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gougenator Champion Author Dallas Posts:29,870 Points:3,246,875 Joined:Aug 2003	Message Posted: Jun 17, 2012 8:42:42 PM Ignore gougenator Report Abuse oh boy ,if they take millions barrels of oil off markets were in a world of trouble!! i smell a gouge coming! """NEW YORK (CNNMoney) -- The latest round of talks over Iran's nuclear program are set to begin Monday in Moscow, but analysts are not expecting a breakthrough that would avoid sanctions in coming weeks. The sanctions, from the United States and European Union, would apply to any country that buys Iranian oil, and could cut off nearly half of Iran's oil exports, removing a million barrels a day from global oil markets """" article [Edited by: gougenator at 6/17/2012 9:43:49 PM EST]

gougenator

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Dallas

Posts:29,870
Points:3,246,875
Joined:Aug 2003

Message Posted: Jun 17, 2012 8:42:42 PM

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oh boy ,if they take millions barrels of oil off markets were in a world of trouble!! i smell a gouge coming!

"""NEW YORK (CNNMoney) -- The latest round of talks over Iran's nuclear program are set to begin Monday in Moscow, but analysts are not expecting a breakthrough that would avoid sanctions in coming weeks.

The sanctions, from the United States and European Union, would apply to any country that buys Iranian oil, and could cut off nearly half of Iran's oil exports, removing a million barrels a day from global oil markets
""""
article

[Edited by: gougenator at 6/17/2012 9:43:49 PM EST]

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PithyOpiner Champion Author Stockton Posts:16,215 Points:1,598,520 Joined:Jun 2008	Message Posted: Jun 18, 2012 12:59:59 PM Ignore PithyOpiner Report Abuse Gee, Gas_Buddy's responses of late have been so replete in errors I'm beginning to wonder if Alzheimers is not setting in. Does anybody see him on a daily basis? If you do, follow him around to see how he is doing. One of the first tell-tale signs will be his zipper being down.
Dale Jr. Champion Author Illinois Posts:16,239 Points:3,239,000 Joined:May 2004	Message Posted: Jun 18, 2012 8:17:03 AM Ignore Dale Jr. Report Abuse I agree. Speculators will jump all over this.
MertieMan Champion Author Lexington Posts:14,798 Points:2,897,560 Joined:May 2005	Message Posted: Jun 18, 2012 7:03:49 AM Ignore MertieMan Report Abuse This little idiot is like the little idiot in charge of North Korea, they are both hell bent to start a world war with everyone else. We went from an imbecile in charge of North Korea to a child imbecile in charge. This is like putting a loaded .357 magnum in a 4 year old childs hands.
chemist74 Champion Author Cleveland Posts:13,510 Points:2,395,980 Joined:Apr 2005	Message Posted: Jun 18, 2012 6:55:12 AM Ignore chemist74 Report Abuse It will be interesting to see what happens if China does not cut Iranian oil imports enough to avoid sanctions.
forresj Champion Author Wilmington Posts:2,794 Points:545,205 Joined:May 2005	Message Posted: Jun 18, 2012 6:42:58 AM Ignore forresj Report Abuse honestly, i don't believe in helping anyone that's bent on the desire on killing you.
Hemond Champion Author Providence Posts:8,197 Points:133,625 Joined:Oct 2006	Message Posted: Jun 17, 2012 11:25:35 PM Ignore Hemond Report Abuse Just the opposite, the world is awash in oil right now. The oil market has already factored in any supply disruption. The commodity traders are expert at predicting the oil futures market, thats why they make so much money. If there was any hint of a supply disruption coming, the price would already be skyrocketing.
Gas_Buddy Champion Author Maryland Posts:25,984 Points:3,036,015 Joined:Aug 2004	Message Posted: Jun 17, 2012 9:52:54 PM Ignore Gas_Buddy Report Abuse If they take millions of sorrels off the market, why is a gouge coming? Why can't it just be "market" activity that increases prices (if that happens)? Why does everything have to be devious are nefarious?