Iran says oil under 100 dollars is 'unsuitable'

Not logged in [Log In] [Sign Up] [Points Leaders] [My Profile]

Monday, December 01, 2008 10:03:45 AM

Featured Sponsor

Save 5% on gas Get a 5% rebate on gas purchases with the Discover Card* Click here for more info


Add gas prices to your web site. Click here to find out how!

GasBuddy News Article

Iran says oil under 100 dollars is 'unsuitable' Saturday, October 04, 2008
AFP -- TEHRAN (AFP) — Iranian Oil Minister Gholam Hossiein Nozari said on Saturday that a price of under 100 dollars for a barrel of crude oil is "unsuitable." "An oil price of less than 100 dollars is unsuitable for anyone, either for producers or for consumers," Nozari told reporters on the sidelines of a gas export conference. The minister did not elaborate. "Unfortunately despite decrease in oil prices we have not seen any signs of a decrease in the costs" of oil production, he added. Asked for a forecast on prices, he said there had recently been such wild fluctuations that "five to 10 dollars up or down can not be analysed." Nozari blamed the current economic crisis in the United States and its effect on Europe for the fluctuations.
Visit AFP for full article

Message Forum - Read Message

Category: Daily News Article Discussions > Topics		Add to favorite topics Post New Topic
Rate this topic: Low 1 - 2 - 3 - 4 - 5 High Avg rating: 1.7 (3 votes)

Author	Topic: Iran says oil under 100 dollars is 'unsuitable'	Post a Reply Back to Topics

JT Moderator	Message Posted: 10/4/2008 7:17:19 AM	Ignore JT Report Abuse
	Saturday, October 04, 2008 AFP -- TEHRAN (AFP) — Iranian Oil Minister Gholam Hossiein Nozari said on Saturday that a price of under 100 dollars for a barrel of crude oil is "unsuitable." "An oil price of less than 100 dollars is unsuitable for anyone, either for producers or for consumers," Nozari told reporters on the sidelines of a gas export conference. The minister did not elaborate. "Unfortunately despite decrease in oil prices we have not seen any signs of a decrease in the costs" of oil production, he added. Asked for a forecast on prices, he said there had recently been such wild fluctuations that "five to 10 dollars up or down can not be analysed." Nozari blamed the current economic crisis in the United States and its effect on Europe for the fluctuations. Visit AFP for full article

REPLIES (newest first)

First

Next Last

ramshot412 Champion Author Riverside Posts:12,023 Points:1,205,630 Joined:Apr 2004	Message Posted: 10/6/2008 9:42:23 AM	Ignore ramshot412 Report Abuse
	"An oil price of less than 100 dollars is unsuitable for anyone, either for producers or for consumers," I agree.
recjr All-Star Author Illinois Posts:557 Points:96,170 Joined:Jun 2008	Message Posted: 10/6/2008 9:23:52 AM	Ignore recjr Report Abuse
	iran - what else would you expect from them!
rockinrog All-Star Author Ontario Posts:888 Points:690,655 Joined:May 2006	Message Posted: 10/6/2008 9:13:13 AM	Ignore rockinrog Report Abuse
	what a crock....$147 a couple of months ago and now hovering around $90.
canit Sophomore Author Vancouver Posts:216 Points:87,335 Joined:Aug 2008	Message Posted: 10/6/2008 9:07:51 AM	Ignore canit Report Abuse
	If you think about it, it's the most logical thing for them to say. The higher the price of oil: 1) the more money they make; 2) the more they damage western economies; 3) the more they diss western countries.
hblee Veteran Author Ontario Posts:400 Points:252,940 Joined:May 2004	Message Posted: 10/6/2008 8:58:52 AM	Ignore hblee Report Abuse
	Boo hoo! Not enough money to fund their military and nuclear program. That's what they are crying over.
mrgots2000 Veteran Author New York Posts:475 Points:56,675 Joined:May 2007	Message Posted: 10/6/2008 8:56:21 AM	Ignore mrgots2000 Report Abuse
	we don't even have to be that extreme, just buy oil from other democratic/capitalist nations, no middle eastern oil or oil from Venezuela(CITGO) Don't Buy gasoline at CITGO!!!! If u live in the eastern states, Hess is one of the few gasoline companies that does not buy middle easter oil, buy gas at a Hess [Edited by: mrgots2000 at 10/6/2008 10:58:12 AM EST]
NavyEOD Champion Author Los Angeles Posts:2,011 Points:441,340 Joined:Jul 2007	Message Posted: 10/6/2008 8:55:13 AM	Ignore NavyEOD Report Abuse
	Bomb Iran and take there oil!!!
krucker All-Star Author Austin Posts:606 Points:430,005 Joined:Aug 2004	Message Posted: 10/6/2008 8:54:45 AM	Ignore krucker Report Abuse
	OLD NEWS
mrgots2000 Veteran Author New York Posts:475 Points:56,675 Joined:May 2007	Message Posted: 10/6/2008 8:52:56 AM	Ignore mrgots2000 Report Abuse
	Keep falling baby!!! Those F-ing Iranies need the price of oil to remain high so that they may continue to fund terrorist groups and support other communist/socialist regimes on the rise like that in venezuela and bolivia in south america and other parts of the world. We need to stop funding these bastards, we need petroleum independence and we need ASAP. We need to take advantage of any and every possible way to reduce our independence on foreign fuels, be it solar, alternative fuels, wind, by any means necessary. I'd gladly pay $10 a gallon as long as we are not supporting terrorist nations, they hate us, f&%K'em.
BlueTucson Rookie Author Boston Posts:34 Points:386,755 Joined:Sep 2005	Message Posted: 10/6/2008 8:52:30 AM	Ignore BlueTucson Report Abuse
	"Unfortunately despite decrease in oil prices we have not seen any signs of a decrease in the costs [of oil production]" My heart goes out to the government of Iran as they struggle with oil prices below $100. Seriously, oil just went over $100 a few months ago and already Iran is complaining that prices are dropping down below that mark. How did they manage just a few years ago when oil prices were in the $20-$40 range? Sounds like rampant greed to me; but then, does that surprise anyone?
Don20 Champion Author Oklahoma City Posts:1,581 Points:1,024,595 Joined:Mar 2005	Message Posted: 10/6/2008 8:51:04 AM	Ignore Don20 Report Abuse
	For who is it unsuitable, (IRAN)
greywolves Champion Author Las Vegas Posts:1,231 Points:945,130 Joined:Dec 2004	Message Posted: 10/6/2008 8:49:30 AM	Ignore greywolves Report Abuse
	talk is cheap. they can say what they want, the trend is down
HerrZimmer Veteran Author Connecticut Posts:481 Points:113,715 Joined:Jan 2008	Message Posted: 10/6/2008 8:49:04 AM	Ignore HerrZimmer Report Abuse
	the Irianians are "unsuitable"...
DADDYBGG Veteran Author Oklahoma City Posts:363 Points:79,045 Joined:Jul 2008	Message Posted: 10/6/2008 8:46:11 AM	Ignore DADDYBGG Report Abuse
	wow iran is just being creedy
eaglev Champion Author Oklahoma City Posts:1,033 Points:343,070 Joined:Jul 2005	Message Posted: 10/6/2008 8:45:26 AM	Ignore eaglev Report Abuse
	I remember he said that $85 was the ceiling for gas just a year ago. We need to drill for our own oil and cut him out of the picture.
AlaRedNeck Champion Author Kansas Posts:1,228 Points:220,825 Joined:Apr 2008	Message Posted: 10/6/2008 8:40:43 AM	Ignore AlaRedNeck Report Abuse
	well said OilBGone
OilBGone All-Star Author New Jersey Posts:778 Points:130,895 Joined:Jul 2008	Message Posted: 10/6/2008 8:39:29 AM	Ignore OilBGone Report Abuse
	What? Iran is unstable? How do they expect to get $100 when no one anywhere in the wrold will have the money for it soon?
dougrusty Veteran Author Illinois Posts:434 Points:116,060 Joined:Mar 2008	Message Posted: 10/6/2008 8:38:12 AM	Ignore dougrusty Report Abuse
	Unsuit THIS!
Rageagainsttm Champion Author Tampa Posts:1,957 Points:440,065 Joined:Jul 2007	Message Posted: 10/6/2008 8:36:11 AM	Ignore Rageagainsttm Report Abuse
	This is not bad for consumers
BBHybrid Veteran Author Pittsburgh Posts:451 Points:96,300 Joined:Aug 2008	Message Posted: 10/6/2008 8:35:57 AM	Ignore BBHybrid Report Abuse
	of course
NissanGirl Veteran Author Oregon Posts:304 Points:170,830 Joined:Jan 2008	Message Posted: 10/6/2008 8:34:38 AM	Ignore NissanGirl Report Abuse
	Why doesn't Iran pay what we pay for fuel, and we will see how "unsuitable" the price is.
MacGyver_1701 Champion Author Indiana Posts:5,234 Points:1,152,375 Joined:Feb 2005	Message Posted: 10/6/2008 8:33:53 AM	Ignore MacGyver_1701 Report Abuse
	Oil over $100 has helped cause all of this mess to begin with. LET IT FALL
tbybee Veteran Author Omaha Posts:322 Points:113,575 Joined:Apr 2008	Message Posted: 10/6/2008 8:31:28 AM	Ignore tbybee Report Abuse
	Pushing crude up so high as caused a long-lasting change in attitude from a consumer standpoint. It happens all the time to companies that overprice their products.
mahenv7 Champion Author Toronto Posts:1,259 Points:254,065 Joined:Oct 2004	Message Posted: 10/6/2008 8:30:55 AM	Ignore mahenv7 Report Abuse
	40 - 50 range will be more like it
w4kh Champion Author Riverside Posts:3,715 Points:651,870 Joined:May 2004	Message Posted: 10/6/2008 8:27:22 AM	Ignore w4kh Report Abuse
	Of course it is "unsuitable" - it is the result of the weakened US Economy and the failing US Dollar... the Middle East needs the US to be strong economically and greedy for oil... the may not want to rule the US, but if the addicts have their way, we will be dictated to by people from far-away places who don't like us much
rxman1 Champion Author Toledo Posts:1,066 Points:309,420 Joined:Nov 2007	Message Posted: 10/6/2008 8:26:39 AM	Ignore rxman1 Report Abuse
	Let us go to oil prices less then $50 per barrel.
mrpc90 Champion Author Illinois Posts:1,411 Points:386,230 Joined:Dec 2004	Message Posted: 10/6/2008 8:26:31 AM	Ignore mrpc90 Report Abuse
	It is "unsuitable"... Boo hoo hoo...
Zinnoil Champion Author Illinois Posts:13,245 Points:1,525,945 Joined:May 2004	Message Posted: 10/6/2008 8:25:53 AM	Ignore Zinnoil Report Abuse
	If we could only 'reason' with them.
Plebe2001 Veteran Author Philadelphia Posts:322 Points:51,450 Joined:Jul 2008	Message Posted: 10/6/2008 8:23:13 AM	Ignore Plebe2001 Report Abuse
	Just another example of how unreasonable Iran's Leader is.
acknot All-Star Author Seattle Posts:926 Points:653,480 Joined:Sep 2003	Message Posted: 10/6/2008 8:22:20 AM	Ignore acknot Report Abuse
	Iran is unsuitable.
EZExit Veteran Author Phoenix Posts:372 Points:94,025 Joined:Aug 2008	Message Posted: 10/6/2008 8:21:14 AM	Ignore EZExit Report Abuse
	I think that Iran's behavior on the world stage is "unsuitable", and as suggested by another member here I don't recall, grain for less than $100 per bushel is "unsuitable"
iluna All-Star Author Colorado Springs Posts:503 Points:87,645 Joined:Jun 2007	Message Posted: 10/6/2008 8:18:28 AM	Ignore iluna Report Abuse
	Nozari & that lunatic president of theirs both need a good old American a** whippin' if you ask me. And did you notice how the US was blamed for the problem?
jppezz Veteran Author New Mexico Posts:386 Points:77,350 Joined:Jun 2008	Message Posted: 10/6/2008 8:18:08 AM	Ignore jppezz Report Abuse
	To hell with Iran
BBopp Champion Author Dayton Posts:1,336 Points:565,320 Joined:Dec 2006	Message Posted: 10/6/2008 8:17:54 AM	Ignore BBopp Report Abuse
	Greed! This is not bad for consumers, he is selfish.
flatcoatfun All-Star Author Orlando Posts:668 Points:199,740 Joined:Nov 2007	Message Posted: 10/6/2008 8:16:40 AM	Ignore flatcoatfun Report Abuse
	Of course its bad for him - good for us - lets keep making it drop and give the guy a heart attack!!
NightDiver Rookie Author Illinois Posts:90 Points:245,500 Joined:Mar 2007	Message Posted: 10/6/2008 8:15:29 AM	Ignore NightDiver Report Abuse
	He's definitely not thinking of consumers, but the lining of his pockets.
91_Metro_Man All-Star Author Ventura Posts:533 Points:257,805 Joined:Dec 2007	Message Posted: 10/6/2008 8:14:54 AM	Ignore 91_Metro_Man Report Abuse
	McCain said it best "Bomb, Bomb, Bomb; Bomb, Bomb, Iran!
funandtrvl Champion Author Illinois Posts:2,079 Points:229,825 Joined:Feb 2008	Message Posted: 10/6/2008 8:13:18 AM	Ignore funandtrvl Report Abuse
	Do we care?
Xavier6479 Rookie Author New Jersey Posts:1 Points:19,395 Joined:Apr 2006	Message Posted: 10/6/2008 8:10:44 AM	Ignore Xavier6479 Report Abuse
	Just a bunch of Hot Air
sailormon All-Star Author Michigan Posts:664 Points:209,105 Joined:Jul 2007	Message Posted: 10/6/2008 8:08:35 AM	Ignore sailormon Report Abuse
	F**k Iran! (Wow, I must be in a bad mood today...)
amacquarrie Veteran Author Nevada Posts:353 Points:81,235 Joined:Jun 2008	Message Posted: 10/6/2008 8:06:05 AM	Ignore amacquarrie Report Abuse
	he is an idiot
alsal55 Veteran Author Twin Cities Posts:266 Points:336,865 Joined:May 2007	Message Posted: 10/6/2008 8:04:44 AM	Ignore alsal55 Report Abuse
	This guy is a terrorist idiot. Of course oil under $100 a barrel is good for the economy. Just look at how the costs of everything have gone up since oil passed $100 a barrel. [Edited by: alsal55 at 10/6/2008 10:05:27 AM EST]
plumb37 Champion Author Quebec Posts:2,499 Points:109,030 Joined:Jun 2008	Message Posted: 10/6/2008 8:01:08 AM	Ignore plumb37 Report Abuse
	datZun said ...... "cant we all just get a Bomb?...." Keep this to yourself ...... You already have a B..b .
148366 Champion Author Spokane Posts:1,675 Points:493,310 Joined:Apr 2007	Message Posted: 10/6/2008 8:00:50 AM	Ignore 148366 Report Abuse
	I feel so sorry that they are taking a hit on their income.
ladybugIL Veteran Author Chicago Posts:256 Points:110,005 Joined:Jul 2008	Message Posted: 10/6/2008 8:00:05 AM	Ignore ladybugIL Report Abuse
	We need to depend more on ourselves.
Laser917 Champion Author Minnesota Posts:2,440 Points:808,005 Joined:Oct 2005	Message Posted: 10/6/2008 7:57:30 AM	Ignore Laser917 Report Abuse
	T U R D
CheapoBob Champion Author Alabama Posts:1,425 Points:962,260 Joined:Apr 2005	Message Posted: 10/6/2008 7:56:25 AM	Ignore CheapoBob Report Abuse
	CROOKS
sfreeh Rookie Author Pennsylvania Posts:23 Points:21,090 Joined:Jul 2007	Message Posted: 10/6/2008 7:54:50 AM	Ignore sfreeh Report Abuse
	Forget Iran. We need to handle it here ourselves. Drill now! I don't see how under $100 a barrel isn't good for the consumer. The lower it goes the happier I get!
timwil Champion Author Arkansas Posts:2,325 Points:504,030 Joined:May 2007	Message Posted: 10/6/2008 7:54:14 AM	Ignore timwil Report Abuse
	Very old news
Retowered Champion Author Colorado Posts:1,070 Points:1,098,060 Joined:May 2004	Message Posted: 10/6/2008 7:53:28 AM	Ignore Retowered Report Abuse
	Old news.