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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (188667)	6/7/2006 12:36:54 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 281500

Now, if you're considering nationalizing the US oil industry or thinking about prohibiting, e.g., Exxon-Mobil, from selling it's crude on the global market the dynamic changes. How about something as simple as matching Iran's heated rhetoric about cutting off oil supplies with the threat to match any loss with sales of oil from the Strategic Petroleum Reserve?? We have 680 million barrels locked away right now there and Iran only produced 2.6 million export barrels per day. en.wikipedia.org infoplease.com And Europe, and other countries, have their own SPRs: energybulletin.net And yeah.. it might prove a hollow threat since it might only impact prices for a year or so.. but it will certainly put a dent in the ability of OPEC to manipulate prices in the monopolistic manner they have been. Hawk