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Quote:Iran revolutionary guards commander becomes new president of Opec

A senior Iranian revolutionary guards commander targeted by international sanctions has taken over the presidency of Opec after he became Iran's oil minister on Wednesday.

Rostam Ghasemi, head of the Khatam al-Anbia military and industrial base, was one of four ministersnominated by president Mahmoud Ahmadinejad to join his cabinet last week and approved by Iran's conservative-dominated parliament.

Ghasemi is currently subject to US, EU and Australian sanctions and his assets have been blacklisted by US Treasury and western powers. He took 216 votes from the 246 deputies present in the 290-seat parliament.

Iranian state media interpreted the vote as a reaction by Iran's parliament to international sanctions against the country, especially those which have targeted the revolutionary guards and the country's nuclear programme.

"The clever and decisive vote of Iranian MPs for engineer Ghasemi to become the oil minister is a meaningful and crucial response to the attacks against the guards from the west's media empire," said Ramedan Sharif, the head of the revolutionary guards public relations' unit, in quotes carried by Iran's semi-official Fars news agency.

In a parliamentary debate before the vote, however, Ali Motahari, a prominent conservative MP who has previously threatened to impeach Ahmadinejad, spoke out against the involvement of the revolutionary guards in Iran's politics.

"The integration of the guard, as a military force, in political and economic power is not in the interests of the system," Motahari told the parliament. "In neighboring countries, military officials are distancing themselves from politics and power, while it's the opposite in Iran."

The appointment of Ghasemi as Iran's oil minister automatically makes him the head of Opec which has a crucial role in determining oil prices.

As its second-largest crude oil exporter, Iran took the presidency of Opec after 36 years last October and Ghasemi's position will give the revolutionary guards a unique opportunity to influence an international organisation.

This would have never happened under Bush. Canada has enough oil to supply both Canada and the US for 300 years. There's actually enough for 3,000 years, but it's too expense to produce at this time. It's time to stop using 'Conflict Oil' and start using Canada's 'Ethical Oil'. All they have to do is build a pipe line to the refineries in Texas.
But its a commodity on the world market, WB. Prices will be influenced even if we didn't touch Middle Eastern Oil.
As it now stands you get most of your oil from Canada, Iran will do what it can to punish the West.
WB, as Tait said, oil is globaly traded. There is little that Iran can do to influence the oil price, short of commiting economic suicide.

If Iran wanted to double oil prices, they will have cut export at least by half, if not completely.

The Opec presidency is mostly ceremonial. They decide what they do by vote.
(08-04-2011, 12:29 PM)WarBicycle Wrote: [ -> ]As it now stands you get most of your oil from Canada, Iran will do what it can to punish the West.
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Yes. Canada is second to Saudi Arabia as far as oil reserves concerns. But almost all oil in Canada is in the form of tar sands that are difficult to exploit and create much environmental problems. The tar sands have to be excavated and processed in a 'refinery' where it is heated until the hydrocarbons in the tar sand are separated from the sand.

But at present oil prices exploitation of the Canadian tar sands can be profitable. Remains the environmental issues that make local politicians uneasy on whether to allow tar sand exploitation or not. So it is not so easy as only to say that US demands can be met without other imports.

/track_snake

[quote='WarBicycle' pid='198330' dateline='1312466104']
Quote:This would have never happened under Bush. Canada has enough oil to supply both Canada and the US for 300 years. There's actually enough for 3,000 years, but it's too expense to produce at this time. It's time to stop using 'Conflict Oil' and start using Canada's 'Ethical Oil'. All they have to do is build a pipe line to the refineries in Texas.

indeed. maybe even the moron was smart enough to understand that it's more ethical to destroy a fucked-up place like sa to extract oil, than a nice one like canada.