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Sunday, January 22, 2006

Iran- Sanctions and Crude Oil at >$100.00 per Barrel

This morning... I was reading through different news sources on Iran. Boy... There are a lot of worries these days about what happens if Iran is sanctioned by the World Community and Iran decides to shut off its oil supply or even worse... Like deciding to choke off the Strait of Hormuz, the narrow entrance to the Persian Gulf where ships transport around 15 million barrels of oil a day.

Many say that if any of this should happen... oil prices could reach or exceed $100.00 per barrel...

Now one thing I have not seen, in any of the MSM, is just how much Regular Unleaded Gas would cost per gallon if oil was to ever reach that $100.00 per barrel mark.

I know we all remember last August, after Hurricane Katrina, when gas at the pumps was over $3.00 a gallon in most parts of the country and oil had reach its record of $70.85 per barrel... Slowed down on that driving didn’t we??? Got all worried about the economy... our jobs and future...

Now what we going to do if/when those gas prices hit near that $4.00 a gallon mark??? I’m no expert but I do think that would likely be the going price of gas with oil at $100.00 per barrel......

All I can say is this... Just remember that ‘Bush DIDN’T do it’ as many from the left will start to cry... And remember that this country is at War and that 2006 might just get a little ugly for all of us...
AubreyJ.........

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