting with $100 a barrel but don't fully reflect the potential for escalating tensions between the West and Iran, oil experts say.

Protesters carry the royal coat of arms after breaking in to the British Embassy during an anti-British demonstration in the Iranian capital on November 29, 2011 in Tehran, Iran.

The strained relationship between Britain and Iran took a turn for the worst Tuesday when students in Tehran stormed two British embassy compounds, where they broke windows, burned the British flag and threw petrol bombs.

The Iranian government this week expelled the British ambassador in retaliation for new economic sanctions that would sever relationships between British financial institutions and Iranian institutions, including its central bank.

MORE...

Read more: http://www.cnbc.com/id/45479504
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msongs Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 08:11 PM
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1. ..as the US and Britain make threats and bully Iran. nt
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McCamy Taylor Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 08:12 PM
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2. Kochs must need more money for their SuperPacs.
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Homer12 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 08:13 PM
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3. At least the Oil companies have a new excuse to raise prices
good for them ;)

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russspeakeasy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 08:49 PM
Response to Reply #3
7. They would have come up with something...
rain in rain forest causes oil prices to surge. Damn thieves
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McCamy Taylor Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 08:14 PM
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4. Or maybe UK really wants the Canadian oil sands project to go through.
Maybe they provoked Iran so that their embassy would be stormed (could have even paid students to storm it) to escalate hostilities so that the oil sands would become a matter of "national security."

Oil price scamming needs to stop.
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a la izquierda Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 08:29 PM
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5. Gas went up 30 cents in 6 hours here yesterday...
I wish I'd gotten gas in the morning. Ridiculous.
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Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 08:42 PM
Response to Reply #5
6. We took a 34 cent hit yesterday also. Mid-Michigan area. eom
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a la izquierda Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 08:53 PM
Response to Reply #6
8. I forgot to mention I'm in Ohio.
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 08:54 PM
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9. Speculators fucking the rest of the population.
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