With new sanctions coming down on the Iranian economy – and the European Union debating an embargo on Iranian oil – Iran is sticking to its threats to block the Strait of Hormuz – out of which 40% of the world’s oil travels. On Sunday – Secretary of Defense Leon Panetta warned Iran that such an action would cross a “red line” and that the United States would “take action and reopen” the critical supply route. Maybe Ronald Reagan shouldn’t have torn down Jimmy Carter’s solar panels on the roof of the White House 30 years ago – because our nation’s addiction to foreign oil has put us in this tense situation on the brink of a worldwide incident.
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Leon Panetta's red line about Iran is not about oil, it's about nuclear weaponry, which he admits Iran is not building.
"Are they trying to develop a nuclear weapon? No. But we know they're trying to develop a nuclear capability and that's what concerns us. And our red line to Iran is 'Do not develop a nuclear weapon.' That's a red line for us," he added.
Our nation isn't addicted to foriegn oil, we are being force fed it.
We have all the oil we need, right here at home.
The fossil fool theory is a convenient lie.
What you see regarding energy policy in the world is a cartoon, cloaked by artifice, based on lies, that allows everyone to be chained to wealthy oil barons.
Furious rhyming - curious timing
Day 1: Panetta warns Iran that we will take action
Day 2: Distraction YouTube video account: semperfiLoneVoice is created and 40 second video titled "Marines peeing on taliban" is uploaded.
Day 3: Very public Mossad-style assassination of Iranian Scientist gets less press than would otherwise as inflammatory video from prior day goes viral.
I was struck that reporting on the video includes the unit and that some participants have been identified - but makes no mention of when the video was made.
If the video is more than just a few days old - one wonders how many other such videos, etc. are out there waitng to be used when someone wants the media focus redirected.
This reminds me of the delayed release of a White House press member's informal interview, made to look as if she is anti-Israeli (vs. anti-apartheid), after the initial world outrage over IDF hijacking and murders of Humanitarian Aid workers headed toward Gaza a while back.
With new sanctions coming down on the Iranian economy – and the European Union debating an embargo on Iranian oil – Iran is sticking to its threats to block the Strait of Hormuz – out of which 40% of the world’s oil travels. On Sunday – Secretary of Defense Leon Panetta warned Iran that such an action would cross a “red line” and that the United States would “take action and reopen” the critical supply route. Maybe Ronald Reagan shouldn’t have torn down Jimmy Carter’s solar panels on the roof of the White House 30 years ago – because our nation’s addiction to foreign oil has put us in this tense situation on the brink of a worldwide incident.
Yes, our nation's addiction to oil all stems back to those darn solar panels being torn off the White House 30 years ago.
Hey! Let's, instead, repay some campaign contributors with half a billion dollars to build solar panels, cut them a $25 million dollar tax break on top of it, and then watch them disappear into the night consequently screwing about 1,000 people out of a job.
I have a suggestion for all of you so vehemently against our dependence on foreign oil.
Stop using it or stop complaining about it.
Did you ever ask how on Earth it could be cheaper to sail oil across the ocean than to simply pump it here in America?
Of course, it's not cheaper, and we're not addicted to it, we're being force fed it, ever since Hubbert threw his curve and they pretended we were running out of it here. This subterfuge and subsequent outsourcing killed off the independent oil in America.
We're not dependent on foriegn oil, and a good response to an Iranian blockade of Hormuz would be to shrug our shoulders.
In addition to shrugging our shoulders, some bribed swaps dealers, and oil commodity futures traders could manipulate the price of oil down. The price has nothing to do with supply and demand, as the oil executives stated before a congressional hearing. 40% of the price is speculation.