Approve Keystone - no more blackmail

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    Dec 28, 2011 5:21 PM GMT
    http://www.huffingtonpost.com/2011/12/28/iran-strait-of-hormuz_n_1172321.html

    Iran: Strait Of Hormuz, Key Oil Supply Route, Easily Closed

    Iran's Navy Commander Admiral Habibollah Sayari points at a map during a press conference in Tehran on December 22, 2010, as saying that Iran will launch 10 days of naval drills from December 24, covering east of Strait of Hormuz and the Gulf of Oman to the Gulf of Aden. (Hamed Jafarnejad/AFP/Getty Images)
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    TEHRAN, Iran — Iran's navy chief warned Wednesday that his country can easily close the strategic Strait of Hormuz at the mouth of the Persian Gulf, the passageway through which a sixth of the world's oil flows.

    It was the second such warning in two days. On Tuesday, Vice President Mohamed Reza Rahimi threatened to close the strait, cutting off oil exports, if the West imposes sanctions on Iran's oil shipments.

    In response, the Bahrain-based U.S. 5th Fleet's spokeswoman warned that any disruption "will not be tolerated." The spokeswoman, Lt. Rebecca Rebarich, said the U.S. Navy is "always ready to counter malevolent actions to ensure freedom of navigation."

    With concern growing over a possible drop-off in Iranian oil supplies, a senior Saudi oil official said Gulf Arab nations are ready to offset any loss of Iranian crude.

    That reassurance led to a drop in world oil prices. In New York, benchmark crude fell 77 cents to $100.57 a barrel in morning trading. Brent crude fell 82 cents to $108.45 a barrel in London.

    "Closing the Strait of Hormuz is very easy for Iranian naval forces," Adm. Habibollah Sayyari told state-run Press TV. "Iran has comprehensive control over the strategic waterway," the navy chief said.

    The threats underline Iranian concern that the West is about to impose new sanctions that could target Tehran's vital oil industry and exports.

    Western nations are growing increasingly impatient with Iran over its nuclear program. The U.S. and its allies have accused Iran of using its civilian nuclear program as a cover to develop nuclear weapons. Iran has denied the charges, saying its program is geared toward generating electricity and producing medical radioisotopes to treat cancer patients.

    The U.S. Congress has passed a bill banning dealings with the Iran Central Bank, and President Barack Obama has said he will sign it despite his misgivings. Critics warn it could impose hardships on U.S. allies and drive up oil prices.

    The bill could impose penalties on foreign firms that do business with Iran's central bank. European and Asian nations import Iranian oil and use its central bank for the transactions.

    Iran is the world's fourth-largest oil producer, with an output of about 4 million barrels of oil a day. It relies on oil exports for about 80 percent of its public revenues.

    Iran has adopted an aggressive military posture in recent months in response to increasing threats from the U.S. and Israel that they may take military action to stop Iran's nuclear program.

    The navy is in the midst of a 10-day drill in international waters near the strategic oil route. The exercises began Saturday and involve submarines, missile drills, torpedoes and drones. The war games cover a 1,250-mile (2,000-kilometer) stretch of sea off the Strait of Hormuz, northern parts of the Indian Ocean and into the Gulf of Aden near the entrance to the Red Sea as a show of strength and could bring Iranian ships into proximity with U.S. Navy vessels in the area.

    Iranian media are describing how Iran could move to close the strait, saying the country would use a combination of warships, submarines, speed boats, anti-ship cruise missiles, torpedoes, surface-to-sea missiles and drones to stop ships from sailing through the narrow waterway.

    Iran's navy claims it has sonar-evading submarines designed for shallow waters of the Persian Gulf, enabling it to hit passing enemy vessels.

    A closure of the strait could temporarily cut off some oil supplies and force shippers to take longer, more expensive routes that would drive oil prices higher. It also potentially opens the door for a military confrontation that would further rattle global oil markets.

    Iran claimed a victory this month when it captured an American surveillance drone almost intact. It went public with its possession of the RQ-170 Sentinel to trumpet the downing as a feat of Iran's military in a complicated technological and intelligence battle with the U.S.

    American officials have said that U.S. intelligence assessments indicate the drone malfunctioned.



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    Dec 28, 2011 5:49 PM GMT
    Keystone, eh? Well, the oil goes to the highest bidder in good 'ol capitalist style free enterprise. Asia is hungry for it and China has invested interests in its production in Alberta.
    Kinder Morgan, a US firm, is eager to sell it to Asia as well, as they have a pipeline built and ready to transport said oil.

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    Dec 28, 2011 5:54 PM GMT
    meninlove said Keystone, eh? Well, the oil goes to the highest bidder in good 'ol capitalist style free enterprise. Asia is hungry for it and China has invested interests in its production in Alberta.
    Kinder Morgan, a US firm, is eager to sell it to Asia as well, as they have a pipeline built and ready to transport said oil.

    Perhaps if the US is "lucky" enough to get the pipeline, lower transportation costs might put us in an advantageous position.
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    Dec 28, 2011 6:02 PM GMT
    socalfitness said
    meninlove said Keystone, eh? Well, the oil goes to the highest bidder in good 'ol capitalist style free enterprise. Asia is hungry for it and China has invested interests in its production in Alberta.
    Kinder Morgan, a US firm, is eager to sell it to Asia as well, as they have a pipeline built and ready to transport said oil.

    Perhaps if the US is "lucky" enough to get the pipeline, lower transportation costs might put us in an advantageous position.


    If our money is going to go outside the USA, which it currently is, I'd much prefer Canada over Iran or UAE, etc.
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    Dec 28, 2011 6:07 PM GMT

    The buyer pays for transportation. This is why Kinder Morgan, that venerable US firm, is excitedly chomping at the bit. It appears US companies up here would rather sell it to the highest bidder.

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    Dec 28, 2011 6:14 PM GMT
    meninlove said
    The buyer pays for transportation. This is why Kinder Morgan, that venerable US firm, is excitedly chomping at the bit. It appears US companies up here would rather sell it to the highest bidder.



    And greatly increased supply would do what to the price? Plus make us less vulnerable to OPEC blackmail. I’d prefer Keystone and developing the abundant resources we have right here in the United States.
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    Dec 29, 2011 1:04 AM GMT
    freedomisntfree Topic is about Keystone, but you bring up Iran as an example of blackmailing when they are protecting their interests from US interference. Iran threatening to retaliate if we interfere in their business is not Blackmail





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    You two often promote the NEO CON Wars brought to us by the Bush Administration that increased the cost of oil and our gasoline, you've been promoting the Republican Candidates who are supportive of the NEO CON plans for another war with Iran. and now your Complaining of Blackmail from Iran in the Middle East. That's Bullshit !!!

    So if you two support these NEO CON wars for status quo control of Middle East Oil BE CONSISTENT and Go WHOLE HOG !!! You two have to choose, either we stop the interference in the Middle East for their oil, stop all the wasted money on the military which supports that interference for the Status Quo, then come home and develop our own energy from multiple sources. or we go with the Status Quo NEO CON plans of gaining control of Oil in the Middle East through Wars and take the consequences of our energy costs going through the roof and hurting the entire worlds economy when Iran retaliates.


    Geez --Freedom and SoCal, what's up with you two ??


    You two really disappoint me in promoting spending money at home for energy rather than following more closely to the NEO CON script of going for more control of Middle East Oil through another war misadventure, this time with Iran. I mean why quit now, why in hell start investing near home and leave the Middle East Control of oil war games half done? Why in the hell would you back off because of Irans threats? ("Blackmail " you call it ) Keep on chasing around for control of Middle East oil and complete the Circle of dreams, BOMB BOMB BOMB IRAN as McCain said !!! Control that oil !!! we can always invest in resources here at home after finishing up with the Middle East Oil control war games

    LOL !!!. So which way do you want it? Control of oil resources through NEO CON WARS or mind our own business and develop new and improved energy resources here at home ? If you and others keep blindly supporting the NEO CON OIL Wars then the worlds energy situation could colapse and destroy the worlds economies.
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    Dec 29, 2011 5:37 AM GMT
    What the....?
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    Dec 29, 2011 6:08 AM GMT
    freedomisntfree said
    meninlove said
    The buyer pays for transportation. This is why Kinder Morgan, that venerable US firm, is excitedly chomping at the bit. It appears US companies up here would rather sell it to the highest bidder.



    And greatly increased supply would do what to the price? Plus make us less vulnerable to OPEC blackmail. I’d prefer Keystone and developing the abundant resources we have right here in the United States.






    Maybe you can understand my point better below:






    If your for "making us less vulnerable to OPEC blackmail" and "developing the abundant resources we have right here in the United States" Why the hell are were you so supportive of the Iraq war and now supporting republican Candidates who are promoting war with Iran, which is nothing but NEO CON plans to control Middle East Oil. "for our oil interests" ( per Wolfowitcz another NEO CON you support). All that money on the war in Iraq and now preparing for more war with Iran should be spent at home working on several energy fronts for more independence from Middle East oil, rather than more resource wars to promote the status quo. .


    Which way do you want it Freedom and SoCal, do you want to spend our money on preserving the status quo by continuing the NEO CONS way of controling the middle east for our Oil interests through war, or stop wasting military money on resourse wars and spend it right here at home producing our own energy? Such as renewable resources (green energy) better use of Natural Gas for transportation purposes rather than depending on gas from oil. There's many things we can do here at home if our resources arene't being used on wars in the middle east.