Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject	2/6/2002 5:33:03 PM
From: Crimson Ghost	Read Replies (1) of 36161

$50 oil (and $400 gold?) if US attacks Iran Wed-06-Feb-2002 Rafsanjani warns of oil price hike if U.S. attacks Iran 2002-02-05 20:05:37 Iran News (Tehran) 5 February 2002 Former president Akbar Hashemi-Rafsanjani predicted yesterday a U.S. attack on Iran would spark a serious world energy crisis, sending the price of a barrel of oil over 50 dollars. Quoted by state television, Rafsanjani warned that "because of the geopolitical situation of our country", Washington should know that Iran is not the place for "this sort of adventurism." "They saw during the eight years of our war against Iraq what force Iran possessed. That is why they know that a war against us would be extremely dangerous." He said the accusations by President George W. Bush that Iran was fostering terrorism and developing weapons of mass destruction were made for domestic electoral purposes. In a related development, a member of the Majlis Energy Commission said that threats of a possible military attack made recently by Bush against Iran will not be allowed to have any effect on international investments in the country’s oil or gas fields. Mohammad Rashidian, an MP from Abadan, speaking to IRNA on Sunday in the premises of Majlis said that most oil companies that have contracts with Iran are multinational companies with tie-ups in the United States. The United States would not be expected to do anything against Iran that would also harm these companies’ interests. He further said that European countries that have signed contracts with Iran have done so with caution, prior scientific assessment and politically calculated risks to protect their interests as opposed to those of the United States. Copyright 2001. This news item is distributed via Middle East News Online (MiddleEastWire.com). All rights reserved. May not be redistributed, published or used for broadcast without prior written authorisation from Middle East News Online.

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