mastic55: True, the thing that bothers me is they just raise the barrels because they want to, not because they have to.
Mastic very true but I think they do that because our president walk around like he is a bully and they want to hurt us because they know how dependent we are on oil
bootsinallNorth Shore, Auckland New Zealand5 Posts
bootsinallNorth Shore, Auckland New Zealand5 posts
how do you know its not because they have to? The way I see it everything is costing more and more it dosent stop us though we just keep consuming. It is not our fault it is just the way it is
desmond: Mastic very true but I think they do that because our president walk around like he is a bully and they want to hurt us because they know how dependent we are on oil
bootsinall: how do you know its not because they have to? The way I see it everything is costing more and more it dosent stop us though we just keep consuming. It is not our fault it is just the way it is
One of out hired ships fired on Iran's ship and the top man said he was going to raise the price because he can.
WASHINGTON (Reuters) - A cargo ship hired by the U.S. military fired warning shots at approaching boats in the Gulf, the U.S. Navy said on Friday, underscoring tension in the region as the Pentagon sharpened its warnings to Iran.
According to American defense officials, the Westward Venture cargo ship chartered by the U.S. Defense Department was traveling in international waters when two unidentified small boats approached on Thursday.
After the boats failed to respond to radio queries and a warning flare, the cargo ship's security team fired "a few bursts" of machine gun and rifle warning shots, according to Cmdr. Lydia Robertson, a spokeswoman for the U.S. Navy's Bahrain-based Fifth Fleet.
"The small boats left the area a short time later," she said by telephone. "They were able to avoid a serious incident by following the procedures that we use."
The news helped push oil prices up more than $3 to $119.50 a barrel -- within striking distance of the record $119.90 hit earlier this week -- as traders worried escalating tensions in the region could eventually disrupt crude shipments.
U.S. defense officials, speaking only on condition of anonymity, first said they suspected the boats were Iranian.
But a Fifth Fleet spokeswoman quickly backed away from that charge.
"We cannot speculate on who they are. We just don't know. We have no proof of who they were," said Lt. Stephanie Murdoch, another spokeswoman for the Fifth Fleet.
In Tehran, an Iranian navy source denied that any confrontation had occurred with a U.S. ship in the Gulf. But the source, quoted by a journalist for Iran's state-owned Arabic Al-Alam TV channel, said any shooting that may have occurred could have targeted a non-Iranian vessel.
SIMMERING TENSION
Relations between Washington and Tehran are tense over Iran's nuclear program and who is to blame for ongoing violence in Iraq. Hostile rhetoric and close encounters in the Gulf have fueled speculation that the United States may be planning some sort of military action against Tehran.
U.S. charges of Iranian involvement in threats against its ships have also contributed to the tension.
In January, for example, the United States said five small Iranian speed boats aggressively approached three U.S. Navy ships in the Strait of Hormuz, a critical crude oil shipping route. During the confrontation, a radio message was received warning the U.S. ships they could explode within minutes.
But Iran said its boats were simply trying to identify the U.S. vessels and maritime experts said the threatening message may have come not from the Iranian boats but from a radio heckler known as "the Filipino monkey."
In March, another U.S. military-chartered ship preparing to cross the Suez Canal fired warning shots at a small boat, killing an Egyptian on board.
The latest incident came as America's top military officer charged Iran with increasing support for Iraqi militias and warned that the United States had military options to force Tehran to stop.
"When I say I don't want to take any military options off the table, that certainly more than implies that we have military options," said Adm. Michael Mullen, chairman of the U.S. Joint Chiefs of Staff. "That kind of planning activity has been going on for a long time. I think it will go on for some time into the future," he told reporters
While U.S. officials repeatedly deny plans to strike Iran, they have not closed the door completely on military action.
"Another war in the Middle East is the last thing we need and, in fact, I believe it would be disastrous on a number of levels," Defense Secretary Robert Gates said this week.
"But the military option must be kept on the table given the destabilizing policies of the regime and the risks inherent in a future Iranian nuclear threat -- either directly or through proliferation."
(Additional reporting by Andrew Gray in Washington and Mohammed Abbas in Manama, Editing by Chr
There is NO shortage of oil! The easy access to oil may be dwindling but there's still lots of it in the ground. Enough for our lifetimes and a few more after us. The matter is simply greed, and there's no slowing that down. You want to drive? You have to pay! Until WE as a population, around the world, realise that there is something WE can do about it, there will be no change. The oil companies don't care if you're starving, if you can't afford daycare, if you're not able to meet your bills. All they want is the dollars you spend on their precious commodity! Who was the one that gave it to them?
VOTE!!! it's the one thing you can do as a person that makes a difference!!!!!
Relations between Washington and Tehran are tense over Iran's nuclear program and who is to blame for ongoing violence in Iraq. Hostile rhetoric and close encounters in the Gulf have fueled speculation that the United States may be planning some sort of military action against Tehran.
U.S. charges of Iranian involvement in threats against its ships have also contributed to the tension.
(Additional reporting by Andrew Gray in Washington and Mohammed Abbas in Manama, Editing by Chr
Given all what we all know about how the incident in the Gulf of Ton kin and how it was all faked this sounds like the runner-up sequel...all in the name of 'promoting democracy' of course as was To kin and the Vietnam war...haven't we heard this song before...
Sometimes I wonder if the news media isn't acting like an enabler by constantly reporting this or that "expert" says that crude oil will hit $200.00 a barrel by the end of the year. It becomes a "self fulfilling prophecy". If everybody is brainwashed into expecting crude to hit 200 bucks, than it surely will! There are 2 things that happened recently that make me think that crude oil will stop going up within the next month and will actually go back down.
1, The last crude oil inventory report showed a build in inventory for the 3rd time in a row thus: Apr 16, (2356K) barrels Apr 23, 2421K barrels Apr 30, 3848K barrels May 07, 5654K barrels
This proves beyond doubt that people are cutting back on consumption probably due to cost and at some point supply and demand will trump even the most aggressive futures trader who's driving up the price of oil by pure speculation. Hell is coming to the NYMEX and a lot of these speculators will get crushed.
2, Truck sales have declined for the 3rd straight month thus: Mar 01, 6.6M sales Apr 01, 6.2M sales May 01, 5.6M sales
This would indicate that people aren't buying pickup trucks and SUV's like they have in the past. Further proof of this is the fact that GM is closing several truck plants and laying off about 3500 workers.
In the end everything will come back into balance. It always has, and it always will! There's a saying on Wall st "Nothing goes up forever and nothing goes down forever." Keep up the good work of conserving fuel and the correction will come sooner rather than later.
Oh, one more thing, when we finally flush the toilet which contains this current administration, we can start the process of ending this stupid war in Iraq and the dollar will stop bleeding. Then you will see the price of oil sink like a set of car keys. I only hope we've learned that the love affair with big gas gussling vehicles was like a bad marriage.
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