<Outlook for 2006The Oil DrumThe Iranian Oil Weapon>

23 comments on An unsteady start to the year

Comments can no longer be added to this story.

Jack on January 18, 2006 - 3:26am Permalink | Subthread | Parent | Comments top
I agree with this point almost entirely. However, it is important to consider that there are more players involved than the US, the West, and Iran. Neither can they derive any immunity. An Iran oil embargo - regardless of who initiates it - will hurt most, if not all, of the world's economies.

I do maintain that the US is in a better position than Asian exporters including China, Korea, Thailand, and the Philippines. My point is not that the US is right or would come out of this in good shape. It is that the oil weapon is blunt and doesn't always hit who it is aimed at - again this applies whoever initiates a stoppage of oil exports.

0
Comments can no longer be added to this story.
Oil CEO on January 18, 2006 - 6:16am Permalink | Subthread | Parent | Comments top
Excellent point.
0
Comments can no longer be added to this story.