Oil prices climb as Iran threatens EU supply cut

Time to start drilling in South China Sea.

drill baby drill. and you liberals call her dumb

NO BLOOD FOR OIL-- It makes your engine smoke and you have to change it every mile and a half..

What does Iran has to do with our gas prices .We don't get our oil from Iran Europe does. This is another reason for the big oil companies to get richer

Oil market in a nutshell: Iran, Greece, Bernake, Iran, Greece, Supply up, greece, supply down, Iran...... rinse, lather, and repeat. #$%$!!!!

Screw oil!!!!!!!!!!!

oil @ $40 honest people are happy
oil @ $100 crooks are happy.

"Oil rises as traders eye hope of more possible fears and worries."

I don't know how to tell you this but there's a train wreck heading our way and our "oil problems" are about to get a whole lot worse. Wall St's continued greed and avarice has manipulated oil up to $100 a barrel. This is an enormous threat tothe world’s economy! If you don't know it; listen up! Oil refineries all over the world are shutting down! Refineries in Hawaii, St Croix, Houston, Philly, Delaware, other places in the US, and Europe are shutting down! They’re shutting down for three reasons (1) The price of oil is too high. A refiner’s margins are so small at these high prices, not only can they not make money, most refineries have lost money. (Thanks speculators on Wall St!) (2) There is a glut of oil and distillates and no place left to store it. It’s been this way for a while (3 years). Some refineries are turning into oil storage facilities. They can make more money from renting tanks to banks and hedge funds than they can make by producing product. (3) Due to the European oil embargo on Iran, Iran is selling oil at a heavily discounted rate to Asian refineries who will sell refined products to us cheaper than American refineries. Bottom line; WE ARE SO SCREWED!!. Repeal the Commodities Modernization Act of 2000 and the Financial Modernization Act of 1999 and get speculators out of the Commodities markets!!!

Just gives another reason for the US to drill and rely on their own oil supplies.

Another reason to get OFF OIL & find something else but big oil shuts it down through CONGRESS.

I would have thought that with all the negative news coming from Europe and the U.S. that this commodity would have flowed down the toilet like all of the others. These guys and gals trading oil should all run for political office and solve the other issues facing us today since they are so successful with this.

USA NEEDS TO INCREASE THE PRICE OF EVERYTHING WE SEND TO THE OIL COUNTRIES BY 10 AND LET THEM KNOW WE CAN GROW OUR OWN FOOD AND REALLY DO NOT NEED YOUR OIL.

U STARVE TO DEATH AND THEN YOUR COUNTRY IS OURS.

Just another way for oil speculators to line their pockets.

The crooked governments like Iran understand that we are controlled by this ridiculuious high energy prices. They are doing anything to keep these prices at these frothy levels. The truth is that oil at $50 is more than fair for these oil producing nations.

stupid.

How are these MFers allowed to do this!!!???!!! First oil was under $97 this morning due to ample supplies in the us... Now it's up almost $99 because of Iran threats to EU supplies.
WTF ??? It has nothing do to with the US... why should we have to pay?

Someone answer me this... With oil hovering between $94 and $98 pbl... why is gas going up? Are they getting ready for the supposed "spring/summer" blend?? Wish everyone could afford an electric and/or hybrid car that uses little to no gas... and phfuck all these OPEC money hungry, dirty, scum bucket, greedy a$$ holes.

Okay... I feel a little better now :)

CNG powered cars could free the United States from OPEC's grip. Demand that your representative bring this forward. There is currently 3.098 TCF of natural gas is in ground storage, 531 BCF higher than last year and 547 BCF higher than the 5-year average. Oil=$97 to $100 per barrel with $'s going to OPEC. Natural gas is $2-$3 per MCF - WAKE UP AMERICA - The second half is about to begin! Let OPEC drink their black gold and eat sand. We can drive our cars on USA produced CNG for a fraction of the cost and return the $’s back to jobs in America. Demand the build out of infrastructure to support CNG powered automobiles.

HEADLINES: Millions of Iranians starve to death due to rice shortage. Rice is no longer being shipped to Iran from India or Ukraine, due to nonpayment on prior shipments. It's just a matter of time before their is starvation and a mass revolt in Iran. Let's wait and see. I think we can out wait them.

Why does the USA give a crap whether or not Europe gets oil, and why should we pay more? the answer...Total #$%$ that's why