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alstry (35.21)

$1000 Per Barrel Oil?

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November 17, 2009 – Comments (12)

Nov. 18 (Bloomberg) -- Iran’s top general denounced Saudi Arabia’s air strikes against rebels in Yemen as the start of “state terrorism” that may have consequences throughout the Middle East.

The Saudi government must realize the danger of continuing “Wahhabi terrorism,” Iran’s state-run Press TV cited Major General Hassan Firouzabadi as saying in a statement late yesterday in Tehran.

Saudi Arabia two weeks ago began air attacks on Shiite Muslim rebels who seized territory on the 1,500 kilometer (930- mile) border its shares with Yemen. Saudi Arabia said Nov. 8 it regained control of its territory.

Yemen accuses Shiite-led Iran of arming the Houthi rebels, who have been fighting the government in the northwestern province of Saada since 2004. Wahhabism, a strict Sunni Muslim movement, is the dominant form of Islam in Saudi Arabia, the world’s largest oil exporter.

The Yemen conflict is the prelude for regional conflicts to come, Press TV cited Firouzabadi as saying. The war is the result of efforts by the U.S. and U.K. to cause rifts among Muslims around the world, he said.

Iran’s parliament two days ago condemned Saudi involvement in the Yemen conflict.

“How can the Custodian of the Two Holy Mosques bring himself to permit the killing of innocent Muslims?” Press TV cited Parliament Speaker Ali Larijani as saying, referring to Saudi Arabia’s King Abdullah. The kingdom is home to Islam’s holy cities of Medina and Mecca, the birthplace of the prophet Mohammed and the site of the Grand Mosque.

http://www.bloomberg.com/apps/news?pid=20601087&sid=avBekro8T3K4&pos=9

This could get volitile....I believe both Saudi Arabia and Iran have fairly substantial oil reserves.

12 Comments – Post Your Own

#1) On November 17, 2009 at 10:05 PM, topsecret09 (38.26) wrote:

   How about 5,000 an ounce for gold,and 500 an ounce for silver??  National debt Is 95% of GDP,actual unemployment Is probably closer to 20% than 10 %,and Its getting worse. Funny money that the banks are using to Inflate the stock market Is starting to get reined In..... Look out below........

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#2) On November 17, 2009 at 10:17 PM, Starfirenv (< 20) wrote:

War!!!!  Anhilation!!!!!  Extermination!!!!!!!! Zombulation!!!!!!!!!!!!!!!
Prepare if you survive!!!!!!!!!!!!!!!!!! 9.09!!!! 10.11.12!!!!!!!!!!!!!
Blood in the streets!!!!!!! "Marshall Law"!!!!!!! Prepare!!!!!!
You are a poser and a weak one at that.
BOAJ- but of all jokes!!!!!!!!!!!!!!!!!!!
 When you see, you will see!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
When you know, you will know!!!!!!!!!!!!!!!!!!!!!!
When you feel, you will feel!!!!!!!!!!!!!!!!!!!!!!!!!
Chrystal ball isn't working.
Extend and pretend isn"t working.
Sucks being a SAGE, doesn't it al?
SO, what's your new date??? 9.10.11 gives you two more yrs of incessant blather. What say oh Sagestrydomous????
I know, we "stupid fools" lack the mental capacity to see your visions. Blah, Balh, Blah. Hey, wanna play What If???

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#3) On November 17, 2009 at 10:37 PM, topsecret09 (38.26) wrote:

#2) On November 17, 2009 at 10:17 PM, Starfirenv (< 20) wrote:    Thank You for all of your thought provoking analysis,and your generous contributions to all Involved at the Motley Fool. Hope to hear from you In the future, as we navigate the Investing landscape for the betterment and enrichment of all of us that blog on this site.....       TS

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#4) On November 18, 2009 at 8:42 AM, jddubya (61.57) wrote:

"$1000 Per Barrel Oil?"

LOL - bring it.

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#5) On November 18, 2009 at 9:42 AM, kirkydu (93.96) wrote:

http://www.youtube.com/v/yOXyjS9YK7o&rel=0&color1=0x2b405b&color2=0x6b8ab6&feature=player_embedded&fs=1"> name="allowFullScreen" value="true">http://www.youtube.com/v/yOXyjS9YK7o&rel=0&color1=0x2b405b&color2=0x6b8ab6&feature=player_embedded&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="425" height="344">

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#6) On November 18, 2009 at 9:53 AM, kirkydu (93.96) wrote:

http://www.youtube.com/v/yOXyjS9YK7o&hl=en_US&fs=1&"> name="allowFullScreen" value="true">http://www.youtube.com/v/yOXyjS9YK7o&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="560" height="340">

 

 

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#7) On November 18, 2009 at 9:57 AM, jesusfreakinco (29.12) wrote:

kirkydu

Good link.  Thanks.  Us ingorant Americans need to continue to do our research ;)

 

JFC

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#8) On November 18, 2009 at 9:59 AM, kirkydu (93.96) wrote:

mothafukka!!!  Why does part of the code disappear when I do that???

Anyway, here'e the link: http://www.youtube.com/watch?v=yOXyjS9YK7o&feature=player_embedded

If you don't use Stratfor you ain't a user.

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#9) On November 18, 2009 at 11:17 AM, miteycasey (35.21) wrote:

$1000 oil will never happen.

At $600 alternative energies become highly viable causing the demand for oil to decrease and along with decreed demand comes decreased prices.

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#10) On November 18, 2009 at 11:22 AM, jlmjlm77 (99.45) wrote:

How much should natural gas be worth in 2012?

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#11) On November 18, 2009 at 11:29 AM, djkumquat (42.09) wrote:

cool. i own COP and ride a bike.

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#12) On November 18, 2009 at 11:31 AM, miteycasey (35.21) wrote:

I think NG will double between now and then.

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