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indybay.org - 6 days ago
Tedr77 [at] aol.com by Ted Rudow III, MA ( Tedr77 [at] aol.com Friday Dec 30th, 2011 10:18 AM Iran, at loggerheads with the West over its nuclear program, said on Tuesday it would stop the flow of oil through the Strait of Hormuz in the Gulf if sanctions were imposed ... The Talking Points ™
- Ted Rudow III, M - Much of the Persian Gulf relies on the Strait of Hormuz to export its petroleum and reach the ocean, making it one of the world's most important oil supply routes. - Actually about a 40% loss of oil since those happy carefree days of the one-dollar-a-barrel oil, which is all they were willing to give the Arabs for this very cheap black sticky dirty substance a mere 40 years or so ago. - And also, it's their one weapon they can really use effectively.