Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:00 PM

GasBuddy News Article

52
votes
Oil Markets Shrug Off Iranian Attack on U.S. Drone

Fox News -- An unarmed, unmanned U.S. drone flying in international airspace was fired on by Iran last week, Pentagon officials confirmed on Thursday, highlighting mounting tensions between the two countries. The move's ultimate impact on oil prices will depend on several factors, analysts said.
“When geopolitical tensions increase prices tend to rebound due to the simple fact that there is close to no spare capacity,” said Olivier Jakob, founder and managing director of Swiss-based Petromatrix.
Oil traders aren’t forecasting much of a bullish rally from the attack, though, saying tightening sanctions on the oil producer that halved the country’s oil exports this year have already been priced into the market, easing supply-side pressures on the West.
Oil traded slightly higher on Thursday, settling u


Read the Full Article

Submitted Nov 09, 2012 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Markets Shrug Off Iranian Attack on U.S. Drone Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
DrCashFlow
Champion Author Massachusetts

Posts:9,552
Points:2,211,360
Joined:Jun 2008
Message Posted: Nov 11, 2012 2:37:25 AM

as well they should
Profile Pic
sydb7
Champion Author Atlanta

Posts:5,383
Points:2,434,210
Joined:Mar 2003
Message Posted: Nov 9, 2012 4:40:36 PM

Are speculators waiting for their next opportunity to raise prices?
Profile Pic
Jebeahm
Champion Author Maryland

Posts:1,747
Points:898,410
Joined:Mar 2011
Message Posted: Nov 9, 2012 12:58:28 PM

Bla Bla fuel for big oil propaganda
Profile Pic
CocoPaz
Champion Author Santa Barbara

Posts:6,535
Points:925,530
Joined:Jun 2012
Message Posted: Nov 9, 2012 12:34:20 PM

The Bible teaches us that Armageddon will start in the Middle East.

We are praying for those of you on the East Coast.
Profile Pic
dlgrote
Rookie Author Stockton

Posts:22
Points:4,120
Joined:Nov 2012
Message Posted: Nov 9, 2012 12:05:55 PM

friggen oil mkts !!
Profile Pic
johton
Champion Author Seattle

Posts:3,790
Points:913,325
Joined:Jun 2012
Message Posted: Nov 9, 2012 11:54:05 AM

Yes, they didn't hit it, and we didn't respond! We probably never will.
Profile Pic
sharpspur
Sophomore Author Jacksonville

Posts:120
Points:502,515
Joined:Oct 2012
Message Posted: Nov 9, 2012 11:53:04 AM

The media needs to quit reporting problems in the mid-east because it gives the big oil barons a reason to raise fuel prices immediately.
Profile Pic
geezrtek
Champion Author Michigan

Posts:4,476
Points:806,385
Joined:Apr 2011
Message Posted: Nov 9, 2012 11:34:58 AM

Yeah, but they didn't hit it.
Profile Pic
mfgendron
Champion Author New York

Posts:2,894
Points:826,040
Joined:Sep 2008
Message Posted: Nov 9, 2012 11:30:47 AM

What do you expect from faux Fox. Thanks to the coolness of our re-elected Prez....when it gets tough..the tough will get going.
Profile Pic
amoshins
Champion Author Trenton

Posts:3,914
Points:1,177,620
Joined:Apr 2011
Message Posted: Nov 9, 2012 11:26:56 AM

Good they should have shrugged off this event
Profile Pic
md11capt
Champion Author Denver

Posts:4,595
Points:1,228,845
Joined:Mar 2011
Message Posted: Nov 9, 2012 11:18:40 AM

The drones have been very effective in their job.
Profile Pic
ModelWarships
Champion Author Missouri

Posts:7,488
Points:1,646,635
Joined:Jul 2008
Message Posted: Nov 9, 2012 10:42:57 AM

still waiting for the seasonal drop to continue.
Profile Pic
Gas_Eyes
Champion Author Dallas

Posts:2,857
Points:681,310
Joined:Mar 2011
Message Posted: Nov 9, 2012 10:41:37 AM

Why is there no response from our government.
Profile Pic
rwe930
Veteran Author Alabama

Posts:435
Points:507,405
Joined:Aug 2011
Message Posted: Nov 9, 2012 10:40:54 AM

good
Profile Pic
tutaw
Champion Author Kentucky

Posts:5,968
Points:1,431,025
Joined:Sep 2008
Message Posted: Nov 9, 2012 10:36:56 AM

ok
Profile Pic
Tutootin
Champion Author Toronto

Posts:12,667
Points:3,671,400
Joined:Jun 2004
Message Posted: Nov 9, 2012 10:32:40 AM

"due to the simple fact that there is close to no spare capacity"...I really don't understand that!
Profile Pic
Ronk50MO
Champion Author St. Louis

Posts:2,573
Points:815,470
Joined:Mar 2012
Message Posted: Nov 9, 2012 10:27:13 AM

send a couple of planes up after them and see if they do it again
Profile Pic
Sethyl
Champion Author Miami

Posts:3,965
Points:922,865
Joined:Oct 2009
Message Posted: Nov 9, 2012 10:24:20 AM

good. it has nothing to do with oil, just a rogue country testing their limits like a child
Profile Pic
TxPDawg
Champion Author Austin

Posts:1,426
Points:891,125
Joined:Mar 2011
Message Posted: Nov 9, 2012 10:23:11 AM

Well, what can i say
Profile Pic
Lologogo
Champion Author Twin Cities

Posts:2,922
Points:725,635
Joined:Sep 2011
Message Posted: Nov 9, 2012 10:23:10 AM

all you crazy people who want us to go to war with Iran can go suck an egg. Like we got money for Another War, just hanging out there. Ok, lets take it from education, so we end up being just like them, a bunch of war hungry, uneducated morons, fighting every battle we can. The sanctions will work, and they didn't do any harm to our Un-Armed drone.
Profile Pic
BurntOrange
Champion Author Austin

Posts:11,402
Points:2,157,100
Joined:Nov 2007
Message Posted: Nov 9, 2012 10:19:34 AM

Pakistanis shoot at them every day.
Profile Pic
bmsgolf
Champion Author Amarillo

Posts:4,568
Points:1,041,690
Joined:May 2011
Message Posted: Nov 9, 2012 10:19:10 AM

Why don't we just wipe them off the face of the earth and fix this once and for all!!!
Profile Pic
madison8359
Champion Author Cleveland

Posts:15,555
Points:2,193,805
Joined:Apr 2008
Message Posted: Nov 9, 2012 10:17:41 AM

OK it's time to make Iran a parking lot.
Profile Pic
gamalerin
Champion Author Tampa

Posts:7,317
Points:1,589,515
Joined:Jul 2010
Message Posted: Nov 9, 2012 10:17:17 AM

We have to stop them.
Profile Pic
Zeke33
Champion Author New Hampshire

Posts:7,523
Points:2,041,995
Joined:Sep 2005
Message Posted: Nov 9, 2012 10:15:39 AM

Nothing will be done. Obummer wouldn't want to "upset" his fellow muslims.
Profile Pic
Sam195
Champion Author San Bernardino

Posts:10,605
Points:2,158,605
Joined:Oct 2008
Message Posted: Nov 9, 2012 10:15:23 AM

Romney would have bombed Tehran. Obama will just tell them to stop.
Profile Pic
saunta
Veteran Author Salt Lake City

Posts:469
Points:146,135
Joined:Aug 2005
Message Posted: Nov 9, 2012 10:14:49 AM

Gave fox news something to complain about anyways...
Profile Pic
homespesial
All-Star Author Seattle

Posts:713
Points:217,455
Joined:Oct 2012
Message Posted: Nov 9, 2012 10:13:32 AM

hunting for free oil
Profile Pic
firechief
Champion Author New York

Posts:4,309
Points:2,562,490
Joined:Mar 2004
Message Posted: Nov 9, 2012 10:13:07 AM

nothing was hit no more of a threat than saying I will bomb you
Profile Pic
Lairre
Champion Author Sacramento

Posts:7,182
Points:775,580
Joined:Oct 2012
Message Posted: Nov 9, 2012 10:12:58 AM

Sanction the crap out of the Iranians
Profile Pic
pbalmeo
Champion Author Los Angeles

Posts:1,024
Points:568,190
Joined:Aug 2011
Message Posted: Nov 9, 2012 10:12:25 AM

That is not a good sign. The Sanctions are not fully effective.
Profile Pic
dgarz01
Champion Author Illinois

Posts:2,510
Points:1,127,815
Joined:Mar 2011
Message Posted: Nov 9, 2012 10:10:48 AM

Ok
Profile Pic
minnesotagirl
Champion Author Milwaukee

Posts:8,380
Points:1,809,285
Joined:Oct 2009
Message Posted: Nov 9, 2012 10:10:42 AM

More saber rattling
Profile Pic
pricechecker08
Champion Author Ohio

Posts:10,419
Points:2,290,775
Joined:Jan 2008
Message Posted: Nov 9, 2012 10:10:36 AM

Heard we had plenty of oil without using all this foreign oil/
Profile Pic
JCS
Champion Author Twin Cities

Posts:6,098
Points:1,890,515
Joined:Apr 2002
Message Posted: Nov 9, 2012 10:10:34 AM

nuke them
Profile Pic
Jorgie
Champion Author Twin Cities

Posts:12,070
Points:3,500,460
Joined:Jul 2002
Message Posted: Nov 9, 2012 10:10:12 AM

Iran has really great pilots, they couldn't even shoot down an unarmed drone.:>)
Profile Pic
blazerbob91
Champion Author Milwaukee

Posts:7,089
Points:2,443,570
Joined:Aug 2005
Message Posted: Nov 9, 2012 10:09:53 AM

Trigger happy
Profile Pic
ifallsguy
Champion Author Arizona

Posts:6,289
Points:2,043,090
Joined:Apr 2007
Message Posted: Nov 9, 2012 10:08:59 AM

is it an act of war to attack a remote controlled aircraft? Anyone have an idea what international law is on this?
Profile Pic
fightbigoil71
Champion Author Milwaukee

Posts:10,079
Points:2,125,770
Joined:Nov 2008
Message Posted: Nov 9, 2012 10:08:21 AM

Loose cannon in the Middle East
Profile Pic
dgracing318
Champion Author Georgia

Posts:2,950
Points:1,028,510
Joined:May 2011
Message Posted: Nov 9, 2012 10:07:54 AM

Nuke them back to the stone age

[Edited by: dgracing318 at 11/9/2012 10:08:36 AM EST]
Profile Pic
redbeard47229
Champion Author Indiana

Posts:1,112
Points:72,640
Joined:Feb 2012
Message Posted: Nov 9, 2012 10:06:27 AM

we need to start using armed drones to defend themselves
Profile Pic
Somis1
Champion Author Ventura

Posts:16,231
Points:3,179,030
Joined:Jul 2005
Message Posted: Nov 9, 2012 10:06:25 AM

Just Iranians being Iranians. No harm, no foul.
Profile Pic
Black Wagon
Champion Author Illinois

Posts:9,693
Points:2,331,835
Joined:Mar 2004
Message Posted: Nov 9, 2012 10:06:04 AM

This news was supprested until after the elecion.
Profile Pic
Taurus1
Champion Author Ohio

Posts:5,142
Points:2,174,755
Joined:Apr 2006
Message Posted: Nov 9, 2012 10:05:39 AM

Now this will impact price.
Profile Pic
jay93LA
Champion Author New Orleans

Posts:5,063
Points:1,194,895
Joined:Aug 2011
Message Posted: Nov 9, 2012 10:04:46 AM

not an excuse for war
Profile Pic
DarthDadJr
Champion Author Virginia

Posts:9,146
Points:2,050,540
Joined:Jul 2008
Message Posted: Nov 9, 2012 10:04:35 AM

Iranians are trying to drive up tension in the region and the price of oil by this act.
Profile Pic
buzzieNY
Champion Author Buffalo

Posts:5,408
Points:1,220,835
Joined:Jun 2011
Message Posted: Nov 9, 2012 10:03:40 AM

They need strong sanctions. Let them drink their oil.
Profile Pic
mreiff
Champion Author Louisville

Posts:7,806
Points:1,887,460
Joined:May 2009
Message Posted: Nov 9, 2012 10:03:13 AM

Thankfully!
Profile Pic
TuanCanCook
Champion Author Los Angeles

Posts:224,503
Points:1,253,890
Joined:Jun 2011
Message Posted: Nov 9, 2012 10:03:12 AM

True SpankyMI
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:4,831
Points:1,310,770
Joined:Jan 2011
Message Posted: Nov 9, 2012 10:02:32 AM

Only because they did not shoot it down!
Post a reply Back to Topics