Business

Warnings: If History Repeats Itself, the Price of Oil Could Reach $440 a Barrel

Warnings: If History Repeats Itself, the Price of Oil Could Reach $440 a BarrelBob Bandos, president and CEO of GAC North America, a marine logistics and service company headquartered in Dubai, fears that the tension between Iran and the West will lead to an exponential increase in the price of oil.

Many Blaze readers are aware of the details: several Western countries have threatened to sanction Iran if it refuses to abandon its nuclear energy program. In return, Iran has threatened to close the Strait of Hormuz – an artery vital to international oil trade.

“The oil is not just from Iran but also from oil-rich producers Saudi Arabia, Kuwait, Qatar and the United Arab Emirates that feed energy-hungry consumers,” writes Pierre Bertrand of International Business Times. “Daily, 14 supertankers sail through the strait. The largest can carry more than 320,000 tons of cargo.”

It’s not because Iran is threatening to deprive some eurozone countries of oil that several U.S. economists are worried. It’s because closing the strait would effectively cut off 40 percent of all U.S. crude imports. Obviously, this would be extraordinary dangerous for the already-fragile U.S. economy.

How dangerous?

Bandos believes that if the Strait were choked off, the effect would be similar to the fuel shortages of the 1970s – but much worse.

“That would be nothing compared to this,” Bandos said, who added that the shortage would be felt on a global level.

“During the 1973 Yom Kippur War between Israel, Egypt and Syria, Arab oil exporters declared an embargo from October 1973 that lasted until April 1974,” Bertrand explains, “World oil prices shot up from $3.40 a barrel to $12. Overall, the world shut off 7 percent of daily production…by contrast, oil has been selling for about $109 a barrel.”

Now keep in mind the Iranians have threatened to close the strait for at least a month, claiming it will sink anything traveling through the area with its missile defense system.

Warnings: If History Repeats Itself, the Price of Oil Could Reach $440 a BarrelMahmoud Ahmadinejad approving of Iran’s first nuclear-powered whiskey still

“If that were the case, you’re talking about millions and millions of barrels of oil that will not get out,” Bandos said. “It’s going to create more havoc on oil.”

Many analysts believe that a closure would mean devastation for the global economy because oil shortages will hit countries “where they are most vulnerable.”

Considering how the markets have reacted recently to even the slightest provocation, Bandos‘ warnings doesn’t sound that far-fetched.

“To prove a point, Iran in January held war games in the strait,” Bertrand notes, “The mere rumor of a temporary closure sent crude oil prices soaring to more than $112 a barrel. Crude oil prices have since dropped, but fed by fears of war,” oil prices are creeping back up.

“Iran has a lot of leverage here,” said GAC’s Bandos, adding a closure would most likely provoke U.S. intervention.

A closure would also violate international law, he adds, and the effects would be felt everywhere – not just in the markets.

“Companies that charter shippers to haul their goods will be in a particular bind,” Bertrand writes, “Companies usually spend anywhere between $30,000 and $120,000 a day to charter a tanker ship, and that does not include bunkering and fuel costs.”

Furthermore, a closure could bring about a firestorm of litigation as literally tons of materiel and cargo could “sit in limbo in port, or idle in the water,” which, of course, would lead to lawsuits over who gets what, when, and how.

“One thing is clear: If the strait closes, global economies would suffer,” Bertrand declares, “Oil prices are sure to hit record highs. If the 1973 embargo experience repeats itself, the price of a barrel of oil could soar to $440 a barrel.”

(H/T: Business Insider)

Comments (98)

1 2
  • sedition
    Posted on March 6, 2012 at 6:54am

    MIDWESTHIPPIE
    Posted on March 6, 2012 at 4:36am
    …oh gosh blaze…we are soooo scared. your fear tactics are working great. let’s all fear and hate iran.

    This is not to get us riled up and hate Iran it is to show that we as a country are doing nothing to make us independent of foreign oil.

    Report Post » sedition  
  • Huguenot1732
    Posted on March 6, 2012 at 3:56am

    Here we are discussing the likelihood of Iran shutting down the Strait of Hormuz, the far reaching economic damage to the U.S. and European countries, putting the lives of U.S. service members in jeopardy as well as the lives of Iranian civilians in the event of U.S. strikes to nullify their nuclear capabilities. All of this because of a U.S. President who has embraced and supported the spread of radical Islam, and the Socialist left at home. Why? Politics be dammed, America once stood for something, the President could have taken an aggressive stance from the beginning, letting our enemies know we would not tolerate the spread of oppressive Islamic regimes instead of funding them. The President could have signed a bill that would have employed thousands building a pipeline with our neighbor Canada, instead of escalating a crisis with our enemies. The President could open areas of the U.S. to oil and natural gas development instead of bowing down to pressure from the Green Socialist. The President owns this problem, but we will bear the burden for his agenda. Please prepare, Obama will not go quietly into the sunset, the fight of our lives looms on the horizon. God help us.

    Report Post »  
    • GhostOfJefferson
      Posted on March 6, 2012 at 5:56am

      Last check, America used to stand for not pre-emptively attacking other nations. Last check.

      Report Post » GhostOfJefferson  
    • sedition
      Posted on March 6, 2012 at 6:48am

      GHOSTOFJEFFERSON, Exactly what happened to that !!

      Report Post » sedition  
  • poweruser19
    Posted on March 6, 2012 at 3:50am

    Well im not a tree hugger but, i have been investing in alternative means of transportation. When the crap hits the fan you will not even be able to get a scooter or a electric bicycle,they will be all gone.
    With a little bit of vision of things to come you can protect yourself, it may however mean you have to invest in those alternative energies everyone seems to hate. I personaly hate gas prices more than batteries. the technology is here now it’s just expensive becuse nobody thinks they need it yet.What will all of you do when the energy grid goes down becuse everyone jumps on the electric car band wagon and the government cannot provide enough electricity for residential neighborhoods.By then you would not even have a prayer to buy a solar or wind generator.
    My advice to everyone is get onboard the technology wave and try to ride it to oil independance, or atleast a little less dependance.The technology is here all we have to do is start building more……

    Report Post »  
  • SFsuper49er
    Posted on March 6, 2012 at 2:49am

    If gas prices get that high it won’t even be worth going to work for allot of folks… Your pay will be all wasted in gas and won’t have enough to pay bills anyway. You would have to pull your bike out or buy a scooter.

    Report Post »  
    • MidWestMom
      Posted on March 6, 2012 at 8:58am

      or everyone would end up depending on the government for survival.
      Now where have I heard that plan before…?

      Report Post »  
  • Revelation1911
    Posted on March 6, 2012 at 2:30am

    The Road Warrior (1981):
    Narrator Begins: “My life fades. The vision dims. All that remains are memories. I remember a time of chaos. Ruined dreams. This wasted land. But most of all, I remember The Road Warrior. The man we called “Max”. To understand who he was, you have to go back to another time. When the world was powered by the black fuel. And the desert sprouted great cities of pipe and steel. Gone now, swept away. For reasons long forgotten, two mighty warrior tribes went to war and touched off a blaze which engulfed them all. Without fuel, they were nothing. They built a house of straw. The thundering machines sputtered and stopped. Their leaders talked and talked and talked. But nothing could stem the avalanche. Their world crumbled. The cities exploded. A whirlwind of looting, a firestorm of fear. Men began to feed on men. On the roads it was a white line nightmare. Only those mobile enough to scavenge, brutal enough to pillage would survive. The gangs took over the highways, ready to wage war for a tank of juice. And in this maelstrom of decay, ordinary men were battered and smashed. Men like Max. The warrior Max. In the roar of an engine, he lost everything. And became a shell of a man, a burnt out, desolate man, a man haunted by the demons of his past, a man who wandered out into the wasteland. And it was here, in this blighted place, that he learned to live again…”

    Report Post » Revelation1911  
    • rabblechat
      Posted on March 6, 2012 at 9:05am

      That is probably not to far off the the reality of our near future….

      Report Post » rabblechat  
    • DoubleThrowDown
      Posted on March 6, 2012 at 10:39am

      The lessons that I learned from Mad Max is no matter how many guns you have they are worthless with out ammo. Cause like my grandfather always told me “a unloaded gun is a paper weight”. Be prepared people, I hope that I’m wrong and that I waisted a lot of my money on guns and ammo.

      Report Post »  
  • IndyGuy
    Posted on March 6, 2012 at 12:44am

    Don’t make me dust off my bicycle….Because I will…

    Report Post » IndyGuy  
  • KidCharlemagne
    Posted on March 6, 2012 at 12:44am

    Always follow the money (because it will always take you to the truth):

    ————–
    “March 20, 2012: the Iranian oil bourse will no longer trade oil in the U.S. dollar but start trading oil in other currencies like the euro, yen, yuan, rupee or a basket of currencies.”

    If U.S. dollars are no longer needed to purchase oil with, then inflation will start becoming a BIG problem in the U.S.

    Substitute the word “inflation” for “nuclear weapons” and its pretty easy to start putting 2 + 2 together, so expect the shooting to start on or before March 20, 2012.

    Report Post »  
  • texrubarts
    Posted on March 6, 2012 at 12:34am

    The real Obama:

    http://www.breitbart.com/Big-Government/2012/03/04/obama-alinsky-love-song

    Why is Beck not covering the Andrew Breitbart stuff on Obama??? Is it because Andrew was leaning towards Newt and Beck HATES Newt……

    Report Post » texrubarts  
    • IndyGuy
      Posted on March 6, 2012 at 1:03am

      Yup….The folks that work for Beck are bots…I love Beck but I prefer to think for myself…

      Report Post » IndyGuy  
  • HorseCrazy
    Posted on March 6, 2012 at 12:24am

    we are screwed…seems to be the theme on every story since 9/11. just keeps getting worse.

    Report Post »  
    • GhostOfJefferson
      Posted on March 6, 2012 at 5:58am

      That’s what happens when you adopt a fear driven police state. They keep the fear pumped up and the logic and reason low. They want you on constant war footing and in constant fear of the next new enemy.

      Report Post » GhostOfJefferson  
  • armymp
    Posted on March 6, 2012 at 12:16am

    I would gladly pay $20 bucks a gallon if it gets BoBo out of office LOL!

    Report Post »  
  • Abraham Young
    Posted on March 6, 2012 at 12:14am

    Tea Party “father” Ron Paul is sponsoring the “Free Competition in Currency Act,” which would allow states to introduce their own currencies, and rival Newt Gingrich is calling for a commission to look at how the country can get back to the gold standard.

    Ron Paul understands monetary policy better than any of the other Republican candidates. His book “End the Fed” is witness to his superior economic understanding. Gingrich and Romney seem at a loss to realize what we are up against with the central bankers.

    Report Post »  
  • KyleD
    Posted on March 5, 2012 at 11:27pm

    We have more oil in the US than any other country and if we wanted to we could not only be completely self sufficient in terms of oil but we could export it to other countries. It’s a travesty that we still buy oil from dictators, communists and opec. We should tell the world that we will no longer purchase oil from these countries and admonish all other civilized countries to do the same.

    Report Post »  
    • moonbat666
      Posted on March 6, 2012 at 1:51am

      Yes!!!!

      Report Post »  
    • Fight for America82
      Posted on March 6, 2012 at 2:27am

      Exactly! Nuff said. Drill here and open more refineries. Screw the rest of the world!! We can’t afford high fuel prices during a recession which by the way people, we have not even begun to come out of!

      Report Post » Fight for America82  
    • VRW Conspirator
      Posted on March 6, 2012 at 12:23pm

      Guys..
      Problem 1 – US has not built a refinery in over 30 years. Ours are outdated and unable to handle the capacity we use on a daily basis. Same thing with a nuclear reactor, none in 30 years. If we had kept building reactors at the rate of say France, we would have over 150 today and our electricity needs would be totally off coal, oil, and natural gas, dropping our oil consumption by nearly 40%.

      Problem 2 – the US only gets about 27% of our oil from foreign sources. We consider Canada and Mexico to be domestic sources. Our own oil, Mexican, and Canadian oil, makes up just over 70% of what we use daily. Some states, like CA, with their own oil, import less than 10% from foreign sources. It is a MYTH that we are DEPENDENT on foreign sources, over 70% of all oil based products (plastics, gases, rubber, power) would work fine without Mid East oil. It would hurt us bad but not kill us, it would kill Europe and Asia however and that would eventually kill us.

      Problem 3 – the US could force oil prices down to pre-Obama levels if we removed all drilling restrictions and within 3-5 years, be foreign source independent.

      Problem 4 – the above 3 aren’t about what we can do but will do. Our buying foreign oil is nothing more than a form of foreign aid to the people we want to keep in power. It is political not economics that drives oil prices and where we drill, export, and import from. Our government is guilty at all levels of selling the People out.

      Report Post » VRW Conspirator  
  • ImMadAsHell
    Posted on March 5, 2012 at 11:10pm

    Hmmmm let me see, would I rather push my car 31 miles or Hmmm pay $6 for that gallon of gas and ride comfortably while I listen to my tunes in my air conditioned car. Thats a hard decision. Let me think this out, my car weighs almost 3300 pounds, I havent been to the gym lately, maybe if I push my BMW 31 miles I will get in pretty good shape, then again, screw that I’ll just pay the $6 and drive comfortably for those 31 miles…. Get a life people, we cant do squat about the prices with this “A” Hole in the White House…… The ONLY Politition who has any GONADA is the Israeli President BB Net….

    Report Post »  
  • steveh931
    Posted on March 5, 2012 at 10:52pm

    It’s not so much about the Straits of Hormuz as it is about global economic terrorism by foreign states and their investments into oil and our markets with the failure of becoming less dependent upon foreign oil. Percentages were given on oil production, oil sales, refining percentages and costs. Obama is lying at ever turn so he can continue with his green energy programs while putting the United States at risk, does this surprise anyone on this board. If you want the percentages go to gbtv.com and watch today’s show, it will explain the position we’re in, two week free trial still exists. I believe the segment starts somewhere around forty five minutes in.

    Report Post » steveh931  
  • CharlesMartel
    Posted on March 5, 2012 at 10:49pm

    When oil was $3.40 a barrel, an ounce of gold was only $40. Now, oil is around $106.73 a barrel and gold is at $1,695.85.

    So, in 1973 you could get a barrel of gold for 0.085 ounces of gold, but it would only be 0.063 ounces of gold today.

    Therefore, the problem is not high oil prices, but low dollar value.

    Politicians and their funders in the Federal Reserve have destroyed the value of the dollar with inflation.

    Report Post » CharlesMartel  
    • resme
      Posted on March 5, 2012 at 10:56pm

      Too much truth, Ease up a bit.

      Report Post » resme  
    • portague
      Posted on March 5, 2012 at 11:20pm

      lets not forget we are not doing anything to increase production here that would let us take advantage of the price. We could be exporting more and making good money doing it to.

      Report Post »  
    • Captain Crunch
      Posted on March 6, 2012 at 12:17am

      And THAT is an accurate picture of how our wealth has been stolen from us by means of devaluation and printing of the dollar, not to mention inflation. The oil and gold isn’t worth more…the dollar is worth less. Our government has been like an irresponsible child with a credit card. The big problem is that the credit company keeps on extending the child’s credit limit.

      Report Post »  
    • GhostOfJefferson
      Posted on March 6, 2012 at 6:01am

      Outstanding summary. I wonder if anybody is paying attention? Lots of screaming “Economic terrorism! Bomb Iran!” but last check, Iran doesn’t control our currency, the Fed does. And brother, they’ve covertly taxed us to the point of serfdom, with inflation.

      Report Post » GhostOfJefferson  
    • TheWholeTruth
      Posted on March 6, 2012 at 8:52am

      http://www.youtube.com/watch?v=AZU0c8DAIU4&feature=share This is from 1958. Seems they love it when a plan comes together!

      Report Post »  
    • Hrothgar
      Posted on March 6, 2012 at 10:49am

      Chuck The Hammer, You nailed it right on the head. Our money is worthless hence higher prices for every commodity. I’ve told people this for years, but some dismissed it. Yes we can be a self sufficient nation, a free nation, a proud nation and a great nation if more people would realize that the FED needs to be disassembled. I learned in my high school economics class that the FED was not a good organization and our country was a nothing but a mere pawn to them.

      Report Post » Hrothgar  
  • CatherineAnn
    Posted on March 5, 2012 at 10:44pm

    High gas prices almost took me out last time, I may not survive this time. That Hope and Change that people voted for has ruined my business and everything I have worked for all my life. The really sad part is that some people still support Obama. I just don’t understand how anyone can not be awake to what is going on.

    Report Post » CatherineAnn  
    • seeker9
      Posted on March 5, 2012 at 11:02pm

      You hang in there. Hopefully BHO will be voted out. Best wishes.

      Report Post » seeker9  
    • Grey Eagle
      Posted on March 5, 2012 at 11:17pm

      I will be in the same boat with you. I agree 100% with you. We may not survive either. I did not vote for the naive ignorant arrogant jerk, but a lot of uninformed voters did. Hopefully they will wise up, when they see this “Hope and Change” is not working.

      Report Post »  
  • seeker9
    Posted on March 5, 2012 at 10:28pm

    Let ‘er rip. I own COP, TOT, SLB, and UGA. I hear rumors of an oil price collapse anyway.

    Report Post » seeker9  
  • Pallamus
    Posted on March 5, 2012 at 10:26pm

    We’ll soon find out. Bibi just put Iran on notice. “Diplomacy has not worked. Sanctions have not worked.” – Netanyahu @ AIPAC conference. Iran has been put on notice.

    Report Post » Pallamus  
    • CatB
      Posted on March 5, 2012 at 10:53pm

      So has Obama … I thought it was briliant how Bibi pulled Obama in … using his words to make it practically impossible for Obama not to back Israel. Obama thinks he can support Israel just until the election .. that may be more than long enough.

      Report Post »  
  • mildot rider
    Posted on March 5, 2012 at 10:20pm

    If the commie filth in the white house thinks they can survive gas at double or triple what it is now and food prices triple, then go for it. The Marxist regime will be just a bad dream and the kenyan will eat grasshoppers with the rest of us. Planet of the Apes is here.

    Report Post »  
  • Common.Cents
    Posted on March 5, 2012 at 10:15pm

    At my local gas station, prices have already gone up 65 cents in the last week.

    Report Post » Common.Cents  
    • CatB
      Posted on March 5, 2012 at 10:26pm

      It is tourist season in Florida and spring break weeks just started .. we are going to get “hosed” to put it mildly!

      That $6.00 gas they were talking about last week was Lake Bueuna Vista (DisneyWorld).

      Report Post »  
  • martinez012577
    Posted on March 5, 2012 at 9:59pm

    This is war hype. First off Iran cannot close off the straight. We have enough firepower in the area to end the Iranian navy in about 5 mins. Any war in the area is going to shoot the price of oil sky high, but it wont be because of Iran. It will be our fault for attacking a country that has no possible way of attacking us.

    We are the NFL lineman that has gone to a playground to pick a fight. Remember how strong the Iraqi army was supposed to be? I dont think many Americans understand what kind of firepower we have compared to every country in the world combined. Iran is a gnat, a gnat being used to bankrupt us and bring us to our knees. We are already on the brink, 6 dollar gas and another war is all we need to go off the cliff.

    Report Post » martinez012577  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on March 5, 2012 at 10:05pm

      “We are already on the brink, 6 dollar gas and another war is all we need to go off the cliff.”

      Get your Ron Paul bicycle out, and ask not what America can do for you, ask what you can do for America.

      Enlist now in preperation for the war effort. Your help is needed… stop your whining and get down to the recruiting station.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • martinez012577
      Posted on March 5, 2012 at 10:37pm

      LOL what? I am not worried about me having to go to war. I am worried if we are still around as a country that my sons might be drafted and sent to some crap hole country that is no threat to our country.

      As far as me enlisting, if our country had a true threat, I would be first inline to protect my children. Signing up now is pointless, we have no threats from foreign powers, all of our threats are domestic. So I will stick around here.

      Report Post » martinez012577  
    • cariboodragon
      Posted on March 5, 2012 at 10:47pm

      EMP’S would take care of most all the fancy American toys then its into the trenches boys gouging eyes out and such sounds like alot of fun, not.

      Report Post »  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on March 5, 2012 at 10:49pm

      Of course you’re right. I don’t see the Military and Ron Paul supporters as a good fit. Stay where you are… they’re opening up more jobs for women anyways. They’ll cover your isolationist back while you provide “home guard” like the Rebs had during the Civil War… abusing and terrorizing the locals.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • martinez012577
      Posted on March 5, 2012 at 11:03pm

      @TIME

      Again your comments have no factual back up. Your assumption that Ron Paul supporters and the military dont mix well is just dumb. As we both know Ron Paul gets more donations from military families than any other candidate.

      As far as you saying I would be like a member of the “home guard”. Well that is another assumption. In case of war/riots/economic collapse I will protect my family and friends with my life.

      Report Post » martinez012577  
    • martinez012577
      Posted on March 5, 2012 at 11:10pm

      @car

      I am pretty sure our fancy toys have EMP protection and backup systems. Other than nukes, I doubt there are a ton of EMP weapons laying around outside of the United States military.

      Report Post » martinez012577  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on March 5, 2012 at 11:10pm

      MARTINEZ. Stop with the Military donation ruse. I’ve debunked that over and over again. And that’s a fact.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • martinez012577
      Posted on March 6, 2012 at 12:24am

      @ time

      LOL, I must have missed that one. You mean you actually put a fact on this forum instead of your own wrong opinions.

      Report Post » martinez012577  
    • Boycott the Media Let the People Decide
      Posted on March 6, 2012 at 12:35am

      @ Chickenhawk…..ehh Time To End,

      Are you at it again creating your own news agency, man why don’t you get your own website I bet everyone would come see you…..

      Report Post »  
  • PATRIOT802
    Posted on March 5, 2012 at 9:58pm

    If Oil gets that High, The American public, even Liberals, will have Obamas head on a Pike…..

    Report Post » PATRIOT802  
    • CatB
      Posted on March 5, 2012 at 10:16pm

      And rightly so … shutting down gulf drilling, killing the pipeline, stopping more and more drilling on public land … not standing with Israel (oh I know now that he wants re-elected he is changing his tune) Obama owns this!

      Report Post »  
    • martinez012577
      Posted on March 5, 2012 at 10:42pm

      Nope, the price of gas has been going up for so long we have become used to it. When we go to war if you complain you will be labeled “unpatriotic”. Remember no American president has lost a reelection during war.

      Iran will be another Iraq, no WMDs, a lot of Iranians will die, we will lose troops, we will lose a lot of money, and we will rebuild Iran during our occupation. Lets see if we can get a bigger embassy than the one we have in Iraq.

      Report Post » martinez012577  
    • portague
      Posted on March 5, 2012 at 11:26pm

      martinez
      that is all avoidable if we would use our own resources and not rely on that hell hole. The fact that more people are not up in arms about this is the problem. We could be mass exporting this stuff and be richer for it but we choose to rely one others.

      Report Post »  
    • martinez012577
      Posted on March 6, 2012 at 9:08am

      @port

      I completely agree. We blame the tree huggers but in reality is the global government using the tree huggers to push us to the brink.

      Report Post » martinez012577  
  • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
    Posted on March 5, 2012 at 9:48pm

    In the picture… “Mahmoud Ahmadinejad approving of Iran’s first nuclear-powered whiskey still.”

    Next Picture…… Mahmoud Ahmaddinejad approving Iran’s first nuclear-powered marijuana grow room.

    Another reason for Ron Paul and his supporters to glow for Iran.

    Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • martinez012577
      Posted on March 5, 2012 at 10:01pm

      Congrats, another dumb comment with zero facts.

      Report Post » martinez012577  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on March 5, 2012 at 10:09pm

      I mentioned Mahmoud, marijuana and Ron Paul.

      3 thing things that Ron Paul supporters get behind.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • martinez012577
      Posted on March 5, 2012 at 10:51pm

      @time

      Do you think us attacking another Muslim nation will mean fewer or more future terrorists? Is a Iranian father who watches his wife and kids die during the invasion going to be mad at us and become extreme or do you think he will blame his government and go back to making carpets?

      Do you think the war on drugs has worked? After Ron Paul made it a states right to decide which drugs are legal, and your state said black tar heroin is legal, are you going to start doing black tar heroin?

      If you actually said why you dont think Ron Paul is the right guy for president instead of making dumb comments you might get some where with people. I am not talking about the same uninformed talking points or the bs newsletters. I am talking about a side by side comparison of the candidates and show where Ron Paul is wrong on real issues. DEBT, SPENDING, WARS, AND FREEDOMS.

      Report Post » martinez012577  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on March 5, 2012 at 11:21pm

      Ron Paul can’t think outside the box. His simplistic libertarian ideology prevents him from having a clue on how to deal with the complex problems of the world and most problems here in the US. As the leader of the “free” world, he would be a disaster not unlike Obama… possibly even worse. Ron Paul defers to the States for just the same reason… a cop-out for a simplistic man who doesn’t believe in the “United” States, but 50 individual countries.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
    • TulsaYeeHaw
      Posted on March 6, 2012 at 12:02am

      Yeah us libertarians are too stupid to handle ourselves without enlightened individuals such as you there to guide us.

      Report Post »  
    • Boycott the Media Let the People Decide
      Posted on March 6, 2012 at 12:40am

      @ Martinez

      You are wasting your time trying to argue logic, with an idealogue with no logic but high opinions Ahem…Time to End…

      Report Post »  
    • Boycott the Media Let the People Decide
      Posted on March 6, 2012 at 12:48am

      “Ron Paul can’t think outside the box. His simplistic libertarian ideology prevents him from having a clue on how to deal with the complex problems” You are right…..becoming a Doctor is as easy as opening a ******* jack box, and even easier to maintain that profession for over 30 years.

      “As the leader of the “free” world, he would be a disaster not unlike Obama… possibly even worse” Yes quoting the founding fathers and supporting living by the Constitution is an INSANE idea them Nutjob founders had to have been high on drugs to ever think that system would have worked….

      “Ron Paul defers to the States for just the same reason… a cop-out for a simplistic man who doesn’t believe in the “United” States, but 50 individual countries.” As did our founders as they were the one’s responsible for creating the 10th amendment, yet you would actually have to read the Constitution to understand this process,….Yes we know that is beneath your level of intelligence.

      Report Post »  
    • TIME_2_END_THE_PAUL_CAMPAIGN_IN_12
      Posted on March 6, 2012 at 8:21am

      Sorry BOYCOTT. I live in the “United” States. You’re welcome to stay if you like.

      Report Post » TIME_2_END_THE_PAUL_CAMPAIGN_IN_12  
  • ThePostman
    Posted on March 5, 2012 at 9:41pm

    The fair price of oil is about 100-200 dollars a barrel. Iran cannot close the strait – Saudi, and every country, would destroy the regime. All of this is nothing more than jockeying to get oil prices up where they belong. I promise you, the US will allow Iran to have a nuclear weapon. Dount me? Look only to Korea, an even more bizarre and deadly place. We let them have nuclear weapons with barely a whimper.

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    • Psychosis
      Posted on March 5, 2012 at 10:10pm

      the fair price of oil is actually 35 to 45 dollars a barrel

      political bs is what is keeping it artificially high

      Report Post » Psychosis  
    • FORLORNHOPE
      Posted on March 5, 2012 at 11:01pm

      The fair price of oil is 25 dollars a barrel.

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    • Leslie Anne
      Posted on March 6, 2012 at 9:48am

      The fair value of oil is about $187,500 per barrel. Each barrel contains the energy of approximately 25,000 man hours. 25,000 man hours x $7.50 an hour = $187,500 value per barrel.

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  • Snowleopard {gallery of cat folks}
    Posted on March 5, 2012 at 9:39pm

    Obama and Soros must be salvatating at the thought of a global economic collapse. This is exactly what each of them wants to have happen – collapse, reorganization of the world government and a world war to ‘restart’ everything under Soros ‘open borders’ agenda.

    Report Post » Snowleopard {gallery of cat folks}  
    • 1casawizard
      Posted on March 5, 2012 at 9:52pm

      @SNOW. ya might be close to correct on your assumptions,maam.

      Report Post » 1casawizard  
    • GovtIs4JusticeplusDefense
      Posted on March 5, 2012 at 10:44pm

      They need followers with training. Those with the most training…know better. Good luck getting us hill-billy, gun-toting God-clinging to join your side hahahaha…

      Report Post » GovtIs4JusticeplusDefense  
    • seldomscene
      Posted on March 5, 2012 at 10:49pm

      Have you forgotten about Billy Bob Clinton? He has always wanted to be president of the world!

      Report Post » seldomscene  
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