Rice concerned about falling gas prices.

[Flabbergasted]

Oil jumps on tough Iran talk

Secretary of State urges Europe and Russia to put more pressure on key oil supplier Iran to come clean about nuclear ambitions.

NEW YORK (AP) -- Oil futures jumped back above $90 a barrel on Thursday as tough administration talk on Iran, the falling dollar and estimates of stronger Chinese economic growth drew buyers back into the market.

Thursday's gains also came in part on a sense that oil prices have fallen too quickly in recent days. Crude futures opened last week over $99 a barrel, but closed below $88 a barrel Wednesday.

"We probably fell a little too far a little too fast," said James Cordier, president of Liberty Trading Group in Tampa, Fla.

Cordier noted that many investors feel prices are still due for a run at $100 a barrel, and viewed prices in the high $80 range as cheap. "There's some bargain-hunting going on."

snip

Rice's talks with European and Russian officials showed the Bush administration remains committed to isolating Iran, despite a new U.S. intelligence estimate that contradicted years of assertions that Iran is secretly pursuing atomic weapons. Energy traders worry that any conflict between the West and Iran will cut into oil supplies from the Middle East.

http://money.cnn.com/2007/12/06/markets/oil.ap/?postversion=2007120615


Iran sanctions are all about raising oil prices.

[Ravy]

1. Gotta keep that price high. People *have* to heat their homes...

The Saudis need to be repaid for their war of, er... on terror.

[Donnachaidh]

2. Her oil company buddies haven't made enough money yet?

Prices are falling, but they keep creeping up here. They fell one cent overnight, but went up 2 this afternoon.

[lonestarnot]

4. Wrong question, should be: What are we going to do about those oil company buddies?

[spanone]

3. come clean my fucking ass. read the goddam NIE report.

[ORDagnabbit]

5. always remember she has an oil tanker named after her...

god I cannot believe these people are not in prison!

[Initech]

6. Yup. It's all about the oil.

This is why we need to elect a president who doesn't have ties to the energy industry like Commander Shit For Brains does.

[Horse with no Name]

7. No shit. Their croneys have some bucks in oil futures that must be realized

Anything less is un-American.

[bbinacan]

8. I don't think the US

imports oil from Iran.

[Flabbergasted]

9. No but OPEC does. Lots. nt

[bbinacan]

10. So what's your point? n/t

[Flabbergasted]

11. Threatening Iran raises the price of oil. nt

[bbinacan]

12. You're right. But why? n/t

[Flabbergasted]

13. The theory is anything that may disrupt oil supplies should

increase the cost of oil.

Naturally this is a load of crap.

[SoCalDem]

14. WTF?????

Too bad the citizens don't have a say anymore..

[riverdeep]

15. Condi and oil,

go together like strawberries and cream.

"Rice is a respected diplomat, but "I don't think anyone recognized the extent of her closeness to a major oil company," Lewis (head of Center for Public Integrity) said. "It's not every day that someone has an oil tanker named after her."

"I'm very proud of my association with Chevron, and I think we should be very proud of the job American oil companies are doing in exploration abroad, in exploration at home, and in making certain we have a safe energy supply," she (Rice) said.

"Lewis said that while some have written off the Condoleezza Rice as a small and humorous footnote to the Bush administration, the danger exists that it could turn into more."

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/04/05/MN222557.DTL

Note the date on this article is from April 5th, 2001. I'd say since then it has turned to something more.

[Freddie Stubbs]

16. Where exactly in the article does it say that Rice was concerned about falling gas prices?

:shrug:

[Flabbergasted]

17. Reading between the lines...

Rice knows that threatening Iran with sanctions increases the price of oil....

Oil prices were dropping and her threats brought them right back up again.

[riverdeep]

18. It doesn't.

That's the OP's take on the motivation. It should probably have a 'is' at the beginning and a '?' at the end.