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Iran's oil remains a moveable threat

GasBuddy Blog -- Crude oil prices have fallen by $10 per barrel in the last 10 days. Why? Most people who follow oil and gasoline prices agree that several reasons explain it: a rising dollar pushes commodities lower; weak employment numbers from the U.S. Dept. of Labor reflect slow economic recovery --little change in consumer demand-- while tensions have eased between Iran and Western nations over the country’s nuclear program.

However, it may be premature to say that those tensions will remain muted. Last week Israel Defense Minister Ehud Barak made a speech to the Foreign Press Association in Jerusalem where he said the following:

"Iranian deception and lies concerning their nuclear program have been on-going and well-documented....

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Submitted May 10, 2012 By: PD

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Diesel_Ram Champion Author Dallas Posts:6,482 Points:1,515,210 Joined:Jan 2009	Message Posted: May 11, 2012 9:22:26 AM Ignore Diesel_Ram Report Abuse Yesterdays story
maryph1958 Champion Author Cincinnati Posts:1,420 Points:283,095 Joined:Sep 2011	Message Posted: May 11, 2012 9:22:00 AM Ignore maryph1958 Report Abuse ok
BCM1 Champion Author Pennsylvania Posts:1,859 Points:782,020 Joined:Jun 2007	Message Posted: May 11, 2012 9:21:43 AM Ignore BCM1 Report Abuse ok.
2gjh Champion Author North Dakota Posts:3,174 Points:2,447,600 Joined:Nov 2003	Message Posted: May 11, 2012 9:19:15 AM Ignore 2gjh Report Abuse Oil dropped 10%, gas dropped?
Tutootin Champion Author Toronto Posts:10,106 Points:3,074,505 Joined:Jun 2004	Message Posted: May 11, 2012 9:19:03 AM Ignore Tutootin Report Abuse NotTom, What an awesome, well thought out post!!!!!
cableman31 Champion Author New York Posts:8,818 Points:2,013,875 Joined:May 2004	Message Posted: May 11, 2012 9:17:36 AM Ignore cableman31 Report Abuse The president of IRAN is an idiot. He is always trying to step on other countries toes.
sivart Champion Author Arkansas Posts:18,200 Points:3,066,960 Joined:May 2004	Message Posted: May 11, 2012 9:15:12 AM Ignore sivart Report Abuse They will use any reason to raise the price at the pump!!
olebufnav Champion Author Omaha Posts:3,955 Points:1,020,080 Joined:Nov 2008	Message Posted: May 11, 2012 9:14:30 AM Ignore olebufnav Report Abuse To hell with Iran. The have trained the speculators to jump every time they sneeze.
Rans35PG Champion Author Modesto Posts:2,470 Points:994,000 Joined:Oct 2008	Message Posted: May 11, 2012 9:14:21 AM Ignore Rans35PG Report Abuse nuke em
mysub Champion Author Las Vegas Posts:8,896 Points:2,327,540 Joined:Apr 2006	Message Posted: May 11, 2012 9:13:14 AM Ignore mysub Report Abuse Screw Iran.
teatiger Champion Author Dallas Posts:2,665 Points:1,473,940 Joined:Nov 2008	Message Posted: May 11, 2012 9:12:49 AM Ignore teatiger Report Abuse same old old news
vcsuksu21 Champion Author Oklahoma City Posts:2,468 Points:704,430 Joined:Dec 2010	Message Posted: May 11, 2012 9:12:32 AM Ignore vcsuksu21 Report Abuse Yes, got it
paulp24 Champion Author Harrisburg Posts:4,522 Points:819,300 Joined:Dec 2010	Message Posted: May 11, 2012 9:12:21 AM Ignore paulp24 Report Abuse Ok
techque Champion Author St. Louis Posts:8,640 Points:2,417,455 Joined:Apr 2005	Message Posted: May 11, 2012 9:12:13 AM Ignore techque Report Abuse prices here JUMPED 17 cents/gallon overnight, with NO justification.
rvn4me Champion Author Texas Posts:5,576 Points:1,490,090 Joined:Jan 2009	Message Posted: May 11, 2012 9:11:21 AM Ignore rvn4me Report Abuse Depending on foreign oil is a problem. Get someone in the administration with a solution.
TXGasPriceSpy Champion Author Fort Worth Posts:7,795 Points:1,469,350 Joined:Sep 2008	Message Posted: May 11, 2012 9:11:12 AM Ignore TXGasPriceSpy Report Abuse I guess the Shah wasn't so bad after all.
satrn38mpg Champion Author Raleigh Posts:5,052 Points:1,050,015 Joined:Sep 2009	Message Posted: May 11, 2012 9:10:19 AM Ignore satrn38mpg Report Abuse Ok
gasman50 Champion Author Portland Posts:8,829 Points:2,406,560 Joined:Nov 2005	Message Posted: May 11, 2012 9:09:35 AM Ignore gasman50 Report Abuse Yesterdays story.........
Bullseye520 Champion Author Louisville Posts:2,182 Points:663,715 Joined:Apr 2011	Message Posted: May 11, 2012 9:08:44 AM Ignore Bullseye520 Report Abuse OH well!
pulpwood Champion Author Mississippi Posts:7,379 Points:1,859,605 Joined:Sep 2006	Message Posted: May 11, 2012 9:07:00 AM Ignore pulpwood Report Abuse Iran hates US!
weenerdog Champion Author Detroit Posts:9,446 Points:1,881,965 Joined:Jan 2008	Message Posted: May 11, 2012 9:06:50 AM Ignore weenerdog Report Abuse pump prices should be lower
TBecker1415 Champion Author Missouri Posts:1,660 Points:347,640 Joined:Nov 2011	Message Posted: May 11, 2012 9:05:32 AM Ignore TBecker1415 Report Abuse we'll see.
GasholeMI Champion Author Lansing Posts:10,124 Points:1,715,365 Joined:Jul 2008	Message Posted: May 11, 2012 9:05:18 AM Ignore GasholeMI Report Abuse Like I mentioned yesterday, it is not the dollar getting stronger, it is the euro getting weaker.
Wierbe Champion Author Cincinnati Posts:3,737 Points:1,116,190 Joined:Apr 2006	Message Posted: May 11, 2012 9:04:18 AM Ignore Wierbe Report Abuse ugh.
craigrm Champion Author Connecticut Posts:1,735 Points:576,005 Joined:Mar 2008	Message Posted: May 11, 2012 9:04:02 AM Ignore craigrm Report Abuse Ugh.
HelenT Champion Author Buffalo Posts:2,939 Points:594,900 Joined:Apr 2004	Message Posted: May 11, 2012 9:03:13 AM Ignore HelenT Report Abuse ....
krobp46 Champion Author Milwaukee Posts:2,694 Points:538,170 Joined:Sep 2011	Message Posted: May 11, 2012 9:03:08 AM Ignore krobp46 Report Abuse Iran must have gone to the same school of deception that North Koreas has
roundtrip100 Champion Author Fort Wayne Posts:1,988 Points:392,950 Joined:Apr 2012	Message Posted: May 11, 2012 9:02:42 AM Ignore roundtrip100 Report Abuse Maybe they should annex North Korea!
PittSlovak Champion Author Pittsburgh Posts:2,499 Points:1,908,460 Joined:Sep 2005	Message Posted: May 11, 2012 9:01:28 AM Ignore PittSlovak Report Abuse Always has, always will.
Paw5X Champion Author Gary Posts:9,888 Points:2,264,505 Joined:May 2005	Message Posted: May 11, 2012 9:01:27 AM Ignore Paw5X Report Abuse They are idiots!
gas_too_high Champion Author Columbus Posts:11,523 Points:1,929,440 Joined:Aug 2005	Message Posted: May 11, 2012 9:00:57 AM Ignore gas_too_high Report Abuse We are not out of the woods on this issue. GTH
30mpg80 Champion Author Lexington Posts:9,996 Points:1,484,930 Joined:Nov 2008	Message Posted: May 11, 2012 9:00:31 AM Ignore 30mpg80 Report Abuse Watch out for Iran tricks!!!!
Dale Jr. Champion Author Illinois Posts:16,214 Points:3,234,125 Joined:May 2004	Message Posted: May 11, 2012 8:59:29 AM Ignore Dale Jr. Report Abuse Iran - Yawn
napermike79 Champion Author Twin Cities Posts:3,554 Points:1,725,910 Joined:May 2001	Message Posted: May 11, 2012 8:59:09 AM Ignore napermike79 Report Abuse rising dollar??
itzagasgasgas1 Champion Author Cincinnati Posts:3,954 Points:1,596,245 Joined:Aug 2005	Message Posted: May 11, 2012 8:59:08 AM Ignore itzagasgasgas1 Report Abuse A stronger U.S. dollar will keep pushing crude prices lower as long as demand and supply are constant.
SmokeFan14 Champion Author St. Louis Posts:2,118 Points:1,084,865 Joined:Oct 2008	Message Posted: May 11, 2012 8:58:29 AM Ignore SmokeFan14 Report Abuse k
Mariuxus Champion Author Chicago Posts:3,740 Points:1,867,915 Joined:May 2007	Message Posted: May 11, 2012 8:57:30 AM Ignore Mariuxus Report Abuse old...
cableman31 Champion Author New York Posts:8,818 Points:2,013,875 Joined:May 2004	Message Posted: May 11, 2012 8:57:24 AM Ignore cableman31 Report Abuse The president of IRAN is a looney bird.
RangerTrainer Champion Author Ottawa Posts:2,443 Points:606,520 Joined:Nov 2010	Message Posted: May 11, 2012 8:56:59 AM Ignore RangerTrainer Report Abuse Iran yet another country trying to upset world
us30ride Champion Author Fort Wayne Posts:3,310 Points:708,635 Joined:Apr 2011	Message Posted: May 11, 2012 8:56:57 AM Ignore us30ride Report Abuse Let them keep it!
megadiesellv Champion Author Atlanta Posts:1,474 Points:503,585 Joined:Sep 2011	Message Posted: May 11, 2012 8:56:51 AM Ignore megadiesellv Report Abuse Just be careful with iran.
daquanabe Champion Author Houston Posts:1,808 Points:371,850 Joined:Oct 2009	Message Posted: May 11, 2012 8:56:35 AM Ignore daquanabe Report Abuse yesterday's news
MikLamb Champion Author Texas Posts:7,970 Points:2,172,195 Joined:Jun 2006	Message Posted: May 11, 2012 8:56:06 AM Ignore MikLamb Report Abuse "Iranian deception and lies" about everything.
RabunDog Champion Author Georgia Posts:2,995 Points:1,221,560 Joined:May 2009	Message Posted: May 11, 2012 8:55:05 AM Ignore RabunDog Report Abuse agree jci
Cuzilla Champion Author Indianapolis Posts:12,183 Points:2,346,495 Joined:Sep 2005	Message Posted: May 11, 2012 8:54:49 AM Ignore Cuzilla Report Abuse The regime in Iran needs to be humbled by the Great White Light!
swede Champion Author Cleveland Posts:3,752 Points:1,673,075 Joined:Feb 2003	Message Posted: May 11, 2012 8:54:38 AM Ignore swede Report Abuse Prices have dropped due to a world wide glut of oil. It will start going up when China starts to increase production again. [Edited by: swede at 5/11/2012 8:55:20 AM EST]
jci25946 Champion Author Tampa Posts:3,251 Points:936,865 Joined:Jan 2006	Message Posted: May 11, 2012 8:53:51 AM Ignore jci25946 Report Abuse Crude and gas prices are not affected by normal supply and demand rules. They are governed by ANY news item that can be skewed in the favor of the group making the predictions and setting prices!!!
mreiff Champion Author Louisville Posts:5,330 Points:1,299,690 Joined:May 2009	Message Posted: May 11, 2012 8:53:41 AM Ignore mreiff Report Abuse The world is swimming in oil too, yet another reason for the drop in price.
yvonneIL Champion Author Chicago Posts:3,704 Points:735,200 Joined:Apr 2011	Message Posted: May 11, 2012 8:53:23 AM Ignore yvonneIL Report Abuse ok
Gascapade Champion Author Fort Worth Posts:3,007 Points:479,755 Joined:Mar 2009	Message Posted: May 11, 2012 8:53:02 AM Ignore Gascapade Report Abuse Speculators, who are licking their chops due to speculative posts like this remain a moveable threat....
albert2008 Champion Author Winnipeg Posts:7,337 Points:1,478,085 Joined:Sep 2008	Message Posted: May 11, 2012 8:53:02 AM Ignore albert2008 Report Abuse time tells all