While Iran Threat Keeps Oil Elevated, U.S. Stocks and Dollar Slip

This article has 9 comments:

•  
  DaveinHacken
  sack

  Jul 01 05:31 PM

  My Website
  <I>"What a surprise to see a totally unexpected expansion in US manufacturing activity, that is according to the ISM report released Tuesday."</I&g...
  
  It shouldn't be a complete surprise that the weak dollar would help spur American manufacturing exports. It's this increase in exports that has kept us out of a recession so far.
•  
  Reinko

  Jul 01 05:40 PM
  Upon Iran:
  
  Finally OPEC is talking some sense and we must not forget that the latest time the Iranians went on an agressive war was somewhere in the 19th century...
  
  Until now there is no quantum of proof that the Iranians are indeed building nuclear weapons, I follow this for years and there is not one quantum of proof.
  
  There is only stupid talk by stupid generals.
  
  Beside this many years ago I explained to the Iranians how to build bunkers that could withstand the US bunker busters.
  Lately the USA had a brand new model of far bigger bunker busters but in case the Iranians have followed my bunker building advices the new bunker busters are not a real threat.
  The trick is very simple: Since bunker busters are very 'needle like' shaped all you have to do is destabilize the tip of the weapon at impact.
  
  __________
  
  On the paragraph 'US Manufacturing Improves':
  
  In the first place the reported 50.2 in some vague statistic falls inside the white noise range, that means it is not statistical significant.
  In the second place, it is related to exports so it has nothing to do with local USA demand.
  When the US$ declines it is rather logical exports climb...
  
  
•  
  Ames
  Tiedeman

  Jul 01 05:58 PM

  My Website
  I think the probability that we bomb Iran is high. Bush is 2/3 of the way to defeating his enemies: Saddam, North Korea, and Iran. Saddam is dead, and North Korea just blew up their nuclear cooling tower. All that is left is Iran. Bush will not leave office with the Iranians winning.
•  
  Buddy Fox

  Jul 01 07:15 PM
  Hey Grace,
  You're smoking hot, so how about we discuss this further over a fine bottle o' Bollinger?
•  
  Alpha Seeker

  Jul 01 09:46 PM
  First off, if Bush was a CEO of a company that brings down the dollar 70% versus major currencies and the markets go nowhere for 7 years, I would think about firing the guy - before the term ends. O no, we are too lazy to to do that. Well, welcome to the newly competitive world where no dumb competitors exist, but fast, smart, hardworking countries with no big army expenses.
•  
  Merger Mania

  Jul 01 10:17 PM
  I guess that's all Bush can do is saber rattle against Iran. This saber rattling has been going on for more than 2 years, and the only thing that happens is that oil keeps climbing higher. Bush keeps the price of oil elevated , so that his buddies in the oil business can reap more profits. If the U.S. and Israel, the greater the profits for Big Oil.
•  
  Buddy Fox

  Jul 02 02:58 AM
  I think in general it's an extremely poor indictment on the upper echelons of American 'management' when you have can elect someone like Bush as president. No doubt in other positions of significance...say... US investment banks, people of equally gross incompetence slime their way to the top 80's style, with similar levels of horrendous outcomes.
•  
  Joe

  Jul 02 05:26 AM
  As far as the oil price and wars are concerned:
  Rupert Murdoch, Boss of News Corp made an interesting prediction
  in 2003:
  (articel in the UK Guardian)
  
  Murdoch praises Blair's 'courage'
  
  * Julia Day
  * The Guardian,
  * Wednesday February 12, 2003
  ....He said the price of oil would be one of the war's main benefits. "The greatest thing to come out of this for the world economy, if you could put it that way, would be $20 a barrel for oil. That's bigger than any tax cut in any country."
  
  Mr Murdoch's comments come just a week after he told Fortune magazine in the US that war could fuel an economic boom.
  www.guardian.co.uk/pol...
•  
  MiMi

  Jul 02 12:40 PM
  The world is a high tension place, and what is happening to the dollar?
  Spiking sharply higher as uncertainty would have caused it to do in the past? No. It's slipping. Thanks, Ben, for continuing on the same course as the catatonic, sleep-walker who preceded you, Greenspan, and for keeping America on the fast track to third-world status.