I wonder if this is the crisis Joe Biden claims he knows about?

Not surprising it would be Iran that obliges Obama with his missile crisis.

Of course the Missile crisis was preceded by the Bay of Pigs.

• LYDSEXICS UNTIE!

Iran is allready in financial turmoil and inflation there is crippling. This is just hot air and chest thumping that will amount to nothing. The Arabs and Persians can't even agree to cut production to raise the price. In the current financial climate an embargo would be more devastating to them than us in the long run.

 "You will never find a more wretched hive of scum and villainy. We must be cautious. "

- Ben Kenobi on  Liberals, and the MSM.

" The Cake is a lie."   

Bluster alot.

I think we ought to shoot right back....how much can we charge them for refining their oil?  They can pump it, but they can't refine it.

Furthermore, with the global dip in the economy, people are not consuming oil, not so much as a function of its price, but as a function of guns/butter.

So, they can cut their production further...they can try, actually.  I doubt the OPEC countries will hang together on this, IIRC, some of them are in a deficit situation for the first time ever....they'll pump to cover that. 

...come largely from Canada, Mexico and Venezuela, not the middle east.  I'm not even sure which countries an embargo of Israel's other supporters (besides the U.S.) would be targeting. 

Agree with the others. Check this out, though. http://www.detnews.com/apps/pbcs.dll/article?AID=2008812310312

And I believe I read on NB that Iran gets 95% of it's gasoline from Saudi Arabia and France.

Maybe it is just time to let them have the final, decisive, all out total war in the middle east. Let it rip, no limits until a victor emerges.  

 wotsizname    At its peak the Alaska oil pipeline carried over two million barrels per day.  Now it's below seven hundred thousand and falling slowly.  Why not move to the two lots to the East of Prudoe and bring it back?  If our middle easterners (D.C. area) and the ones east of the Mediterranean  get a good chance they will destroy us.  National security and perhaps survival itself demands we become self sufficient of our enemies.   The poor polar bears?  They're already moving inland more and more, and apparently interbreeding with grizzlys again.  Drill, Baby, Drill!

Go ahead let them. It backfired in 73 and it will backfire worse now. With oil demand dramaticly dropping in 08, an arab embargo might temporarily spike prices, but that will only make demand drop even further for their Persian Perrier, making it as valuable as camel piss. It may even put the final nail in OPEC's domination as a world energy supplier.

My understanding, of the 1973 oil embargo is, it was the embargo that never was.  We had threats of embargoes, we had people say there was an embargo, so our government took pre-emptive action by going to odd-even rationing, etc., which caused a demand crunch.  There were people, because of odd-even rationing, waiting in line to get gas, because it was their day, that finally made it to the pumps and put in 2 gallons of gas.  Gas stations could go all day and not empty their tanks.  This meant that the tankers that fill those tanks didn't have to get fuel, because the stations weren't really selling as much, so the storage tanks remained full.  This lead to tankers, going around in circles off our shores, waiting to off-load their fuel.  In short, the perception of the embargo of 1973, was caused by government action and not anything the arabs did.

I was in the fuel industry at the time and that was how this was presented to me.  If anyone KNOWS anything different, feel free to put me in my place.  

Election 2008-God's way of showing us that elections count.  

I really don't expect the rest of OPEC to listen to them or take them seriously. Most of the oil producers got addicted to $140 oil and now that we are hovering around $40 they are hurting economically.

I can see Hugo Chavez thinking this is a good idea. At least for a short while.

Hey, I got the wrong "CHANGE"!

Alan Keyes / Sarah Palin - 2012

Israel has a simple reply to Iran.

Organize an "oil embargo" against the west, fools, and we'll organize the taking out of Iran's only OIL REFINERY.

See how ya like thems apples. 

"The nature of an ideology is not determined by majority vote—but by logic... The logic of environmentalism leads to a society without technology... even if various environmentalists would deny this." Ayn Rand, 1971

Uh-Oh, this just means a ton of overtime for me!  Just when I was set to coast to retirement. 

This is getting old hat.  Nothing will come of it.

Free up Israel, let them start using the billions of dollars of weapons they got from us.  Level Persia, honestly, who among us is going to miss it?

Let then try their embargo.  Sure it will be bad for oil prices in the short run but will be even more destructive to their economies, including the Russians.  As an added bonus it will make far more difficult for the dumbacrats in Congress to reimpose the drilling ban. 

"A nation which can prefer disgrace to danger is prepared for a master and deserves one."

Alexander Hamilton

Nukes will give the Iranian fascist regime carte blanche in their Jihad against Israel, and the West.  Not that they would use their nukes immediately.  But with a nuclear deterrent they will be able to more boldly support Jihadist terrorism around the world - without fear of getting thwacked. 

This is as serious as if Hitler had gotten "the bomb" in WWII.

I fear we will have to learn, yet again, the steep price of falling for a peace-at-any-cost philosophy.

If Iran does lead an oil embargo, then that would be the perfect time to strike.

With the Strait pretty much out of use - their threat of shutting it down would be meaningless.

At my local service station, the price for a gallon of gas is up by 20c. But the BP refinery in Texas City is finally at full production since Hurricane Ike. However, just TALKING about gas prices will make them go up.