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War In Iran?

I filled up my gas tank last night in San Jose for $2.85/gal for the cheapest gas. Crude prices have been ripping in the last couple weeks as rumors have been fueling oil traders to take on speculative positions.

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Crude prices shot up 2% today on rumors that Bush will be launching an attack on Iran to destroy its nuclear weapons program.  Seriously, I wouldn't be surprised if geopolitical conflicts involving oil supply lead to World War 3. China and the US are scrambling to buy every last drop, and caught in the midst of it is the Middle East.

I don't really care much about politics, but I'm really surprised at how easily the US is getting away with finding ways to colonize the Middle East. Bush used 9/11 to invade Afghanistan and generate psycholoigcal support for anti-terrorist ideaology. Then, the campaign in Afghanistan somehow led to the belief that Iraq had WMDs (why not invade N. Korea, known to have WMDs)?? And now that Iraq has been taken care of, Iran is next?? Then again, it's hard to blame Bush completely, since what he's really doing for America is making sure that we have enough oil to survive for the next couple hundred years. I have no idea when all the oil is going to run out, but I hope it's after my lifetime, because at this rate, it's going to be really ugly.

In the longterm, when the oil runs out, Bush will probably be praised for his precocious decision to hoard oil for the sake of the preservation of the United States. However, in the short-term, a war in Iran is going to be a disaster for the economy (unless if you're in the oil biz).

What's your position on the issue?



4 Responses to “War In Iran?”


By Tim MMF on April 10th, 2006 at 7:56 pm

As a veteran, I’m not excited to see my brothers and sisters in arms go into harms way. I think it’s hippocritical to take such a strong stance against Iran, when Mr. Bush allowed N. Korea to attain nuclear status.

As far as oil prices…it’s painful on the pocketbook. I just wrote an article about it today.

Good post!

By Anonymous on April 10th, 2006 at 10:36 pm

lol, so “Bush will probably be praised” for going to war just to get oil? i guess killing hundreds of thousands of people means nothing, as long as the us gets its oil

By JWU on April 10th, 2006 at 11:26 pm

Well it’s going to be disguised as “fighting the war on terrorism,” but it will basically be for the United States to secure oil supplies for the future.

By Ross on April 16th, 2006 at 6:48 pm

Buy oil Short the transports and the hotel stocks after the US attacks Iran. The US likes attacking on a full
moon FYI.

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