Iran warns of oil price hikes

[cal04]

IRAN warned major oil-consuming nations today that the imposition of UN sanctions over its refusal to halt uranium enrichment would lead to a rise in oil prices, Iranian news agencies reported.

"Sanctions on Iran and a sudden rise in global oil prices would hurt the economies of the large oil consuming nations," Deputy Foreign Minister Ali Reza Sheikh-Attar was quoted as saying.

"With the rise of every dollar in the oil price, the economy of the large oil-consuming nations will be affected," he added, without elaborating.

"We have devised different scenarios for the sanctions, and based on the opposite party's action we will implement our plans," he added.

http://www.theaustralian.news.com.au/story/0,20867,20344690-1702,00.html

[Trajan]

1. And The Bush Oil Cabal ....

rubs it's hands with glee ....

"EVERYTHING workin out just like we want ...."

[Ezlivin]

2. Bring it on

We won't stop buying oil until it's all gone.

That's what it means to be an addict, see. An addict is addicted.

(Apologies for lapsing into Bush-speak.)