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Re: Gasoline Prices 

By: Beldin in 6TH POPE | Recommend this post (1)
Wed, 18 Oct 23 5:13 PM | 27 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 46799 of 58641
(This msg. is a reply to 46798 by Decomposed)
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He won't do it because: (a) he's simply too stupid, and (b) he's too beholden to the radical greenies ... but, recent events should have already thoroughly convinced Brandon to completely remove all of the shackles he's placed on the American Oil & Gas Industry. Any halfwit would have known better than to hobble our oil & gas producers in the first place, but he needs to reverse his braindead course immediately if he's going to give them time to ramp back up and put us in a stronger position to compete on the world's stage. 




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The above is a reply to the following message:
Re: Gasoline Prices
By: Decomposed in 6TH POPE
Wed, 18 Oct 23 2:51 PM 		Msg. 46798 of 58641

Re: “I think it's likely that Arab countries will respond to upcoming actions by western countries by reducing or even halting their oil production.”

(It's happening sooner than expected. We'll know shortly whether other oil-exporting countries want to follow Iran's lead. I'm certain that Egypt will. - De)


October 18, 2023

Oil Surges After Iran Calls For Oil Embargo Against Israel

by Tyler Durden
ZeroHedge.com

Oil prices spiked on Wednesday morning after Iran called for an oil embargo against Israel over its air strikes on Gaza. Iranian Foreign Minister Hossein Amirabdollahian said there should be an “an immediate and complete embargo on the Zionist regime by Islamic countries, an oil embargo against the regime,” Bloomberg reported citing a ministry statement on Telegram. He also urged Muslim countries to expel Israeli ambassadors.

Amirabdollahian made the comments in Saudi Arabia at a summit of the Organisation of Islamic Cooperation, called to discuss the Israel-Hamas war. The comments came as US President Joe Biden arrived in Tel Aviv in a bid to calm regional tensions and support Israel.

Oil traders are increasingly concerned that Israel’s war on Hamas will spread and potentially draw in Iran and its allies such as Hezbollah in Lebanon.

Still, Israel is a small importer. And while other Middle Eastern energy producers, including Saudi Arabia and the United Arab Emirates, have criticized Israel for its strikes on Gaza, they’ve not talked of halting sales to it or any of its allies.

Brent crude extended gains, rising as much as 3.5% following the comments. It traded 2.6% higher at $92.30 a barrel as of 7:15 a.m. ET.


http://www.zerohedge.com/commodities/oil-surges-after-iran-calls-oil-embargo-against-israel

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