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Author
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Topic: Oil hits new record on Israeli threats
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Frustrated Mess
rabble-rouser
Babbler # 8312
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posted 11 July 2008 06:12 AM
quote:
Crude oil rose more than $5 to a record on concerns that Israel may be preparing to attack Iran, while a strike in Brazil and renewed militant activity in Nigeria threaten to cut supplies.Oil rallied to a record high of $146.90 a barrel in New York after the Jerusalem Post said Israeli war planes practiced over Iraq, adding to speculation the country is preparing to attack Iran.
BloombergMeanwhile, the US economic meltdown continues: quote:
Fannie Mae (FNM, Fortune 500) shares tumbled nearly 50% and Freddie Mac (FRE, Fortune 500) stock plunged 43% in pre-market trading, at the end of a week that has seen increasing concern about the government-sponsored enterprises' financial soundness. So far this week, Fannie's stock has plunged 30% and Freddie is down 45%.The two firms own or back $5 trillion worth of home mortgages.
CNN Money
From: doom without the gloom | Registered: Feb 2005
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RationalThought
rabble-rouser
Babbler # 15338
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posted 11 July 2008 10:31 PM
"Israel (who had thus far stayed out of the fray by letting the U.S. military do the heavy lifting) is attacked by Hezbollah in a coordinated and large scale effort. Widespread and grisly casualties effectively paralyze the nation, a notion once thought impossible. Iran’s newest ally in the region, Syria, then unleashes a barrage of over 200 Scud B, C and D missiles at Israel, each armed with VX gas. Since all of Israel is within range of these Russian built weapons, Haifa, Tel Aviv, Jerusalem and virtually all major civilian centers and several military bases are struck, often with a result of massive casualties."Way off base. There's no way for Hezbollah to actually invade Israel, they are after all primarily a defensive force. They can launch small missiles into the very north of Israel but it's doubtful that would paralyze the country. And it's also unlikely that Syria would sign its own death warrant by launching WMDs into Israeli civilian centers. But even if they decided to do that what's to stop Israel from knocking out Syria's air defences in a first-strike operation and then going after the SCUD sites? Iran is a diferent story though and the US would have a real fight on its hands if they restrict themselves to using only conventional weapons. The easiest way to defeat them would be to detonate an EMP device over the country then go in and take out the nuclear sites. Pretty sure someone in the Pentagon has thought of this already.
From: not relevent | Registered: Jul 2008
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