GasBuddy Blog

GasBuddy News Article

votes

Oil Markets Shrug Off Iranian Attack on U.S. Drone

Fox News -- An unarmed, unmanned U.S. drone flying in international airspace was fired on by Iran last week, Pentagon officials confirmed on Thursday, highlighting mounting tensions between the two countries. The move's ultimate impact on oil prices will depend on several factors, analysts said.
“When geopolitical tensions increase prices tend to rebound due to the simple fact that there is close to no spare capacity,” said Olivier Jakob, founder and managing director of Swiss-based Petromatrix.
Oil traders aren’t forecasting much of a bullish rally from the attack, though, saying tightening sanctions on the oil producer that halved the country’s oil exports this year have already been priced into the market, easing supply-side pressures on the West.
Oil traded slightly higher on Thursday, settling u

Read the Full Article

Submitted Nov 09, 2012 By: mastermariner

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Oil Markets Shrug Off Iranian Attack on U.S. Drone	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

DrCashFlow Champion Author Massachusetts Posts:7,196 Points:1,652,875 Joined:Jun 2008	Message Posted: Nov 11, 2012 1:37:25 AM Ignore DrCashFlow Report Abuse as well they should
sydb7 Champion Author Atlanta Posts:3,651 Points:1,940,845 Joined:Mar 2003	Message Posted: Nov 9, 2012 3:40:36 PM Ignore sydb7 Report Abuse Are speculators waiting for their next opportunity to raise prices?
Jebeahm Champion Author Maryland Posts:1,328 Points:480,775 Joined:Mar 2011	Message Posted: Nov 9, 2012 11:58:28 AM Ignore Jebeahm Report Abuse Bla Bla fuel for big oil propaganda
CocoPaz Champion Author Santa Barbara Posts:2,512 Points:349,145 Joined:Jun 2012	Message Posted: Nov 9, 2012 11:34:20 AM Ignore CocoPaz Report Abuse The Bible teaches us that Armageddon will start in the Middle East. We are praying for those of you on the East Coast.
dlgrote Rookie Author Stockton Posts:22 Points:4,120 Joined:Nov 2012	Message Posted: Nov 9, 2012 11:05:55 AM Ignore dlgrote Report Abuse friggen oil mkts !!
johton Champion Author Seattle Posts:1,345 Points:337,890 Joined:Jun 2012	Message Posted: Nov 9, 2012 10:54:05 AM Ignore johton Report Abuse Yes, they didn't hit it, and we didn't respond! We probably never will.
sharpspur Sophomore Author Jacksonville Posts:120 Points:165,015 Joined:Oct 2012	Message Posted: Nov 9, 2012 10:53:04 AM Ignore sharpspur Report Abuse The media needs to quit reporting problems in the mid-east because it gives the big oil barons a reason to raise fuel prices immediately.
geezrtek Champion Author Michigan Posts:2,043 Points:448,785 Joined:Apr 2011	Message Posted: Nov 9, 2012 10:34:58 AM Ignore geezrtek Report Abuse Yeah, but they didn't hit it.
mfgendron All-Star Author New York Posts:745 Points:322,630 Joined:Sep 2008	Message Posted: Nov 9, 2012 10:30:47 AM Ignore mfgendron Report Abuse What do you expect from faux Fox. Thanks to the coolness of our re-elected Prez....when it gets tough..the tough will get going.
amoshins Champion Author Trenton Posts:2,296 Points:666,045 Joined:Apr 2011	Message Posted: Nov 9, 2012 10:26:56 AM Ignore amoshins Report Abuse Good they should have shrugged off this event
md11capt Champion Author Denver Posts:3,558 Points:728,330 Joined:Mar 2011	Message Posted: Nov 9, 2012 10:18:40 AM Ignore md11capt Report Abuse The drones have been very effective in their job.
ModelWarships Champion Author Missouri Posts:5,880 Points:1,249,060 Joined:Jul 2008	Message Posted: Nov 9, 2012 9:42:57 AM Ignore ModelWarships Report Abuse still waiting for the seasonal drop to continue.
Gas_Eyes Champion Author Dallas Posts:2,807 Points:670,610 Joined:Mar 2011	Message Posted: Nov 9, 2012 9:41:37 AM Ignore Gas_Eyes Report Abuse Why is there no response from our government.
rwe930 Veteran Author Alabama Posts:334 Points:406,285 Joined:Aug 2011	Message Posted: Nov 9, 2012 9:40:54 AM Ignore rwe930 Report Abuse good
tutaw Champion Author Kentucky Posts:3,749 Points:868,270 Joined:Sep 2008	Message Posted: Nov 9, 2012 9:36:56 AM Ignore tutaw Report Abuse ok
Tutootin Champion Author Toronto Posts:10,251 Points:3,103,180 Joined:Jun 2004	Message Posted: Nov 9, 2012 9:32:40 AM Ignore Tutootin Report Abuse "due to the simple fact that there is close to no spare capacity"...I really don't understand that!
Ronk50MO All-Star Author St. Louis Posts:605 Points:296,720 Joined:Mar 2012	Message Posted: Nov 9, 2012 9:27:13 AM Ignore Ronk50MO Report Abuse send a couple of planes up after them and see if they do it again
Sethyl Champion Author Miami Posts:1,884 Points:403,215 Joined:Oct 2009	Message Posted: Nov 9, 2012 9:24:20 AM Ignore Sethyl Report Abuse good. it has nothing to do with oil, just a rogue country testing their limits like a child
TxPDawg All-Star Author Austin Posts:708 Points:402,840 Joined:Mar 2011	Message Posted: Nov 9, 2012 9:23:11 AM Ignore TxPDawg Report Abuse Well, what can i say
Lologogo Champion Author Twin Cities Posts:1,375 Points:368,390 Joined:Sep 2011	Message Posted: Nov 9, 2012 9:23:10 AM Ignore Lologogo Report Abuse all you crazy people who want us to go to war with Iran can go suck an egg. Like we got money for Another War, just hanging out there. Ok, lets take it from education, so we end up being just like them, a bunch of war hungry, uneducated morons, fighting every battle we can. The sanctions will work, and they didn't do any harm to our Un-Armed drone.
BurntOrange Champion Author Austin Posts:8,870 Points:1,608,765 Joined:Nov 2007	Message Posted: Nov 9, 2012 9:19:34 AM Ignore BurntOrange Report Abuse Pakistanis shoot at them every day.
bmsgolf Champion Author Amarillo Posts:2,136 Points:477,730 Joined:May 2011	Message Posted: Nov 9, 2012 9:19:10 AM Ignore bmsgolf Report Abuse Why don't we just wipe them off the face of the earth and fix this once and for all!!!
madison8359 Champion Author Cleveland Posts:9,301 Points:1,619,045 Joined:Apr 2008	Message Posted: Nov 9, 2012 9:17:41 AM Ignore madison8359 Report Abuse OK it's time to make Iran a parking lot.
gamalerin Champion Author Tampa Posts:4,872 Points:1,018,060 Joined:Jul 2010	Message Posted: Nov 9, 2012 9:17:17 AM Ignore gamalerin Report Abuse We have to stop them.
Zeke33 Champion Author New Hampshire Posts:5,654 Points:1,634,145 Joined:Sep 2005	Message Posted: Nov 9, 2012 9:15:39 AM Ignore Zeke33 Report Abuse Nothing will be done. Obummer wouldn't want to "upset" his fellow muslims.
Sam195 Champion Author San Bernardino Posts:8,220 Points:1,600,825 Joined:Oct 2008	Message Posted: Nov 9, 2012 9:15:23 AM Ignore Sam195 Report Abuse Romney would have bombed Tehran. Obama will just tell them to stop.
saunta Veteran Author Salt Lake City Posts:378 Points:121,765 Joined:Aug 2005	Message Posted: Nov 9, 2012 9:14:49 AM Ignore saunta Report Abuse Gave fox news something to complain about anyways...
homespesial All-Star Author Seattle Posts:710 Points:168,695 Joined:Oct 2012	Message Posted: Nov 9, 2012 9:13:32 AM Ignore homespesial Report Abuse hunting for free oil
firechief Champion Author New York Posts:3,521 Points:2,089,650 Joined:Mar 2004	Message Posted: Nov 9, 2012 9:13:07 AM Ignore firechief Report Abuse nothing was hit no more of a threat than saying I will bomb you
Lairre Champion Author Sacramento Posts:3,214 Points:211,935 Joined:Oct 2012	Message Posted: Nov 9, 2012 9:12:58 AM Ignore Lairre Report Abuse Sanction the crap out of the Iranians
pbalmeo All-Star Author Los Angeles Posts:978 Points:211,500 Joined:Aug 2011	Message Posted: Nov 9, 2012 9:12:25 AM Ignore pbalmeo Report Abuse That is not a good sign. The Sanctions are not fully effective.
dgarz01 All-Star Author Illinois Posts:772 Points:621,775 Joined:Mar 2011	Message Posted: Nov 9, 2012 9:10:48 AM Ignore dgarz01 Report Abuse Ok
minnesotagirl Champion Author Milwaukee Posts:5,992 Points:1,257,320 Joined:Oct 2009	Message Posted: Nov 9, 2012 9:10:42 AM Ignore minnesotagirl Report Abuse More saber rattling
pricechecker08 Champion Author Ohio Posts:8,006 Points:1,726,450 Joined:Jan 2008	Message Posted: Nov 9, 2012 9:10:36 AM Ignore pricechecker08 Report Abuse Heard we had plenty of oil without using all this foreign oil/
JCS Champion Author Twin Cities Posts:4,139 Points:1,337,665 Joined:Apr 2002	Message Posted: Nov 9, 2012 9:10:34 AM Ignore JCS Report Abuse nuke them
Jorgie Champion Author Twin Cities Posts:10,031 Points:2,945,390 Joined:Jul 2002	Message Posted: Nov 9, 2012 9:10:12 AM Ignore Jorgie Report Abuse Iran has really great pilots, they couldn't even shoot down an unarmed drone.:>)
blazerbob91 Champion Author Milwaukee Posts:6,272 Points:1,909,045 Joined:Aug 2005	Message Posted: Nov 9, 2012 9:09:53 AM Ignore blazerbob91 Report Abuse Trigger happy
ifallsguy Champion Author Arizona Posts:5,200 Points:1,571,370 Joined:Apr 2007	Message Posted: Nov 9, 2012 9:08:59 AM Ignore ifallsguy Report Abuse is it an act of war to attack a remote controlled aircraft? Anyone have an idea what international law is on this?
fightbigoil71 Champion Author Milwaukee Posts:7,692 Points:1,571,405 Joined:Nov 2008	Message Posted: Nov 9, 2012 9:08:21 AM Ignore fightbigoil71 Report Abuse Loose cannon in the Middle East
dgracing318 Champion Author Georgia Posts:1,119 Points:490,275 Joined:May 2011	Message Posted: Nov 9, 2012 9:07:54 AM Ignore dgracing318 Report Abuse Nuke them back to the stone age [Edited by: dgracing318 at 11/9/2012 10:08:36 AM EST]
redbeard47229 All-Star Author Indiana Posts:686 Points:44,215 Joined:Feb 2012	Message Posted: Nov 9, 2012 9:06:27 AM Ignore redbeard47229 Report Abuse we need to start using armed drones to defend themselves
Somis1 Champion Author Ventura Posts:13,819 Points:2,640,525 Joined:Jul 2005	Message Posted: Nov 9, 2012 9:06:25 AM Ignore Somis1 Report Abuse Just Iranians being Iranians. No harm, no foul.
Black Wagon Champion Author Illinois Posts:7,442 Points:1,827,770 Joined:Mar 2004	Message Posted: Nov 9, 2012 9:06:04 AM Ignore Black Wagon Report Abuse This news was supprested until after the elecion.
Taurus1 Champion Author Ohio Posts:3,209 Points:1,691,930 Joined:Apr 2006	Message Posted: Nov 9, 2012 9:05:39 AM Ignore Taurus1 Report Abuse Now this will impact price.
jay93LA Champion Author New Orleans Posts:2,579 Points:625,460 Joined:Aug 2011	Message Posted: Nov 9, 2012 9:04:46 AM Ignore jay93LA Report Abuse not an excuse for war
DarthDadJr Champion Author Virginia Posts:7,422 Points:1,544,695 Joined:Jul 2008	Message Posted: Nov 9, 2012 9:04:35 AM Ignore DarthDadJr Report Abuse Iranians are trying to drive up tension in the region and the price of oil by this act.
buzzieNY Champion Author Buffalo Posts:3,020 Points:661,080 Joined:Jun 2011	Message Posted: Nov 9, 2012 9:03:40 AM Ignore buzzieNY Report Abuse They need strong sanctions. Let them drink their oil.
mreiff Champion Author Louisville Posts:5,483 Points:1,329,440 Joined:May 2009	Message Posted: Nov 9, 2012 9:03:13 AM Ignore mreiff Report Abuse Thankfully!
TuanCanCook Champion Author Los Angeles Posts:19,894 Points:683,265 Joined:Jun 2011	Message Posted: Nov 9, 2012 9:03:12 AM Ignore TuanCanCook Report Abuse True SpankyMI
SpankyMI Champion Author Kalamazoo Posts:2,826 Points:783,640 Joined:Jan 2011	Message Posted: Nov 9, 2012 9:02:32 AM Ignore SpankyMI Report Abuse Only because they did not shoot it down!