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Iran Says Oil Could Reach $500 on Dollar
reuters.com — Iran's OPEC governor said world oil prices could reach as high as $500 per barrel in a few years' time if the dollar falls further and political tension worsens, an Iranian weekly said.
MediaSight- 117 diggs
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- Setter, on 07/27/2008, -0/+2"Khatibi [Iran's OPEC governor] also said oil exports from the whole Middle East region would be at risk if the Islamic state came under any military attack over its disputed nuclear programme."
Translation: quit messing with us or we'll make your gasoline even more expensive.
Fortunately, if oil hits $500 a barrel, every gasoline alternative from fuel cells to hamster wheels will be economically viable. - ieee, on 07/27/2008, -0/+2Making gasoline expensive to Americans would help us reduce polluting our environment and get off of a product that is a political liability. Any alternative technology we promote will also be used by other countries in the world. What is Iran going to sell once high oil prices push people off of oil?
- TheMachine1, on 07/27/2008, -0/+2$123 barrel $4.06 for gallon gasoline
http://www.eia.doe.gov/oil_gas/petroleum/data_publ ...
So $500 thats $16.50 for gallon gas.
http://en.wikipedia.org/wiki/Fuel_efficiency
"full-size SUV usually travels 13 mpg (US) (18 L/100 km) city."
Thats $1.27 per mile! I walk 4 mph easily. Thats 4 * 1.27 = $5.08 hour to pay me to walk the same distance for you. - poprocksandsoda, on 07/27/2008, -1/+1Am I alone in thinking ... who gives a crap what this asshat in Iran thinks?
- Shogi, on 07/27/2008, -0/+1Yes, you are.
Moron.
- Shogi, on 07/27/2008, -0/+1Yes, you are.
- Shogi, on 07/27/2008, -0/+1Gee, could now possibly be a good ***** time to get off oil? Hmm? Maybe?
Or does that just make too much sense?
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