Archive for the ‘oil weapon’ Category
The Wall Street Journal reports that today OPEC Secretary-General Abdullah al-Badri was quoted in the Middle East Economic Digest: â€œmaybe we can price the oil in the euro.â€ Here's an article by Gal Luft on How to Make OPEC Blink.
"Russia's state-controlled natural-gas monopoly threatened to cut off supplies to Georgia if it doesn't agree to a more than doubling in the price of gas imports. OAO Gazprom asked Georgian authorities to finalize the amount of Russian gas imports they want for next year at â‚¬178 ($235) per 1,000 cubic meters, or risk receiving no gas at all, Gazprom spokesman Sergei Kupriyanov said. Georgia, which now pays â‚¬83, has accused Russia of using energy resources as "political blackmail" and as a means of punishing the small, ex-Soviet republic for its efforts to join the North Atlantic Treaty Organization. Russia denies the charges, saying the price is similar to what it charges other European consumers." AP
Hizballah chief terrorist Hassan Nasrallah whines and seethes regarding Arab countries, then concludes: "How can you possibly get a reasonable settlement, when you declare every day that you will never use the weapon of oil? When anyone talks to you about the weapon of oil, you mock him, and say: This kind of talk is backward."
Iranian Supreme National Security Council Secretary Ali LarijaniÂ has a message to all those who think "the oil weapon is obsolete": "[sanctions against Iran]Â will have many ramifications in the international arena. They will be harmed more than us. We control all aspects of this issue. They must not think we will not respond if they hurt us. They must not force us to make them shiver with cold, and make them face more problems. We don't want to take this path, but if they do, they will have to bear the consequences. This is not immediate, but if they do so, we will respond in a manner that will be sufficiently painful to them."