No attack on Iran; Thanks to Friends of Bush

Faramarz_Fateh
by Faramarz_Fateh
30-Jun-2008
 

Thanks to many friends of Bush (FOB), the multi millionaire stock market heavy weights on wall street who speculate large sums of money on oil every day, prices of crude oil, diesel, heating oil and gasoline have shot up through the roof in the past 6 months.  It is reported that 7 individual traders and a handful of institutional energy traders have taken in profits in excess of $37 billion in the last 6 months.  Thats $3,858 per second, every second, for the past 180 days.

The $37,000,000,000 excludes monies made or lost in U.K, rest of Europe or Asia (mainly Hong Kong). 

The 50% increase of energy prices has created a very bad economic situation in the U.S. and I guess in the entire world for that matter.  It is estimated that a limited surgical attack on Iran by either Israel or the U.S. or a combination thereof will push oil prices to  $200-$250 a barrel.  If during this attack waterways of Hormuz &/or The Persion Gulf are  effected in any way, oil prices can reach $350-$500 range; maybe not permanently but for sure on a temporary basis for a few months.

Can you imagine oil at $350 a barrel in October of this year?  That means $10+ per gallon of gas.

Republican hawks and the Jewish lobby now have 3 choices:

1) No attack.  Just continuous widening of economic sanctions.

2) Attack with provisions for safe gaurding the shipping water ways.

3) Attack with no provisions and basically leaving the mess for Obama. 

Although I had predicted an attack between the presidential elections in Russia and the U.S., I now think the cost of an attack will be too high for the U.S.   One can never say never, but an attack on nuclear sites of Iran now is unlikely. 

Balatarin
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samsam1111

As an Ex-Active trader I can assure you...

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default

Iraq relpayed

by ali reza (not verified) on Mon Jun 30, 2008 08:15 PM PDT

Iran current situation remind me of Iraq before allied invasion.They accused Iraq of developing WMD which they are still looking for and 3 sets of embargos they placed on Iraq.Poor Saadam complied with all their wishes,but minds were already made and he had to go since their boy had outlived his use:)


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Mehdi

Who says America is supposed to win?

by Mehdi on Mon Jun 30, 2008 03:15 PM PDT

The warmongers are not concerned whether America wins or loses - they are concerned about their own profit only. America lost in Iraq too but these boys and girls did make and are still making huge profits. The possible war on Iran has never been for the benefit of America or even "Israel." It's only a few INDIVIDUALS who make profit from it.American taxpayers must pay (along with Israeli taxpayers) so that these criminals can make huge profits.


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