By Free Republic | Created at 2024-10-03 16:37:08 | Updated at 2024-10-06 14:28:21
2 days ago
Biden ‘discussing’ Israel blowing up Iran’s oil — causing global spike in crude prices
NY Post ^ | Oct 3, 2024 | Steven Nelson
Posted on 10/03/2024 9:22:37 AM PDT by McGruff
President Biden said Thursday that the US is “discussing” the possibility of Israel bombing Iranian oil facilities as payback for a volley of nearly 200 rockets fired at the Jewish state on Tuesday — causing a spike in global crude prices.
Biden said the oil strike option was under consideration when asked directly by a reporter as he left the White House.
“We’re discussing that. I think that would be a little… anyway,” the retiring 81-year-old president said ...
Within 45 minutes of Biden’s remark, crude oil futures spiked to about $74 per barrel from its opening price of $70.10, before settling back to around $73.
(Excerpt) Read more at nypost.com ...
TOPICS: Business/Economy; Front Page News; Government; Iran; News/Current Events; Politics/Elections; War on Terror
KEYWORDS: anyway
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1 posted on 10/03/2024 9:22:37 AM PDT by McGruff
To: McGruff
It shouldn’t ... Nobody buys Iranian oil... Except Russia and China. Europe and North America’s supply shouldn’t be affected by Israel’s coming air strikes.
2 posted on 10/03/2024 9:25:16 AM PDT by jerod (Nazis were essentially Socialist in Hugo Boss uniforms... Get over it!)
To: McGruff
After the 10am tapioca but before that 4pm puddin’.
3 posted on 10/03/2024 9:25:22 AM PDT by Libloather (Why do climate change hoax deniers live in mansions on the beach?)
To: jerod
It shouldn’t ... Nobody buys Iranian oil... Except Russia and China. Europe and North America’s supply shouldn’t be affected by Israel’s coming air strikes.
The supplies in the West wouldn't be directly affected... but the price of the oil on the markets would. It's a global commodity and supply & demand still function. If you limit supply in the marketplace--even if it's going to specific customers--you will drive prices higher globally.
4 posted on 10/03/2024 9:28:09 AM PDT by pgyanke (Republicans get in trouble when not living up to their principles. Democrats... when they do.)
To: everyone
5 posted on 10/03/2024 9:28:46 AM PDT by McGruff (Ask everyone, Are you better off than you were four years ago?)
To: jerod
but the Biden Admin will make sure the price goes up everywhere
6 posted on 10/03/2024 9:28:53 AM PDT by butlerweave
To: McGruff
Welcome to world war and obama 4.0.
Today's big picture
7 posted on 10/03/2024 9:29:19 AM PDT by jdt1138 (Where ever you go, there you are.)
To: McGruff
"I think that would be a little… anyway,”
I agree with him. It's nice to know we have a statesman of his caliber in charge of the situation. [/s]
8 posted on 10/03/2024 9:31:43 AM PDT by ClearCase_guy (My decisions about people are based almost entirely on skin color. I learned this from Democrats.)
To: McGruff
Biden needs to be muzzled.
9 posted on 10/03/2024 9:34:49 AM PDT by DownInFlames (P)
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