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Crude oil ought to be $150 per barrel: Iran

Reuters from the Iranian Students' News Agency -- Benchmark Brent crude prices rose to nearly $118 a barrel on Friday, stoking fears that surging energy costs could harm fragile economic growth. Days earlier, Saudi Oil Minister Ali al-Naimi said he was worried by high prices and the kingdom would take steps to moderate them.

Iranian oil officials say oil prices are still fairly low and deny there is any danger of current prices hampering growth.

Iranian oil minister Rostam Qasemi said on Sunday crude oil ought to be at least $150 per barrel, the Iranian Students' News Agency (ISNA) reported.

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Submitted Sep 17, 2012 By: Metrolizer

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honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Sep 22, 2012 12:40:44 AM Ignore honda0105 Report Abuse knutz, cool. All of them?
EricBrazil Champion Author Miami Posts:2,127 Points:470,525 Joined:Nov 2011	Message Posted: Sep 21, 2012 8:28:59 AM Ignore EricBrazil Report Abuse E
EricBrazil Champion Author Miami Posts:2,127 Points:470,525 Joined:Nov 2011	Message Posted: Sep 21, 2012 8:28:58 AM Ignore EricBrazil Report Abuse E
knutzAL Champion Author Alabama Posts:2,248 Points:372,680 Joined:Feb 2012	Message Posted: Sep 21, 2012 8:27:25 AM Ignore knutzAL Report Abuse Mikeyl........Elephants do now fly.
honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Sep 20, 2012 10:07:32 PM Ignore honda0105 Report Abuse Iranian leaders are crazy anyways.
Amtrgas Champion Author Oakland Posts:2,678 Points:1,620,820 Joined:Dec 2007	Message Posted: Sep 18, 2012 3:31:49 PM Ignore Amtrgas Report Abuse That is why IRAN has to be kept in check. Let them control the Energy market, and the working class will suffer.
NedW Champion Author Indianapolis Posts:5,609 Points:1,141,270 Joined:Mar 2008	Message Posted: Sep 18, 2012 5:57:08 AM Ignore NedW Report Abuse Wait 'til QE3 hits. That'll get it there, and beyond, I fear.
nb52 Champion Author Grand Rapids Posts:7,775 Points:1,545,875 Joined:Nov 2008	Message Posted: Sep 18, 2012 4:37:15 AM Ignore nb52 Report Abuse I think this administration agrees with Naimi.
52MPG Champion Author Dayton Posts:7,257 Points:1,740,730 Joined:Apr 2006	Message Posted: Sep 18, 2012 3:36:17 AM Ignore 52MPG Report Abuse At $150.00 per Barrel alternatives will be used.
1972Pinto Champion Author Wisconsin Posts:189,098 Points:280,580 Joined:Aug 2012	Message Posted: Sep 17, 2012 11:22:45 PM Ignore 1972Pinto Report Abuse ya like the us will do anything. another, wait till November.
us4usa Champion Author Missouri Posts:5,984 Points:1,111,375 Joined:May 2008	Message Posted: Sep 17, 2012 10:28:06 PM Ignore us4usa Report Abuse "Khatibi said U.S. and European governments should focus on solving their deep structural issues such as huge budget deficits, rather than blaming rising oil prices for their problems." That hurts, guess everyone can see inside a glass house...
Aviator_Rob Champion Author New York Posts:3,795 Points:412,565 Joined:Mar 2012	Message Posted: Sep 17, 2012 10:15:44 PM Ignore Aviator_Rob Report Abuse Sorry @tidalwave3, Big Oil has other plans. "Drill, baby, drill!" to them means "Export, baby, export!" China will be collecting that oil and we'll still be paying through the nose at the gas pump.
Aviator_Rob Champion Author New York Posts:3,795 Points:412,565 Joined:Mar 2012	Message Posted: Sep 17, 2012 10:13:26 PM Ignore Aviator_Rob Report Abuse "Iran should not be on the earth???" Who do you intend to send for that mission? Notice that the U.S. is already a little busy in that part of the world?
Aviator_Rob Champion Author New York Posts:3,795 Points:412,565 Joined:Mar 2012	Message Posted: Sep 17, 2012 10:11:03 PM Ignore Aviator_Rob Report Abuse "Squash Iran like a bug?" You mean like how we did that in Iraq?
Aviator_Rob Champion Author New York Posts:3,795 Points:412,565 Joined:Mar 2012	Message Posted: Sep 17, 2012 10:10:05 PM Ignore Aviator_Rob Report Abuse Iran doesn't have missiles that can hit the U.S., @snakebitef22. Now Israel, on the other hand...
rahcat Champion Author Grand Rapids Posts:2,463 Points:661,975 Joined:Jan 2010	Message Posted: Sep 17, 2012 10:10:01 PM Ignore rahcat Report Abuse The West should squash Iran like a bug.
radiorumor Champion Author Texas Posts:2,802 Points:752,660 Joined:Feb 2011	Message Posted: Sep 17, 2012 10:07:10 PM Ignore radiorumor Report Abuse Don’t guess I’ll be buying any oil from Iran
NoStrings Champion Author Ventura Posts:1,387 Points:271,280 Joined:Aug 2011	Message Posted: Sep 17, 2012 10:04:04 PM Ignore NoStrings Report Abuse what
EVBuddy Champion Author Nevada Posts:16,685 Points:3,030,620 Joined:Sep 2004	Message Posted: Sep 17, 2012 10:00:29 PM Ignore EVBuddy Report Abuse Iran is greedy
J4romeo All-Star Author Gary Posts:506 Points:1,214,925 Joined:Jan 2006	Message Posted: Sep 17, 2012 9:58:53 PM Ignore J4romeo Report Abuse stick the greedy ppl..:)
Mikeyl Champion Author Cleveland Posts:5,147 Points:1,184,395 Joined:Aug 2004	Message Posted: Sep 17, 2012 9:57:39 PM Ignore Mikeyl Report Abuse Anyone can say anything and make the news. Elephants should be able to fly.
snakebitef22 Veteran Author Corpus Christi Posts:447 Points:31,520 Joined:Mar 2009	Message Posted: Sep 17, 2012 9:56:03 PM Ignore snakebitef22 Report Abuse LOL what do they know , they just want to get more money for their oil so they can buy nuclear weapons to fire at us USA...
clermont40miles Champion Author Cincinnati Posts:10,562 Points:1,770,920 Joined:Apr 2008	Message Posted: Sep 17, 2012 9:54:10 PM Ignore clermont40miles Report Abuse Iran wants destruction. $150 per bbl ought to do that.
bobdec Champion Author Miami Posts:8,959 Points:1,768,845 Joined:May 2008	Message Posted: Sep 17, 2012 9:54:09 PM Ignore bobdec Report Abuse Iranian oil minister Rostam Qasemi is very greedy
SavALot Champion Author Virginia Beach Posts:8,464 Points:1,710,635 Joined:Apr 2005	Message Posted: Sep 17, 2012 9:50:58 PM Ignore SavALot Report Abuse ummmm who cares what Iran has to say at this point
N4PIP All-Star Author Miami Posts:894 Points:417,480 Joined:Jan 2012	Message Posted: Sep 17, 2012 9:50:58 PM Ignore N4PIP Report Abuse Who cares what Iran thinks? In America, we don't buy their oil anyway.
texasvet Champion Author Texas Posts:3,823 Points:360,120 Joined:Jul 2009	Message Posted: Sep 17, 2012 9:50:22 PM Ignore texasvet Report Abuse Yeah, I'm sure the Iranians would love to get Brent to $150. It would sure help us generate more interest in drilling for sub-$100 oil here.
mlmeng Champion Author Michigan Posts:1,628 Points:590,045 Joined:Mar 2011	Message Posted: Sep 17, 2012 9:49:47 PM Ignore mlmeng Report Abuse The Iranian oil minister is entitled to his opinion. Saudi Arabia needs to step in.
carloco75 Champion Author Richmond Posts:3,711 Points:599,390 Joined:Oct 2010	Message Posted: Sep 17, 2012 9:46:33 PM Ignore carloco75 Report Abuse "ought to..."
MDTDriver Champion Author California Posts:9,724 Points:2,154,645 Joined:Jul 2006	Message Posted: Sep 17, 2012 9:44:36 PM Ignore MDTDriver Report Abuse And Iran should be not on the earth.
Blue48 Champion Author Illinois Posts:7,300 Points:1,636,970 Joined:Feb 2007	Message Posted: Sep 17, 2012 9:43:12 PM Ignore Blue48 Report Abuse FORGET IRAN!
Aviator_Rob Champion Author New York Posts:3,795 Points:412,565 Joined:Mar 2012	Message Posted: Sep 17, 2012 9:42:32 PM Ignore Aviator_Rob Report Abuse Who is the "We" that you're talking about, @monarch57? Big Oil sets the prices around here.
Aviator_Rob Champion Author New York Posts:3,795 Points:412,565 Joined:Mar 2012	Message Posted: Sep 17, 2012 9:40:56 PM Ignore Aviator_Rob Report Abuse Iran is worried that the world can survive without their oil.
bonzoonfmb Champion Author Florida Posts:1,777 Points:643,610 Joined:Feb 2010	Message Posted: Sep 17, 2012 9:39:32 PM Ignore bonzoonfmb Report Abuse The Iranian government has ulterior motives.
acknot Champion Author Seattle Posts:1,628 Points:873,445 Joined:Sep 2003	Message Posted: Sep 17, 2012 9:38:58 PM Ignore acknot Report Abuse Right on Trolsen!
monarch57 Champion Author British Columbia Posts:1,625 Points:135,500 Joined:Nov 2008	Message Posted: Sep 17, 2012 9:35:10 PM Ignore monarch57 Report Abuse What a bunch of IDIOTS in Iran let them pay it ,we should be charging $60 a barrel and no more if they want the ecomony to strengthen.
tidalwave3 Champion Author Tallahassee Posts:1,299 Points:1,462,650 Joined:Jun 2008	Message Posted: Sep 17, 2012 9:32:45 PM Ignore tidalwave3 Report Abuse If it goes to $150 and Obama is gone, I believe we start drilling and XL Pipelining to self-sufficient. THE WAY IT SHOULD BE and let China pay $150 :)
acknot Champion Author Seattle Posts:1,628 Points:873,445 Joined:Sep 2003	Message Posted: Sep 17, 2012 9:32:27 PM Ignore acknot Report Abuse The only thing that should be at $150 is the bounty on Qasemi's head!
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Sep 17, 2012 9:32:26 PM Ignore Jeeputtputt Report Abuse omG, here we go...shutup...
trolsen Rookie Author Utah Posts:17 Points:133,070 Joined:Jan 2012	Message Posted: Sep 17, 2012 9:31:42 PM Ignore trolsen Report Abuse Those towel heads can drink their oil as far as I'm concerned.
tidalwave3 Champion Author Tallahassee Posts:1,299 Points:1,462,650 Joined:Jun 2008	Message Posted: Sep 17, 2012 9:30:53 PM Ignore tidalwave3 Report Abuse IRAN wants US buried, so no surprise here :(
Marson Champion Author Scranton Posts:8,937 Points:2,076,960 Joined:Oct 2006	Message Posted: Sep 17, 2012 9:28:09 PM Ignore Marson Report Abuse This does not make any sense.
ot4kidz Champion Author Cleveland Posts:1,565 Points:783,780 Joined:Jan 2010	Message Posted: Sep 17, 2012 9:23:56 PM Ignore ot4kidz Report Abuse Great. The speculators will now push the prices up...self-filling destiny.
nwsynthetics Champion Author Oregon Posts:1,014 Points:345,075 Joined:Dec 2011	Message Posted: Sep 17, 2012 9:23:25 PM Ignore nwsynthetics Report Abuse Let them do $150. we aint buying. We dont need to buy from them.
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Sep 17, 2012 9:23:11 PM Ignore mstearno Report Abuse we need an energy positive president
brutherruther Veteran Author Fort Worth Posts:435 Points:237,540 Joined:Mar 2012	Message Posted: Sep 17, 2012 9:21:56 PM Ignore brutherruther Report Abuse Ok
wayoung56 Champion Author Alabama Posts:2,795 Points:817,360 Joined:Oct 2006	Message Posted: Sep 17, 2012 9:21:16 PM Ignore wayoung56 Report Abuse I suppose they would take all the extra profit and build more uranium enrichment facilities -- boycott Iranian oil!!!
libertyut Champion Author Utah Posts:1,344 Points:290,650 Joined:Mar 2012	Message Posted: Sep 17, 2012 9:19:17 PM Ignore libertyut Report Abuse We shouldn't buy any of there oil.
DriverofRed Champion Author Calgary Posts:2,173 Points:411,885 Joined:Dec 2011	Message Posted: Sep 17, 2012 9:18:53 PM Ignore DriverofRed Report Abuse k
pgerassi Champion Author Milwaukee Posts:10,891 Points:2,130,630 Joined:Apr 2007	Message Posted: Sep 17, 2012 9:15:48 PM Ignore pgerassi Report Abuse Crude oil should be more like $30-40/brl given world economy.