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28 Dec 2011 11:37

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World: Iran threatens major waterway in fight against U.S. sanctions

  • Closing the Strait of Hormuz is very easy for Iranian naval forces. Iran has comprehensive control over the strategic waterway.
  • Iranian Adm. Habibollah Sayyari • Claiming that Iran has the ability to close the Strait of Hormuz, a major waterway that’s extremely important for the distribution of one-sixth of the world’s oil. Sayyari’s threats come as Iran worries that the U.S. and its allies will start to sanction Iran’s all-important oil supply out of frustration with the country’s controversial nuclear program. Congress recently passed a bill to sanction the country’s central bank, which Obama plans to sign despite having misgivings about the effects it might have. As tensions continue to rise over Iran’s nuclear program, could military action become an option for the U.S.? source

06 Mar 2011 21:24

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U.S.: Obama’s thinking of pulling oil from our backup supply

  • problem Gas prices are rising rapidly, as a result of the drama going on in the Middle East at the moment. Oh no, $4 a gallon? Whatever shall we do? Society will fail miserably without cheap petrol in our tanks!
  • solution? Obama’s considering tapping into our strategic oil reserves, according to White House chief of staff, William Daley. Whew. All this excitement! Where is our fainting couch when we need it? source

25 Jul 2010 22:04

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World: Hugo Chavez ready to turn off the U.S.’ oil hose over Colombia

If the Venezuelan leader thinks that the U.S. is helping escalate tensions between his country and Colombia, that’s it. No more oil. Citgo? More like Cit-gone. source