Reply #19: I think there is serious bluffing and posturing

[Coastie for Truth]

Real issue number 1 - denominating oil in Euros vice Dollars, and on a Bourse in Iran -- not the UK or US. Bush and the US oil companies don't like this.

Real issue number 2 - The Russians need Iranian oil. They have so screwed up their own oilfields and refineries and infrastructure. See the links in Post 15:

1)
2)
3)

Bottom line - the Russians will reprocess Iran's reactor fuel at a at a loss to keep the oil flowing to Mother Russia.

Next question - why does Iran need nuclear power with all of their oil -- , i.e., we are running out of oil - the American consumers may not know it - but the ME oil producers sure do.