The Oil Drum | An unsteady start to the year

23 comments on An unsteady start to the year

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tom deplume on January 16, 2006 - 2:26pm

Might Iran flex its muscle by simply cutting production. A reduction of 50% would send world prices skyward driving the West into recession but having only a small impact on Iranian oil income.

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LevinK on January 16, 2006 - 2:48pm

My guess is that they are afraid that it would give a reason for all Western countries to support military actions against them. The interest of Iran is not to be seen as the source of instability and to leave US isiolated in their game to control ME oil.

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Jack on January 18, 2006 - 4:33am

See my comment above. Oil can not be targeted at the West.

Even a partial embargo would hurt Asian exporters and poor African countries before it hurt the US.

Given the US strategic reserve and domestic oil, the US could limp forward long after other countries, say South Korea (and I think China) had crashed and burned.

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23 comments on An unsteady start to the year

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