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Next Move By Saudi ?

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posted on Jun, 1 2012 @ 01:29 PM
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Saudi Arabia and its Sunni allies may right now be boosting oil production, aiming to plunge the market price to as low as US$60 per barrel. The ultimate goal is to cripple the economies of Shiite Iran and Iraq, an insider view suggests.

I am not sure about who the 'insider' is to present the view as it is coming from RT.
RT_Link


edit on 1-6-2012 by hp1229 because: (no reason given)

edit on 1-6-2012 by hp1229 because: edit content

edit on 1-6-2012 by hp1229 because: format




posted on Jun, 1 2012 @ 01:47 PM
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reply to post by hp1229
 


Gas here where I'm at went from $3.95 to $3.49 in just the last week.
Saudi Arabia is a huge enemy to Iran. They would do anything to bring them down.
Remember that it was the saudi diplomat that was the "target" of the fake Iranian plot. (failed false flag)

The Saudi's are almost more vocal than Israel sometimes in their hate of Iran when they can't hold their tongue.

This has a high probability of being true.


The US economy could use a boost. This is an attack on Iran I can support.

edit on 6/1/2012 by Dustytoad because: (no reason given)



posted on Jun, 1 2012 @ 02:04 PM
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reply to post by Dustytoad
 

I agree we can use a break in the gas price. Its about the same where I'm at as well.

This is definitely a planned move in addition to sanctions. First reduce the income by sanctions, then reduce the price of the commodity on the remainder of the income.



posted on Jun, 1 2012 @ 02:10 PM
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reply to post by hp1229
 


Yes and it's pushing back my prediction on when the war will start.
Have to give them at least 4 months to get poor, and start running low on refined gasoline before we go in.
This is all getting so real.



posted on Jun, 1 2012 @ 02:10 PM
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reply to post by Dustytoad
 


Yeah. But you know what? We have powerful interests in this country that will tell our politicians to stop them. The last thing they want is cheap oil.



posted on Jun, 1 2012 @ 02:16 PM
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Had a discussion with a coworker and we were looking at oil, Iran, Saudi, Isreal (strike), dollar value in oil trading etc....and came to a similar, albiet different conclusion.

Oil has gone from about 110 a barrel to around 90 in the last few weeks. If the above is true and it drops to 60.00 a barrel your looking at gas going to around or just under 2.00 a gallon (assuming the US dollar is still be used as the primary oil trading currency). This would help Obama in his relection (if it's back up it will hurt him). Easy to put some pressure on the Saud family to help us out. They get the added pleasure of hurting their #e neighbors. They aren't big on Iraq and can't stand Iran, and certainly don't want a nuclear Iran. And $60.00 a barrel gas will not only hurt Iran economy but set up another possible situation. It makes an Israel or Western Strike on Iran much more likely. And with the IAEA report that Iran has some uranium refined over 20% (not high enough for a bomb yet, but too high for anything else), there will be more pressure for a strike.

IF there is an Israeli strike on Iran your looking at LEAST at a 20% increase in futures costs because of a threat of the strait of Hormuz becoming a missile free fire zone. Loylds of London won't likely insure the US tankers and if they do that will jump the cost even more.. Back during the "tanker war of 80-88" the tankers were reflagged under the US. Iran/Iraq didn't want to risk war with the US (and the ships were being protected by the US Navy). Reflagging won't work this time, because the US will, if not directly involved, will either be indirectly involved or PRECEIVED as being involved by Iran. They will shoot at any tanker going through there. Oil will jump.

BUT, if the price is down between $60.00 and $90.00, a 20% jump in price will only put it up to around $110, where it's been for almost a year, and the US/Western economies can (barely) still take it.

So the if the Saudi's drop it to $60.00 they can hurt Iran in more ways then one, and helpt he US, which is still their big customer for oil.



posted on Jun, 1 2012 @ 02:21 PM
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Originally posted by Aliensun
reply to post by Dustytoad
 


Yeah. But you know what? We have powerful interests in this country that will tell our politicians to stop them. The last thing they want is cheap oil.

That should be easy
Once it starts, blame it on the war (hormuz) to jack up the price back to where it was
or even higher...



posted on Jun, 1 2012 @ 02:24 PM
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this thread brings up something very interesting...we NEVER hear about the Saudis in the media or anywhere really.
until this thread now, it's been a long time since they've been mentioned besides 9/11 threads.

they must have everyone bought and paid off to maintain silence on their human rights violations



posted on Jun, 1 2012 @ 02:51 PM
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Originally posted by yourmaker
this thread brings up something very interesting...we NEVER hear about the Saudis in the media or anywhere really.
until this thread now, it's been a long time since they've been mentioned besides 9/11 threads.

they must have everyone bought and paid off to maintain silence on their human rights violations


Like the Teflon president,a Teflon country.



posted on Jun, 1 2012 @ 03:28 PM
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Originally posted by yourmaker
this thread brings up something very interesting...we NEVER hear about the Saudis in the media or anywhere really.
until this thread now, it's been a long time since they've been mentioned besides 9/11 threads.

they must have everyone bought and paid off to maintain silence on their human rights violations

Or possibly part of the plan to bring them into the picture downstream?

After all its the 'Great Chess Game'



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