How then, do we move backwards? How does a society, with most of the people having no clue of future events, move from being dependent on a vast and intertwined network of goods and services produced by the indigenous people of whereever, to a local resource and renewable energy based society, and do so in the timeframe available (20-30 years using the most liberal extimates, 10-20 with resonable estimates, 5-10 with worst case scenarios), all the while prices on everything increasing, world politics getting more militaristic, governments continuously reducing civil liberties, shortages of goods on the market and weather patterns resembling bad Hollywood movies?
Joined: Dec 18, 2004 Posts: 4027 Location: One Mile From the Columbia River
Posted: Fri Jul 11, 2008 11:17 am Post subject: Re: how high will oil go if Israel bombs iran?
Yeah, looks like someone went through there already. Ok, it's already been checked off. Check.
Ok, how about Pittsburg? Or how about maybe Las Vegas. No one goes there anymore anyhow. _________________ Everything is Impermanent. Shakyamuni Buddha
Joined: May 27, 2007 Posts: 1062 Location: The Post Peak Oil Historian
Posted: Fri Jul 11, 2008 12:40 pm Post subject: Re: how high will oil go if Israel bombs iran?
Sizing up Iran's oil threat
In response to a preemptive strike from either Israel or the United States, Iran would be tempted to fire missiles on key production facilities in neighboring states, according to Ruppel. Targets could include Iraq's oil loading facility in the port city of Basra, which exports most of the country's daily output of more than 2 million barrels, or Saudi Arabia's massive Abqaiq plant, which process over 6 million barrels of crude a day.
A successful attack on Abqaiq, he said, would cause sustained oil prices of $200 to $250 a barrel.
"If you do it right, you could do a phenomenal amount of damage," he said.
The head of the Organization of Petroleum Exporting Countries warned yesterday that oil prices would experience an “unlimited” increase in the event of a military conflict involving Iran because the group's members would be unable to make up the lost production.
Iran, the second-largest producing country in OPEC after Saudi Arabia, produces about 4 million barrels of oil a day out of the daily worldwide production of close to 87 million barrels.
link _________________ In a time of deceit, telling the truth is a revolutionary act.
- George Orwell
Joined: Apr 13, 2005 Posts: 2811 Location: St.Louis, Mo
Posted: Fri Jul 11, 2008 6:21 pm Post subject: Re: how high will oil go if Israel bombs iran?
The US defeated the Soviets in the cold war by conspiring with the Saudis to flood the market with oil and drive the price down , which bankrupted the Soviets who were dependant on their oil revenues. How ironic would it be for the Russians to watch the US go bankrupt by high prices ? The Russians have to be giggling like little girls over the US now.
Posted: Fri Jul 11, 2008 9:42 pm Post subject: Re: how high will oil go if Israel bombs iran?
Armageddon wrote:
The US defeated the Soviets in the cold war by conspiring with the Saudis to flood the market with oil and drive the price down , which bankrupted the Soviets who were dependant on their oil revenues. How ironic would it be for the Russians to watch the US go bankrupt by high prices ? The Russians have to be giggling like little girls over the US now.
The Russian did far less in pushing up oil price than the US and Israel did.
If US go bankruptcy because of high oil prices, it's a conscious choice the US ruling class has made, the ones that really go bankruptcy are mostly middle class Americans.
The middle class have been hit with outsourcing, housing bubble, credit crunch, and now oil and food bubble. As a result, a former middle class would first loose his job, then sink into debt, and become dependent on rollover of debt, then unable to rollover debt, then try to cut cost, then find food and energy cost surging and unable to cut cost, then have to file bankruptcy.
Only few middle class would survive these coordinated attacks. Why did the ruling class want to force the middle class into bankruptcy, rather than keeping them in servitude for life with debt? Why do they risk armed revolt for some marginal gain?
Last edited by gmin on Fri Jul 11, 2008 10:23 pm; edited 2 times in total
Posted: Fri Jul 11, 2008 10:16 pm Post subject: Re: how high will oil go if Israel bombs iran?
If Iran gets lucky and hits Abqiaq it will be over $500.
Even if they don't it will be over $200. At least for awhile.
Not only you will have another war in the Middle East, you will have riots over fuel and food all over the world. Bush and his buddies will be in a cave so what do they care?
Joined: Sep 25, 2004 Posts: 4346 Location: Boston, MA
Posted: Fri Jul 11, 2008 10:40 pm Post subject: Re: how high will oil go if Israel bombs iran?
manu wrote:
If Iran gets lucky and hits Abqiaq it will be over $500.
Even if they don't it will be over $200. At least for awhile.
Not only you will have another war in the Middle East, you will have riots over fuel and food all over the world. Bush and his buddies will be in a cave so what do they care?
Why do they want a cave?
Wouldn't they prefer to be able to dine at the fanciest restaurants in a vibrant New York City and play tennis in exclusive country clubs?
They already have a nice life. Why screw it up by collapsing the world economy?
THERE IS NOTHING TO BE GAINED FOR THE POWERS THAT BE BY ATTACKING IRAN.
I don't understand why people think that leaving the US and moving to a bunker in Paraguay is what President Bush wants to do... _________________ "www.peakoil.com is the Myspace of the Apocalypse."
Posted: Fri Jul 11, 2008 11:04 pm Post subject: Re: how high will oil go if Israel bombs iran?
Tyler_JC wrote:
manu wrote:
If Iran gets lucky and hits Abqiaq it will be over $500.
Even if they don't it will be over $200. At least for awhile.
Not only you will have another war in the Middle East, you will have riots over fuel and food all over the world. Bush and his buddies will be in a cave so what do they care?
Why do they want a cave?
Wouldn't they prefer to be able to dine at the fanciest restaurants in a vibrant New York City and play tennis in exclusive country clubs?
They already have a nice life. Why screw it up by collapsing the world economy?
THERE IS NOTHING TO BE GAINED FOR THE POWERS THAT BE BY ATTACKING IRAN.
I don't understand why people think that leaving the US and moving to a bunker in Paraguay is what President Bush wants to do...
You don't think they have caves in the U.S.? They have huge ones in Colo. and also many others, esp. Virginia. Whether or not, "they" are collapsing the world economy, it is collasping. Or haven't you noticed yet? Power and greed are unlimited. People have aspired to conquer the world over and over in history. You don't think they already had a nice life? Another thing is that there is a resource war going on already, it will get worse. The "nice" life will soon be over for everyone.
Joined: Apr 13, 2005 Posts: 2811 Location: St.Louis, Mo
Posted: Sat Jul 12, 2008 12:58 am Post subject: Re: how high will oil go if Israel bombs iran?
I have to be the breaker of bad news, but the real goal for the US/Brits/Israeli's/Zionists/Rothschilds/Rockefellers etc. is Russian oil and natural gas.
Posted: Sat Jul 12, 2008 1:19 am Post subject: Re: how high will oil go if Israel bombs iran?
how high will oil go if Israel bombs iran?
My guess is about 250 feet but if the oil is lying on and not under the ground it could go as high as 300 feet. _________________ www.askaboutenergy.com
Joined: Dec 04, 2006 Posts: 199 Location: End of the plateau
Posted: Sat Jul 12, 2008 2:35 am Post subject: Re: how high will oil go if Israel bombs iran?
Our economy is already fried so what have the US and Israel got to lose by bombing Iran? _________________ Machines are what distinguish modern man from the savage..
Posted: Sat Jul 12, 2008 3:22 am Post subject: Re: how high will oil go if Israel bombs iran?
EndOfGrowth wrote:
Our economy is already fried so what have the US and Israel got to lose by bombing Iran?
I mantain this war is the only course that can possibly bring about a Mccain win, at least the hope of a win. And complete distraction from Fannie/Freddy collapse, and furor at the Republicans for $150/gas as well.
For these reasons alone (and there are many others), I feel the war is assured to occur in the very near term, possibly within weeks, in fact.
Joined: Jul 21, 2004 Posts: 1238 Location: Suburban tar sands
Posted: Tue Jul 15, 2008 11:43 pm Post subject: Re: how high will oil go if Israel bombs iran?
Armageddon wrote:
The US defeated the Soviets in the cold war by conspiring with the Saudis to flood the market with oil and drive the price down , which bankrupted the Soviets who were dependant on their oil revenues. How ironic would it be for the Russians to watch the US go bankrupt by high prices ? The Russians have to be giggling like little girls over the US now.
Didn't Osama bin Laden also help win the cold war? Give the the guy a little credit, guys!!!
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