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January 19, 2006
Well, Look at This
Shortly after I posted my analysis of Iran I found this.
"In case of sanctions, other countries will suffer as well as Iran," Oil Minister Davoud Danesh-Jafari said, according to the official news agency, IRNA.
"One of the consequences will be the unleashing of a crisis in the oil sector and particularly a price hike."
Iran, the number two oil exporter in OPEC with oil revenue last year of 42 billion dollars, risks being referred to the United Nations Security Council over what the West suspects is a covert nuclear weapons drive.
I sure am glad that Bush/Cheney announced an all out research and development program for alternative fuels, U.S. energy independence, and gas and oil conservation. Because of their program, we will be able to ignore economic blackmail and prevent them from pursuing their nuclear program and blowing up Israel.....:-)
Posted by Chip Spear at January 19, 2006 4:19 PM
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