Tension With Iran Adding $20-30 To Oil Prices: Obama
Source: Agence France-Presse
(AFP) – 2 hours ago
WASHINGTON — Tension with Iran and "uncertainty" in the region is adding a $20 or $30 premium to oil prices, pushing up gas prices for vehicle owners in the United States, President Barack Obama said.
"The key thing that is driving higher gas prices is actually the world's oil markets and uncertainty about what's going on in Iran and the Middle East, and that's adding a $20 or $30 premium to oil prices," Obama said in an interview with the American Automobile Association (AAA) published Friday.
Obama also said increasing demand for oil in China and India was driving prices.
"As more and more people around the world see their standards of living rising, they purchase cars, they have demand for oil, that creates a greater demand worldwide and that raises the price," Obama told AAA.
Read more: http://www.google.com/hostednews/afp/article/ALeqM5iromrVjCr0NFtRmfHLWJPI5we6Rg?docId=CNG.a052edb42ec06efab8b3a05902ed62aa.41
Thanks Israel...indeed!
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IthinkThereforeIAM
(3,077 posts)... of the price of crude oil. 
"The CEO of Exxon-Mobil, Rex Tillerson, told a Senate hearing last year that speculation was driving up the price of a barrel of oil by as much as 40%"
http://www.cnn.com/2012/02/28/opinion/sanders-gas-speculation/index.html
zbdent
(35,392 posts)in the Middle East ... more threats to "stability" means more spiking of the prices ...
CAPHAVOC
(1,138 posts)Is bring all our troops home and get out of there.
MD20
(123 posts)Lets cut to the chase, shall we? We know that nations with large populations are emerging and demanding their share of the natural resources. Oil is the key to economic autonomy in the USA if it is controlled by the government. The right wing republicans are the "speculators" behind these spikes as are some of us. Those of us who hold stock in these oil giants are profiting from this "robbery at the pumps."
Tapping into the Strategic Oil reserve could put a damper on speculation. However, when the oligarchs make international deals
to keep the price of oils high for the purpose of defeating Obama, what can you do?
The most viable option is to Nationalize oil and all refined oil products that originate here. If that is socialism, so be it.
Peace Patriot
(24,010 posts)Sluggo The Nastycat
(3 posts)If U.S. oil interests and the refined products are to be nationalized, you have to establish value on such products. I agree that this has to be done in an effort to stabilize the global markets and make it fair for everyone, but how this is done escapes me. Establishing a price that will be equitable amongst all products and all economic demographics not just in the U.S., but worldwide, is a serious challenge that we all must work hard to achieve. Obama, despite his faults, is the best chance we have and I think in his second term he will unleash the dogs and get the job done.
O'12!!!
leveymg
(36,418 posts)Instantly, no more threats of war in the Mideast. Gas prices should go down 25%. If that doesn't work, fly Predator drones over the Chicago Board of Trade and Wall Street. They'll get the message.
Myrina
(12,296 posts)Didn't we hear that same thing in early 2003 re: Iraq?
Fearless
(18,421 posts)He's saying that the TENSIONS with Iran are causing it... not that Iran is causing it. Additionally that was never a meme in 2003 before invading Iraq. It was about the mystery "weapons of mass destruction" that naturally didn't exist.
Canuckistanian
(42,290 posts)They're not losing a cent during these "uncertainties". And there's been no sudden spikes in demand.
So why do we have to suffer?
unkachuck
(6,295 posts)....even more than jobs and 8% plus unemployment, the high price of gasoline will doom your re-election....stabilize and bring the price of gas down....people can not afford $5-$10 a gallon gas....
....people want to vote for you but our economy and infrastructure are not setup to function on $5-$10 a gallon gas....people will have to give up many things, and first on their list will be you....
Rosa Luxemburg
(28,627 posts)will someone wean us off it
besides I thought we got most of our oil from Venezuela?
Dr_Scholl
(212 posts)n/m
Rosa Luxemburg
(28,627 posts)Can Canada, Norway and central/S America supply us?
Alamuti Lotus
(3,093 posts)
Earth_First
(14,910 posts)Peace Patriot
(24,010 posts)...and which of us is the most dangerous country--Iran, which has invaded NO ONE, or the U.S., which invaded Iran's neighbor, slaughtered hundreds of thousands of innocent people there, wrecked and looted the country and violated numerous national and international laws?
U.S. hypocrisy is mindboggling on the matter of Iran--a country whose first democracy WE deliberately destroyed, in 1954, because Iran's first president, a popular hero, had nationalized the oil. Then we inflicted them with the horrible "Shah of Iran" for 25 years of torture and oppression. It's really no wonder that Iran--one of the most potentially progressive countries in the Middle East--turned to the mullahs for unity and protection. They have reason to be afraid of us. They have had such reason for more than half a century--and the reason has increased by orders of magnitude since the U.S. invasion of Iraq. WE are the ones whom the world can no longer trust. WE are the ones who wage illegal, unnecessary, horrible war. WE are the ones trying to dominate the world and its governments, peoples and resources, in the interest of transglobal corporations, banksters and our own war profiteers. And when you factor in Predator drone strikes and black ops, assassinating people all over the world without benefit of trial, including "collateral damage" to numerous civilians, our "war on drugs" and its enormous carnage in Colombia, Honduras, Mexico and other places, the torture of prisoners by the U.S., the execution of prisoners in the U.S. (and elsewhere), the U.S. weapons trade and other evidence, there is a good argument that WE are "the terrorists"!
We have been given a very false picture of the Middle East--drummed into our heads, day in, day out, by the corporate/war profiteer media. Nuclear weapons IS NOT THE ISSUE--or, it is only the issue as to Iran's ability to defend its oil from U.S. and allied transglobal corporate predation, by possessing a deterrent to invasion. They are NOT "madmen." They know that they and their country would be instantly annihilated if they ever used a nuclear weapon (or even conventional ones) against the U.S., Israel or their allies. Their purpose is deterrence and they have good reason--better than anybody on the planet--to need one! THEY were invaded by Saddam Hussein when he was a U.S. ally! Not the other way around. They suffered enormous casualties defending their country. And then their neighbor country was invaded--with all the evil intent of Bush, Cheney and Rumsfeld.
The U.S. doesn't want Iran to possess a nuclear deterrent because the U.S. wants to be able to walk all over them, like the U.S. did to Iraq and/or like the U.S. did to Iran throughout the modern period, by installing a bought and paid for U.S. dictator. It is only under the Islamic Republic of Iran that Iran has had any independence in this era. And that republic may have grave flaws but it is theirs--and furthermore the U.S. ignores similar or worse flaws in countries that are friendly to U.S. transglobal, bankster and war profiteer interests--Saudi Arabia, Egypt, Afghanistan (under Karzai), Colombia and more. That is another thing that this is NOT ABOUT--Iranian democracy, women's rights, head-bashing police (we should talk!). That is just flak. It really is. We LIKE kings and dictators. We PREFER them--if they "play ball" with the U.S. U.S. "promotion of democracy" is one of the biggest crocks of shit in the world. In Latin America, the U.S. government is giving billions of our tax dollars to rightwing causes--to people who believe that they are "born to rule," to fascists, to those running police states, to thieves and liars, to exploiters and murderers of their own people. WE. DON'T. CARE.
It's about THE OIL! It has been all along. It is now.
KansDem
(28,498 posts)It appears we've been given very false pictures for quite some time...
http://academic.evergreen.edu/g/grossmaz/interventions.html
Over 10 instances of CIA involvement...
