Calls to use oil as weapon in Gaza fight fall flat
news.yahoo.com
 DUBAI, United Arab Emirates – The call to use oil as a weapon against Israel's friends once would have echoed in capitals across the Middle
East. But even as fighting widens in Gaza, threats of an oil embargo by some in Iran and Bahrain are falling flat.
Key Persian Gulf producers like Saudi Arabia and even top officials in the countries behind the boycott calls are keeping quiet, reflecting a focus on
their struggle to deal with the steep plunge in world oil prices.
"An oil embargo is just bad for business," said Serene Gardiner, oil products analyst at Standard Chartered Bank in Dubai.
On Sunday, Iran's official IRNA news agency quoted an Iranian Revolutionary Guard commander as urging Muslim countries to use oil as a weapon to
pressure an end to Israel's offensive in Gaza.
(visit the link for the full news article)
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It looks like they can't use oil as a weapon, unless they are put in a really really dire situation. Attempt to use it as a weapon would be asking to
have their own throats cut out. Even Iran is treading carefully on this issue. They know they are part of this world economy and can't afford to do
something like this, even for the Palestinians. Ain't worth doing it. But then the Palestinians are their brothers and sisters and they should use
oil as a weapon if they are really committed to protecting the Palestinians.
news.yahoo.com
(visit the link for the full news article)
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actually using oil would be good for prices - threats in the ME involving israel and supply problems and the price allways races up
[edit on 6/1/09 by Harlequin]
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