Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:59 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
DrCashFlow
Champion Author Massachusetts

Posts:10,162
Points:2,378,785
Joined:Jun 2008
Message Posted: Nov 11, 2012 2:37:25 AM

as well they should
sydb7
Champion Author Atlanta

Posts:5,917
Points:2,597,265
Joined:Mar 2003
Message Posted: Nov 9, 2012 4:40:36 PM

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

Posts:1,769
Points:1,010,075
Joined:Mar 2011
Message Posted: Nov 9, 2012 12:58:28 PM

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

Posts:7,640
Points:1,096,905
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.
dlgrote
Rookie Author Stockton

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

friggen oil mkts !!
johton
Champion Author Seattle

Posts:4,425
Points:1,084,680
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.
sharpspur
Sophomore Author Jacksonville

Posts:120
Points:525,715
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.
geezrtek
Champion Author Michigan

Posts:5,118
Points:905,900
Joined:Apr 2011
Message Posted: Nov 9, 2012 11:34:58 AM

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

Posts:3,417
Points:965,180
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.
amoshins
Champion Author Trenton

Posts:4,274
Points:1,327,295
Joined:Apr 2011
Message Posted: Nov 9, 2012 11:26:56 AM

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

Posts:4,595
Points:1,368,145
Joined:Mar 2011
Message Posted: Nov 9, 2012 11:18:40 AM

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

Posts:7,906
Points:1,762,295
Joined:Jul 2008
Message Posted: Nov 9, 2012 10:42:57 AM

still waiting for the seasonal drop to continue.
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.
rwe930
Veteran Author Alabama

Posts:435
Points:508,205
Joined:Aug 2011
Message Posted: Nov 9, 2012 10:40:54 AM

good
tutaw
Champion Author Kentucky

Posts:6,505
Points:1,597,560
Joined:Sep 2008
Message Posted: Nov 9, 2012 10:36:56 AM

ok
Tutootin
Champion Author Toronto

Posts:13,305
Points:3,841,775
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!
Ronk50MO
Champion Author St. Louis

Posts:3,054
Points:946,920
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
Sethyl
Champion Author Miami

Posts:4,415
Points:1,064,690
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
TxPDawg
Champion Author Austin

Posts:1,545
Points:1,040,380
Joined:Mar 2011
Message Posted: Nov 9, 2012 10:23:11 AM

Well, what can i say
Lologogo
Champion Author Twin Cities

Posts:3,248
Points:813,020
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.
BurntOrange
Champion Author Austin

Posts:12,058
Points:2,322,375
Joined:Nov 2007
Message Posted: Nov 9, 2012 10:19:34 AM

Pakistanis shoot at them every day.
bmsgolf
Champion Author Amarillo

Posts:5,200
Points:1,211,265
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!!!
madison8359
Champion Author Cleveland

Posts:17,627
Points:2,365,180
Joined:Apr 2008
Message Posted: Nov 9, 2012 10:17:41 AM

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

Posts:7,958
Points:1,761,115
Joined:Jul 2010
Message Posted: Nov 9, 2012 10:17:17 AM

We have to stop them.
Zeke33
Champion Author New Hampshire

Posts:7,767
Points:2,141,410
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.
Sam195
Champion Author San Bernardino

Posts:11,225
Points:2,325,305
Joined:Oct 2008
Message Posted: Nov 9, 2012 10:15:23 AM

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

Posts:496
Points:151,275
Joined:Aug 2005
Message Posted: Nov 9, 2012 10:14:49 AM

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

Posts:714
Points:218,225
Joined:Oct 2012
Message Posted: Nov 9, 2012 10:13:32 AM

hunting for free oil
firechief
Champion Author New York

Posts:4,496
Points:2,703,005
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
Lairre
Champion Author Sacramento

Posts:8,317
Points:946,555
Joined:Oct 2012
Message Posted: Nov 9, 2012 10:12:58 AM

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

Posts:1,024
Points:708,915
Joined:Aug 2011
Message Posted: Nov 9, 2012 10:12:25 AM

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

Posts:3,011
Points:1,284,055
Joined:Mar 2011
Message Posted: Nov 9, 2012 10:10:48 AM

Ok
minnesotagirl
Champion Author Milwaukee

Posts:9,005
Points:1,973,590
Joined:Oct 2009
Message Posted: Nov 9, 2012 10:10:42 AM

More saber rattling
pricechecker08
Champion Author Ohio

Posts:11,057
Points:2,462,150
Joined:Jan 2008
Message Posted: Nov 9, 2012 10:10:36 AM

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

Posts:6,601
Points:2,056,025
Joined:Apr 2002
Message Posted: Nov 9, 2012 10:10:34 AM

nuke them
Jorgie
Champion Author Twin Cities

Posts:12,526
Points:3,664,860
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.:>)
blazerbob91
Champion Author Milwaukee

Posts:7,101
Points:2,601,060
Joined:Aug 2005
Message Posted: Nov 9, 2012 10:09:53 AM

Trigger happy
ifallsguy
Champion Author Arizona

Posts:6,701
Points:2,191,765
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?
fightbigoil71
Champion Author Milwaukee

Posts:10,711
Points:2,293,215
Joined:Nov 2008
Message Posted: Nov 9, 2012 10:08:21 AM

Loose cannon in the Middle East
dgracing318
Champion Author Georgia

Posts:3,281
Points:1,177,055
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]
redbeard47229
Champion Author Indiana

Posts:1,206
Points:82,700
Joined:Feb 2012
Message Posted: Nov 9, 2012 10:06:27 AM

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

Posts:16,820
Points:3,347,920
Joined:Jul 2005
Message Posted: Nov 9, 2012 10:06:25 AM

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

Posts:10,168
Points:2,447,510
Joined:Mar 2004
Message Posted: Nov 9, 2012 10:06:04 AM

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

Posts:5,712
Points:2,320,505
Joined:Apr 2006
Message Posted: Nov 9, 2012 10:05:39 AM

Now this will impact price.
jay93LA
Champion Author New Orleans

Posts:5,746
Points:1,366,070
Joined:Aug 2011
Message Posted: Nov 9, 2012 10:04:46 AM

not an excuse for war
DarthDadJr
Champion Author Virginia

Posts:9,522
Points:2,200,920
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.
buzzieNY
Champion Author Buffalo

Posts:6,030
Points:1,388,875
Joined:Jun 2011
Message Posted: Nov 9, 2012 10:03:40 AM

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

Posts:8,386
Points:2,056,340
Joined:May 2009
Message Posted: Nov 9, 2012 10:03:13 AM

Thankfully!
TuanCanCook
Champion Author Los Angeles

Posts:250,294
Points:1,423,050
Joined:Jun 2011
Message Posted: Nov 9, 2012 10:03:12 AM

True SpankyMI
SpankyMI
Champion Author Kalamazoo

Posts:5,392
Points:1,479,415
Joined:Jan 2011
Message Posted: Nov 9, 2012 10:02:32 AM

Only because they did not shoot it down!
KingCLP009
Champion Author Philadelphia

Posts:2,834
Points:835,150
Joined:Mar 2007
Message Posted: Nov 9, 2012 10:01:27 AM

What
Post a reply Back to Topics