[IMG]http://rt.com/files/news/20/40/20/00/2oil-syria-price-150.si.jpg[/IMG]
[QUOTE]Oil has jumped to a two-year high and could see Brent spike as high as $150 per barrel as US and western allies move towards a military strike on Syria.
Follow RT’s live updates on Syria here.
Brent October futures are above $115 per barrel and West Texas Intermediate blend (WTI) hit $110 on speculation unrest in Syria will disrupt oil shipments and supplies in the Middle East. For WTI its the highest price since May 2011.
The US and Britain are gearing up in a coordinated military action against Syria, as both confirmed chemical weapons attacks were carried out against civilians, something the Assad government denies.
The US-Syria standoff could send oil prices soaring, and Brent could ‘spike briefly’ to $150 a barrel if the US initiates a military attack on Syria, Societe Generale bank told Bloomberg on Wednesday.
US Defense Secretary Chuck Hagel has given the green light to launch a strike against Syria, and is just waiting for the directive from President Obama.
“The concern is that an attack on Syria will reverberate through the region, increasing the spill over into other countries and possibly resulting in a larger supply disruption elsewhere,” Michael Wittner, the head of oil market research in New York, said in an August 27 report.
Oil-production in Syria is low, but its geographical position poses a threat to disrupt neighboring pipelines and seaways. Turkey, its northern neighbor, is home to 2 major pipelines that transport Iraqi oil to Europe and Central Asia. [/QUOTE]
[url]http://rt.com/business/oil-syria-price-150-098/[/url]
I'm already spending $70 a week on gas so I really don't like the sound of this.
Doesn't most of USA's oil come from canada though?
[QUOTE=Tucan Sam;42025140]Doesn't most of USA's oil come from canada though?[/QUOTE]
That doesn't matter because if oil becomes more expensive in another part of the world, oil distributors will just increase the prices in Canada to match since a barrel of crude is equal to a barrel of crude no matter where you are.
[editline]30th August 2013[/editline]
Just like how a discovery of a massive amount of gold in Argentina would drive down the global price of gold, not just the price of gold in Argentina.
Hint: possibly a good time to invest in oil companies.
[QUOTE=Angus725;42025216]Hint: possibly a good time to invest in oil companies.[/QUOTE]
More like time to invade syria and liberate all that oil....er...people!
Can't you use better sources OP?
[url]http://www.bbc.co.uk/news/business-23879213[/url]
[url]http://articles.economictimes.indiatimes.com/2013-08-28/news/41539014_1_key-oil-producers-oil-production-capacity-oil-market[/url]
[url]http://www.cnbc.com/id/100994315[/url]
[url]http://finance.yahoo.com/news/150-oil-syria-fallout-175916632.html[/url]
[QUOTE=Sobotnik;42025731]Can't you use better sources OP?
[url]http://www.bbc.co.uk/news/business-23879213[/url]
[url]http://articles.economictimes.indiatimes.com/2013-08-28/news/41539014_1_key-oil-producers-oil-production-capacity-oil-market[/url]
[url]http://www.cnbc.com/id/100994315[/url]
[url]http://finance.yahoo.com/news/150-oil-syria-fallout-175916632.html[/url][/QUOTE]
no I cannot
[QUOTE=laserguided;42025762]no I cannot[/QUOTE]
Well you should, because RT is shit.
[QUOTE=Sobotnik;42025790]Well you should, because RT is shit.[/QUOTE]
I do not care.
[QUOTE=laserguided;42025793]I do not care.[/QUOTE]
So you are admitting you don't care if you post a news article from a known dubious source which has been banned on other forums because of its low journalistic standards and being the propaganda wing of the Russian state?
an important bit of information from CNBC
[quote]Wittner, in an interview, said the $150 spike is not his base case, and he gives it about a 20 percent chance. He expects Brent to move to $120 to $125 on the military intervention. [/quote]
This will be unlikely if the U.N findings aren't in Assad's favor
Just to be clear on the Matter, this isn't about the oil coming from Syria but from Iraq, the prices would go up because some kind of economic sanction.
[QUOTE=Blanketspace;42025130]I'm already spending $70 a week on gas so I really don't like the sound of this.[/QUOTE]
Holy fucking shit, I have never seen a better example of a literal first world problem. Its bad and all but really in the grand scheme of things its not that important.
(Also people in the UK spend a lot more than that etc)
[QUOTE=Jsm;42026012]Holy fucking shit, I have never seen a better example of a literal first world problem. Its bad and all but really in the grand scheme of things its not that important.
(Also people in the UK spend a lot more than that etc)[/QUOTE]
just because there's always someone worse off than you doesn't mean you have zero right to complain
jesus christ I hate that fucking logic
[QUOTE=Jsm;42026012]Holy fucking shit, I have never seen a better example of a literal first world problem. Its bad and all but really in the grand scheme of things its not that important.
(Also people in the UK spend a lot more than that etc)[/QUOTE]
Hey! No complaining about people complaining about their problems! Did you know that there are people in this world that are [I]starving[/I]?
[QUOTE=Jsm;42026012]Holy fucking shit, I have never seen a better example of a literal first world problem. Its bad and all but really in the grand scheme of things its not that important.
(Also people in the UK spend a lot more than that etc)[/QUOTE]
I don't think that complaining that simply getting to my job costs me 1/3rd of my paycheck is a 1st world problem. Anyone in any situation would be frustrated with that.
[QUOTE=Sobotnik;42025868]So you are admitting you don't care if you post a news article from a known dubious source which has been banned on other forums because of its low journalistic standards and being the propaganda wing of the Russian state?[/QUOTE]
yeah
[QUOTE=Unisath;42026037]just because there's always someone worse off than you doesn't mean you have zero right to complain
jesus christ I hate that fucking logic[/QUOTE]
[QUOTE=supersnail11;42026060]Hey! No complaining about people complaining about their problems! Did you know that there are people in this world that are [I]starving[/I]?[/QUOTE]
But in this case the issue is being caused directly by peoples suffering. This isn't like the stupid shit like "That money could be spent on better things!11", I understand and accept that people can complain but really it shouldn't be the first thing that comes to peoples mind.
[editline]31st August 2013[/editline]
[QUOTE=Blanketspace;42026096]I don't think that complaining that simply getting to my job costs me 1/3rd of my paycheck is a 1st world problem. Anyone in any situation would be frustrated with that.[/QUOTE]
I think the fact that you commute by car probably makes it a first world problem. I get where you are coming from, but it is worse off for other people.
[QUOTE=laserguided;42026108]yeah[/QUOTE]
Doesn't it concern you that you are effectively posting incredibly biased information (some of which is untrue or omitted) and doing nothing but foster ignorance and low standards of news and journalistic practice?
In other words intentionally posting shit.
[QUOTE=Sobotnik;42026157]Doesn't it concern you that you are effectively posting incredibly biased information (some of which is untrue or omitted) and doing nothing but foster ignorance and low standards of news and journalistic practice?
In other words intentionally posting shit.[/QUOTE]
Of course it doesn't; this is Chernarus we're talking about here.
[QUOTE=LunchboxOfDoom;42026210]Of course it doesn't; this is Chernarus we're talking about here.[/QUOTE]
Oh is that who laserguided is. I thought it was but I wasn't 100% sure.
why the fuck would you read russia today in the first place, much less use it as a source
[QUOTE=Bumgall;42026242]why the fuck would you read russia today in the first place, much less use it as a source[/QUOTE]
[IMG]http://i.imgur.com/sodlQZl.png[/IMG]
[editline]31st August 2013[/editline]
[QUOTE=LunchboxOfDoom;42026210]Of course it doesn't; this is Chernarus we're talking about here.[/QUOTE]
relevant:
[media]http://www.youtube.com/watch?v=It2l8CM32iY[/media]
[QUOTE=Bumgall;42026242]why the fuck would you read russia today in the first place, much less use it as a source[/QUOTE]
At first glance it looks to be about on the same level as CNN in terms of quality tbh.
[media]http://www.youtube.com/watch?v=SsI8I9PvT4E[/media]
[QUOTE=zombojoe;42026604]At first glance it looks to be about on the same level as CNN in terms of quality tbh.
[media]http://www.youtube.com/watch?v=SsI8I9PvT4E[/media][/QUOTE]
At second glance this perception changes.
[media]http://www.youtube.com/watch?v=CUmGvyUIU_E[/media]
why...
its not like syria has been exporting oil in the last 2 years anyway.....
[QUOTE=Sableye;42026634]why...
its not like syria has been exporting oil in the last 2 years anyway.....[/QUOTE]
Turkey to the north and Saudi Arabia to the south, then Iraq to the west.
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