Iranian banks have been cut of from SWIFT
Iran is now cut off from global commerce. Iran's biggest customers (China, Japan, other Asian countries) can no longer wire payments to Iran
the West is pushing Iran to the edge
they are trying to provoke a response from Iran
logically Iran will try to disrupt the flow of oil thru the Strait of Hormuz
Iran will very likely lay mines in the strait
the US already has minesweepers and mine-hunting helicopters there
the West is anticipating a response from Iran
3 US aircraft carriers are already in the Persian Gulf – USS Abraham Lincoln, USS Carl Vinson, USS Enterprise
the US is sending more minesweepers and mine-hunting helicopters
other European countries have also deployed warships there
the naval buildup is a clear sign the West is expecting Iran to act
they're pushing Iran to act
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March 19th, 2012 12:57 AM #881
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March 19th, 2012 03:14 PM #886Hamas can lob a couple of rockets at Israel. A couple of bombers can blow up oil pipes in Iraq.
Originally Posted by uls
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March 19th, 2012 03:23 PM #887Sana. Originally Posted by kinyo
Shock and Awe Part 2 is coming?
Fasten your seatbelt! Or else...
Driven To Thrill!
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March 19th, 2012 03:40 PM #888Kaya ba ng world ng isang pang war? Iran is not a pushovet like Iraq and Libya...
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March 19th, 2012 04:49 PM #889Iran has no sympathy fro anyone IMO in this war. The world can handle its end IMO. The question is will the west be willing to invest and go through again another a.k.a. Iraq afterwar problems? Originally Posted by Monseratto
Fasten your seatbelt! Or else... Driven To Thrill!
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March 19th, 2012 10:44 PM #890Back to third world republic. Will this add up to P60/li unleaded gasoline?
Panibagong oil price hike | 24 Oras | GMA News Online | The Go-To Site for Filipinos EverywhereShell to raise prices at midnight.
Gasoline by P0.70/li.
Diesel and Kerosene by P0.60/li.
Other companies did not announce if they'll follow suit...
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twoyotas
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March 19th, 2012 11:05 PM #891Possibly. Pero sana naman bumaba ! Kahit balik 51 man lang for unleaded gasoline. Sakit sa bulsa nung 58/L. Hahaha.
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March 19th, 2012 11:51 PM #892Okay na din tumaas ng konti, kahit mga 3-4 months stable na mataas ang presyo ng gas.
Why? Para mabawasan ung mga maiingay ang tambucho na mabagal naman, rev ng rev papansin. Para mabawasan din mga walang alam sa daan.
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March 20th, 2012 11:33 AM #893speculators still net long crude oil
Money managers increase long exposure to brent crude again | Tradingfloor.com
Following on from the data provided by the CFTC on WTI crude the ICE exchange in London has released its weekly data on positions held by money managers in brent crude and gas oil futures.
For eight weeks in a row the net long position in brent crude rose again, this time by 6 percent to a new record of 140k contracts while the net long in gas oil saw a small reduction to 81.5k contracts.
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March 20th, 2012 11:49 AM #894Diesel 48.80 na pala, and unleaded 58.60. Last time I gassed my diesel Fortuner 3K na ang full tank...
Mas sensitive ngayon oil crude because Iran is out of the supply picture. Isang sabog lang, aabot ng sky high ang presyo.Last edited by Monseratto; March 20th, 2012 at 11:54 AM.
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March 20th, 2012 11:54 AM #895read more:Editorial
Oil price spiral
Philippine Daily Inquirer
While much attention is being directed at the impeachment trial of Chief Justice Renato Corona, oil prices are threatening to go through the roof.
As of March 14, a liter of gasoline cost P54.35 to P61.02; diesel, P45.70 to P48.70; and an 11-kilogram tank of liquefied petroleum gas used for cooking, P835 to P919. At the start of the year, gasoline was selling at P48.78 to P55.70, diesel at P42.84 to P46.43, and LPG at P691 to P765.
The surge in prices of imported oil has been attributed to increased political risks mainly in the oil-producing Middle East and North Africa and the growing demand of large economies like China and India. The oil price benchmark used by the Philippines, the Dubai crude, cost $123.65 a barrel as of March 9. (For perspective, the Aquino administration assumed that oil prices would average $100 a barrel when it set economic targets and drafted its budget for 2012.)
Oil price spiral | Inquirer OpinionLast edited by ghosthunter; March 20th, 2012 at 10:14 PM.
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March 20th, 2012 10:16 PM #899Any of you guys noticed a reduction of cars on the road yet?... I haven't.
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SobrangBilisMagType!
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March 20th, 2012 10:23 PM #900It is true. Originally Posted by tomboy
You just have to drive exclusively on the highway, at 70-80 km/h, coast as much as possible, and try not to get stuck in any traffic at all.
Ang pagbalik ng comeback...
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Originally Posted by uls
