Archive for June, 2008

How much will oil prices go up if Iran decides to close the “Strait of Hormuz” in the Persian Gulf?

strait of hormuzIran has said countless times that it would almost certainly suspend most or all of its oil sales abroad in retaliation of an attack; that would remove a couple of million barrels from the current worldwide supply of roughly 85 million barrels per day. Then—and this is crucial—Ahmadinejad’s increasingly close ally, Hugo Chávez, would in all likelihood at least stop sales to the United States and possibly declare a general suspension of sales. If Iran is attacked, oil prices would go up to $200 - $300 a barrel. That is about $10-$12 USD a gallon.

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Attack on Iran is near

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There is a lot of news today about the soon to come attack on Iran. I believe Israel and the United States (with UK and France?) will attack Iran’s nuclear facilities within the next 2 months.

Iran ready to strike at Israel’s nuclear heart

U.S. ‘preparing the battlefield’ in Iran

Top US commander briefed on IDF’s four-front strategy in potential Iran war context

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Sarkozy warns on nuclear-armed Iran

sarkozyA nuclear-armed Iran is “unacceptable”, French President Nicolas Sarkozy told the Israeli parliament today.

Sarkozy has consistently slammed the Mullah Regime on this issue. On August 27, 2007, Sarkozy said that Iran could be attacked militarily if it did not live up to its international obligations to curb its nuclear program.

Let’s hope this is not empty-handed rhetoric.

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Iranian newspaper banned for criticizing Ahmadinejad

An Iranian newspaper was banned for having criticized the performance of Ahmadinejad in the last three years, official news agency IRNA reported Sunday.

The daily Tehran Emrouz (Tehran Today) had criticized Ahmadinejad’s economic and foreign policies in a special bulletin Saturday on the occasion of the third anniversary of his election.

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Ahmadinejad: Israel will soon disappear


“I must announce that the Zionist regime (Israel), with a 60-year record of genocide, plunder, invasion and betrayal is about to die and will soon be erased from the geographical scene…Today, the time for the fall of the satanic power of the United States has come and the countdown to the annihilation of the emperor of power and wealth has started.” [source]

Ahmadinejad also again expressed his apocalyptic vision that tyranny in the world be abolished by the return to earth of the Mahdi, the 12th imam of Shiite Islam, alongside great religious figures including Jesus Christ.

Hitler said he’d do it and Ahmadinejad means to do it. Does history repeat itself? Hopefully we learned our lesson the first time.

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