Democratic Underground - Halting Iran Nuclear Program Trumps Oil Price - Bodman

Halting Iran Nuclear Program Trumps Oil Price - Bodman [View All]

Strelnikov_

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Tue Aug-08-06 02:37 PM
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Halting Iran Nuclear Program Trumps Oil Price - Bodman

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http://in.today.reuters.com/news/newsArticle.aspx?type=worldNews&storyID=2006-08-08T223504Z_01_NOOTR_RTRJONC_0_India-262840-1.xml&archived=False
Tue Aug 8, 2006

Halting Iran's nuclear ambitions is more important than preventing high crude oil prices, U.S. Energy Secretary Sam Bodman said on Tuesday.

"We are as prepared as we can be" for a disruption of Iranian oil exports, Bodman told reporters. "As important as the price of oil is, (stopping Iranian nuclear enrichment is) more important than the price of oil."

The West's dispute with oil producer Iran over its nuclear program has raised concern of possible disruption of Iranian supplies and that has been compounded by anxiety that a four-week old conflict between Israel and Lebanon could spread. OPEC member Iran is the world's fourth-biggest oil exporter.

Time to lube up.

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Halting Iran Nuclear Program Trumps Oil Price - Bodman [View All]