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alstry (35.17)

$200 OIL?

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March 12, 2008 – Comments (2)

YESTERDAY:

By ROBERT BURNS, AP Military Writer Tue Mar 11, 7:26 PM ET

WASHINGTON - The Navy admiral in charge of the wars in Iraq and Afghanistan announced Tuesday that he is resigning over press reports portraying him as opposed to President Bush's Iran policy.

Adm. William J. Fallon, one of the most experienced officers in the U.S. military, said the reports were wrong but had become a distraction hampering his efforts in the Middle East. Fallon's area of responsibility includes Iran and stretches from Central Asia across the Middle East to the Horn of Africa.

http://news.yahoo.com/s/ap/20080311/ap_on_go_ca_st_pe/fallon_resigns

 

TODAY:

U.S. Puts Sanctions on Bahrain Bank

The Bush administration is imposing financial sanctions on a Bahrain bank the U.S. alleges is controlled by Iran's Bank Melli, which has been accused of providing support to Tehran's nuclear program.

 

OK-so we attach their bank account, they cut off oil.   $200 per barrel Oil might be a low estimate. Not only that, our banks may go broke before the above is really effective.  Who is John Galt?

2 Comments – Post Your Own

#1) On March 12, 2008 at 6:39 PM, alstry (35.17) wrote:

A least we have a lot of money to finance a war:

Deficit Hit Record in FebruaryBy JEFF BATER
March 12, 2008 4:51 p.m.

WASHINGTON -- The U.S. federal government ran a monthly budget deficit of $175.56 billion in February, a record for any month, the Treasury Department said Wednesday.

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#2) On March 12, 2008 at 11:03 PM, thisthatother47 (88.84) wrote:

Spring driving season doesn't start for 2 months. Been 2 years without a hurricane (which can't last forever with these el nino patterns). Top it off with speculators not trusting any other market than commodities, and the prices are a rising...

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