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Monday, April 17, 2006

Three Things About Iran

1) Oil closed above $70 a barrel today. The two most-cited reasons being supply disruptions in Nigeria and diplomatic tension between Western nations and Iran.

2) Iran is the fourth largest (as of 2004, since 2005 numbers haven't been crunched yet) exporter of oil in the world.
3) Iran has been deliberately pronouncing its intentions lately:
        a) Exercises in the Gulf showcasing advanced weaponry - super fast torpedoes and stealth missiles
        b) Development of nuclear program and successful uranium enrichment
        c) Pronouncement of extreme hatred of Israel and warning of the nation's impending annihilation
Which has led to increased fears regarding Iran in the West and subsequent increases in world oil prices.

Who's profiting from global fears? Is Iran practicing a sort of economic terrorism? Is oil our Kryptonite?


2 Comments:

  • At 8:41 PM, Anonymous Anonymous said…

    So you're saying the key to killing superman is oil?

    chrissy.

     
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