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It is Iran that may cause oil prices go up as it may blockade delivery of over 30 per cent oil from the Middle East by blocking Strait of Hormuz with Iranian crude oil tankers – Tehran has quite enough of them.
In case it is done so, even the USA won’t be able to react as new US president Barack Obama won’t be able to make hard political decisions in point of Tehran in the near future. I bet that Iran is pretty conscious of this advantage and will surely use such opportunity to make profit of it in political sense.
Free passage of shipping through the Strait of Hormuz is a vital U.S. interest. No President, Democrat or Republican, would ignore such an action so long as that vital interest exists. The decision to prevent or remove a blockade would not be a "hard" one as Democrats and Republicans would be united in eliminating a threat to the wellbeing of the U.S., not to mention the world's other states.
Hey! Economic experts in the world are correctly reasoning that current oil price of some $40 per barrel – it ain’t for long. It is Iran that may cause oil prices go up as it may blockade delivery of over 30 per cent oil from the Middle East by blocking Strait of Hormuz with Iranian crude oil tankers – Tehran has quite enough of them.
In case it is done so, even the USA won’t be able to react as new US president Barack Obama won’t be able to make hard political decisions in point of Tehran in the near future. I bet that Iran is pretty conscious of this advantage and will surely use such opportunity to make profit of it in political sense.
No one knows when exactly it may happen. But it is now that all oil consumers should make provision for the future, not to wait when oil prices start to go up once again. A most reasonable way out is to make vast oil reserves buying up as much oil as possible! The more cheap oil is bought now, the more is saved when oil rises in price!
Free passage of shipping through the Strait of Hormuz is a vital U.S. interest. No President, Democrat or Republican, would ignore such an action so long as that vital interest exists. The decision to prevent or remove a blockade would not be a "hard" one as Democrats and Republicans would be united in eliminating a threat to the wellbeing of the U.S., not to mention the world's other states.
Free passage of shipping through the Strait of Hormuz is a vital U.S. interest. No President, Democrat or Republican, would ignore such an action so long as that vital interest exists. The decision to prevent or remove a blockade would not be a "hard" one as Democrats and Republicans would be united in eliminating a threat to the wellbeing of the U.S., not to mention the world's other states.
LinkLet our position be absolutely clear: An attempt by any outside force to gain control of the Persian Gulf region will be regarded as an assault on the vital interests of the United States of America, and such an assault will be repelled by any means necessary, including military force. -- President Jimmy Carter
A most reasonable way out is to make vast oil reserves buying up as much oil as possible! The more cheap oil is bought now, the more is saved when oil rises in price!
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I'll stick my neck out and say I agree on this one.
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