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Iran's nuclear program pushes oil & gas prices higher

GasBuddy Blog -- Former U.S. Secretary of State Henry Kissinger knows that the pursuit of peace often requires artful negotiation as well as heavy lifting. He chooses his words with extreme discernment and precision.

When the 89-year old statesman spoke recently at the World Economic Forum in Davos, Switzerland he seemed to have delivered a less than subtle criticism of U.S. policy toward Iran which has been rich on rhetoric but lacking any identifiable action to deter President Ahmadinejad’s uninterrupted nuclear weapons pursuit.

BBC quoted Kissinger as follows: “There has emerged in the region the current and most urgent issue of nuclear proliferation. For 15 years, the permanent members of the United Nations Security Council (UNSC...

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Submitted Feb 13, 2013 By: PD
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Veteran Author Alberta

Joined:Jan 2012
Message Posted: Feb 19, 2013 11:38:25 AM

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Champion Author Tallahassee

Joined:Nov 2008
Message Posted: Feb 17, 2013 5:54:45 AM

Iran is still not going to be a major player. As for Kissinger, he was born in Germany (with a semi-shady past) and isn't even a US citizen. Germany traded w/ Iran (esp. Siemens) while the latter held US citizens in captivity.
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Champion Author Los Angeles

Joined:May 2007
Message Posted: Feb 15, 2013 5:32:20 PM

thorman52, the only thing we will agree on is to agree to disagree.

>>You wrote, "First off, the President of the United States does not run this country alone. And if you want answers about cooperation or lack thereof, just go to the Congressional Record for the past 4 years."
Really? Obama has ruled the last 4 years like he is a dictator. For example, when cap-and-trade failed to pass in Congress, you said, "There is more than one way to skin that cat." And he proceeded to force it on us through the EPA. He has dictated law through executive orders rather than go through Congress when executive orders are only to be used for policy within his own Executive Branch of government. It is NOT for making law. Then of course there was his illegal 6-month moratorium on drilling in the Gulf of Mexico for which he still stands in contempt of court. Most recently he was cited for illegal appointments he made while the Senate was still in session. I could go on, but you should get the point that he acts like he is the sole ruler of this country. What seems to be your definition of "cooperation" is to roll over dead and allow whatever Obama wants regardless of how wrong it is. It has nothing to do with As for the Congressional Record, please tell us how Obama reached across the aisle.

During Obama's first 2 years, he held control of BOTH HOUSES of Congress and rammed through all of his legislation without any compromise or "cooperation" by him or by DemocRATs with the minority party. He had a filibuster-proof Senate part of that time, and a few liberal Republicans to help him the rest of the time. The only times he had trouble with this was when his legislation was too far left even for some in his own party. He refused to accept anything from Republicans. For example, not a single proposal by Republicans was accepted into what we now call Obamacare. Note that he ran in 2008 as being someone who was going to "reach across the aisle" and "be a uniter," but he never attempted to do any of that.

After Republicans took control of the House in 2011, Obama again continued his "my way or the highway" attitude on legislation. He still does. The DemocRATs maintained tight control in the Senate because Obama's comrade Harry Reid refused to allow any debate or votes on over 20 (I stopped counting at 20) bills that were passed in the House.

Almost everything you wrote is so far out there, it would take pages and a lot of my time to address each point, but I will try to be brief in reply.

>>You wrote, "I am left of center for sure, green as hell, but far from an extremist. And I am not at all hateful."

"Not at all hateful" is debatable based on what you wrote. "Only rhetoric and prejudice." I backed up what I wrote with specific claims in my earlier posts on this article. Prejudice? Based on what do you make that outrageous claim?

All you have to do is read what you wrote to see your hate: "closed minded, unpatriotic, ultra-right wing, Tea Party philosophy that Mr. LA, and people like him/her, bring to the table. NO cooperation. NO analytical thought processes. NO solutions to bring to the table but, 'what's in it for me' and 'let my people do it'. Only hate and criticism. Unfortunately, there are more of these type people out there and they are dangerous." Your own words spell it out. Your comments are both hateful and extreme.

>>You wrote, "For you to say Obama’s lack of leadership is backed up by standard news stories and books is absurd. What exactly is a standard news story? Is that FOX news or CNN news?"
Do I have to spell out every story and book for you? Mainstream media, ABC, NBC, CBS, CNN, Fox News, NY Times, Washington Post, etc. There were several books, but a couple come to mind right away. There were a few by the liberal journalist Bob Woodward and another book by a NY Times journalist that was titled something like "Leading from Behind." I gave a few specific examples of his lack of leadership.

>>You wrote, "My way or the highway? No. Not that extreme but somebody has to step up to the plate and lead when others just obstruct the governmental process for political gain."

These statements themselves confirm your extremism, unless you are just completely ignorant of what has happened in the last 4 years. So what do you call Obama's refusal to compromise or to accept any suggestions, amendments or bills from Republicans? How many times has Obama compromised or accepted anything from Republicans? Extending the Bush tax cuts for 2 years in Dec 2010 was one. Even in raising the debt ceiling, Republicans had to compromise a lot more than Obama did. Any other compromise by Obama? No. Obama's budget proposals were unanimously rejected by Congress in 2011 and 2012. Do you blame Republicans for every DemocRAT's rejection of it too? What did only Republicans obstruct that you feel deserved support by them?

>>You wrote: "We are taxed enough for sure. But it’s taxes that pay the bills and what’s needed is a more equitable taxation. The Tea Party is not for fair taxation but the propagation of the trickle-down theory. Leave the corporations alone and they’ll create jobs and we’ll all prosper. Yeah right. It didn’t work for Hoover and it won’t work today."

Washington has a spending problem, not a revenue problem. By the way, how did Harry Reid get to be a multimillionaire on a senator's salary?

One problem is that your definition of "equitable taxation" versus what really IS equitable are probably very different. Equitable would be when EVERYONE pays. Not everyone pays income tax. [Put aside any arguments about payroll and medicare taxes because we don't have unlimited space and time to discuss those subjects.] What we are talking about here is income tax.

The TEA party IS for fair taxation, but probably not YOUR definition of fair. They also support less government spending. The TEA party is primarily composed of grass roots middle class people. You imply that they are a small group of elite wealthy people, and that could not be further from the truth. The PRIVATE SECTOR, not government fuels the economy. Small business is responsible for creating 2/3 to 3/4 (depending on the reference source) of new jobs in this country. You cannot get there by inceasing taxes and by providing disincentive to employers. If you were a business, you would hire fewer people if you were taxed higher and regulated more. How can you argue against that?

Whether you believe it or not, reducing taxes on the wealthy provides job growth and produces greater revenue to the feds. The amount of that reduction is not unlimited, but so far Washington has not found the point where a tax rate cut is not effective in increasing revenue. Unemployment is reduced and the economy grows as a result.

JFK understood this and cut taxes -- revenue to the feds increased. Reagan and Bush cut taxes and revenue to the feds increased. Even looking at the Clinton years, the economy was essentially flat after he raised taxes in 1993. Very little revenue was gained from increasing taxes. In fact, the balanced budgets of the Clinton years didn't occur until after a Republican Congress passed and Clinton reluctantly signed a 1997 tax bill that lowered the capital gains rate from 28% to 20%, added a child tax credit, and established higher limits on tax exclusion for IRAs and estates. The budget balanced because Republicans in Congress held down spending and cut taxes. The economy grew more and tax revenue increased as a result of these tax cuts. Even Truman cut marginal tax rates in 1945 which caused the economy to soar to full employment.

***I suggest you read something of history about Hoover and FDR. You should go look up this stuff instead of swallowing the lies that Obama put out on the campaign trail about Hoover.****

Hoover INCREASED both taxes and government spending. He did not decrease either one. There was the Smoot-Hawley Tariff in 1930 which imposed a tariff on imports to provide revenue, to regulate commerce with foreign countries, to encourage the industries of the United States, and to protect American labor, among other purposes. [That sounds remarkably like what many liberal DemocRATs who post on this website want to do.] Then retaliatory tariffs reduced our exports and imports by more than half.

Hoover asked for a temporary tax increase in June 1932 to help balance the federal budget (sound familiar?). He raised the top income tax rate from 25% to 63% and quadrupled the lowest tax rate from 1.1% to 4%. Revenue from individual income tax dropped from $834 million in 1931 to $427 million in 1932 and $353 million in 1933. Hoover also INCREASED CORPORATE TAXES and postal rates, imposed many sales taxes, excise taxes and several new taxes. The result of these tariffs and taxes were a double-dip recession, skyrocketing unemployment, and lower revenue to the feds in taxes. The reality is that your "trickle-down theory" term NEVER applied to Hoover, who raised taxes on everyone, particularly the top wage earners and corporations. So your claim that "it didn’t work for Hoover and it won’t work today" is bogus since Hoover's tax policies more closely resemble Obama's tax policies.

Your "trickle-down theory" is only used as a pejorative by liberals and not by real economists. However, cutting taxes has worked every time it was done in growing the economy and raising revenue for the feds. The obvious reason is that people spend and/or invest their money more wisely and efficiently than the government does. Jobs are created by the private sector which produce more tax revenue. You cannot grow an economy by raising taxes.

FDR took office in 1933 and ended the tariffs in 1934, and Hoover's temporary tax increase also ended. The economy improved slightly and lowered unemployment from 25 percent in 1934 to 15 percent in 1937 due to slight increase in economic activity. The recovery didn’t last because FDR raised taxes sharply in 1937 in an attempt to balance the budget. Once tax increases took effect, the economy collapsed into another recession which lasted into WWII.

FDR continued Hoover's government programs but under different names. They were still the same economic policies and programs. Both Hoover and FDR tried to get us out of the Great Depression by funding public works projects and other government programs. They didn't work. Ultimately it was WWII that restored the economy.

>>You wrote:
"As a sidebar: Does anyone really realize how much a billion dollars is? It’s 1,000 million. Hey, that’s a lot of money. This country has approximately 1,200 billionaires according to Forbes magazine. Of that
1,200, about 88 have 10 billion or more. Let me be one of those billionaires and I’d definitely give a few more millions to help out. But the majority of the middle-class pay a higher percentage of their income in taxes. Fair? Many of these billionaires have gone on record as saying they’d gladly pay more in taxes."

Your numbers are WAY OFF! The total number of billionaires in the entire world in 2012 is 1,226. The USA only has 425 of them.

So what is your point? If you took away all of their wealth through taxes, you still would not pay for the budget deficit. Take someone like Buffet or Gates for example. Most of their wealth is in ownership of stocks, bonds, property, businesses, etc. Try to cash those out and you will have destroyed the economy and cost millions of people their jobs. We don't (and should NOT HAVE) an economy that is based on making people pay what they can afford. We don't charge separate prices to people more than we charge to lower income people. Try that at a grocery store or movie theater and see what happens.

Our tax system is outrageously progressive and regressive at the top end.

About 47 percent of households pay no income tax. Based on 2009 data (the latest that is available), the top 1 percent pay almost 37 percent of all income taxes; the top 10 percent pay almost 71 percent (they earn only 43 percent of the total income); the top 25 percent pay over 80 percent; and the top 50 percent pay almost 98 percent. The bottom 50 percent pay only 2.25 percent of income taxes but earn 13 percent of total income.

Even if you accepted a wildly hypothetical scenario that you could tax millionaires at 100 percent of their income, you could only fund the government for 2.5 months in 2009 (the last year that tax data is available). That would be much less today since there are fewer income earners making a million or more and the cost to run the government has gone way up. In reality you would get far less revenue at that tax rate and probably a stagnant or shrinking economy.

Change the scenario to taxing 100 percent of income of those making $500K or more per year for 2009, and we still would have had a budget deficit in 2009 of $839 billion. But these are hypotheticals that would never work as well as these numbers give because those tax rates would never achieve that much revenue.>> You wrote: "Much of your post was spent justifying torture. Have you, or do you know anyone that has been tortured? I have not been tortured but I do know one person that I worked with that was during Vietnam. Sorry, I will not even think of yielding on that point. Terrorists, thugs, scum of the earth they are, but still human beings. Is that what we have become, a nation hell-bent on reliving the atrocities of WWII. There are other ways to get information. Also, due process is one of the principles that this country was founded upon."

FIRST, I did not justify torture. I justify the use of waterboarding on certain individuals that could give us information that will save lives. I dispute that it is torture, and I dispute that any other enhanced interrogation technique even remotely resembles torture. You are dreaming if you think that "there are other ways to get information." Maybe you think he just needs a hug and a little love instead?

Due process to terrorists is given through military tribunals like it has in every other war. Terrorists do not belong in our civilian courts. You exaggerate everything in your statements. WE DON'T TORTURE. Waterboarding is NOT TORTURE. You still have not responded to WHAT you call torture. Have you ever seen waterboarding? Do you even know what it is? I have seen it. It could have been performed on me during training, but instead I was one of the lucky ones who only observed it. I DID experience other enhanced interrogation techniques during training though, and those are NOT TORTURE EITHER. Torture is what POWS like John McCain experienced in Vietnam. You cannot remotely compare that torture or your "atrocities of WWII" to enhanced interrogation techniques. Also, never mind that we have done it to only 2 or 3 terrorists.

Obama thinks that depriving an American of his life by targeting and blowing him up without due process is OKAY, but you cannot waterboard a foreign terrorist who is well known to be responsible for thousands of Amercian deaths like KSM was. It looks like you think the same way. I would prefer to be waterboarded than blown up. You prefer to be blown up? Regardless, I would never expect you to admit to anything, especially since you know little about the subject.

>>You wrote:
"I voted for Obama as a lesser of the two evils, the most experienced, the most caring of the people (corporations are NOT people), the most intelligent, progressive, visionary, most honest, of the candidates presented on the ballot. He’s not perfect by any means and I’m not in concert with him on many issues. But until we have more than two parties of which to choose, we’ll be status quo forever. Saw a bumper sticker once that read: “What this nation needs is a lot more statesmen and a lot less politicians.” How true that be. But money runs the show. And who has the money? The envelope please…"

LOL. You have nothing to support those claims. Obama's last 4 years as president and his entire political career dispute all of that. “Most experienced” at what?? He has never run a business; has never hired anyone to earn a profit; has never done anything that benefited the economy. When he ran for president in 2008, he had zero experience in foreign affairs and national security. His only real job was supposedly teaching constitutional law, but apparently he either does not know the law or chooses to ignore it. The rest is just too funny.

[Edited by: Alaydown at 2/15/2013 7:36:56 PM EST]
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Champion Author Fort Worth

Joined:Aug 2007
Message Posted: Feb 15, 2013 7:09:06 AM

Quote PangOn comments a few minutes ago "Iran is a pain in the ass" with Iran our #1 enemy with their leader full anti-American working on "The Bomb" we kiss his ass and he is Obuma's "Good Buddy". We are in Big Trouble here, and it ain't about gas prices.
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Champion Author Twin Cities

Joined:Nov 2009
Message Posted: Feb 14, 2013 11:25:35 PM

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Champion Author New York

Joined:May 2009
Message Posted: Feb 14, 2013 11:05:33 PM

Interesting article, thanks for posing!
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Champion Author Ann Arbor

Joined:Mar 2011
Message Posted: Feb 14, 2013 10:58:11 PM

Iran nuclear program or not, speculators would find a way to raise the prices anyway
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Sophomore Author Wisconsin

Joined:Jan 2013
Message Posted: Feb 14, 2013 7:17:24 PM

Don't we have our own gas we can get
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Champion Author Phoenix

Joined:May 2012
Message Posted: Feb 14, 2013 5:25:19 PM

Screw Iran. And screw Big Oil.
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Champion Author Detroit

Joined:Apr 2006
Message Posted: Feb 14, 2013 3:17:21 PM

Any excuse will jack up the pump prices.
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Champion Author Virginia Beach

Joined:Feb 2011
Message Posted: Feb 14, 2013 2:48:35 PM

well that is a new twist. I say stop buying there over priced oil
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Champion Author Grand Rapids

Joined:May 2007
Message Posted: Feb 14, 2013 2:16:12 PM

not speculators? really?
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Champion Author Arizona

Joined:Nov 2008
Message Posted: Feb 14, 2013 1:55:42 PM

F Iran
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Champion Author Cleveland

Joined:Sep 2011
Message Posted: Feb 14, 2013 1:40:04 PM

better be on the outlook for atomic bomb
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Champion Author Oklahoma City

Joined:Apr 2011
Message Posted: Feb 14, 2013 12:49:40 PM

If he could live to be be 140 he would probably apologize for this too.
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Champion Author New York

Joined:Mar 2004
Message Posted: Feb 14, 2013 12:18:34 PM

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Champion Author San Diego

Joined:Jul 2008
Message Posted: Feb 14, 2013 10:48:57 AM

Because the Obiminator is a Muslim, no one in Washington D.C. can or will talk out against the Muslim countries. The Government, (See Obiminator) still has not brought the former Army Major Nisan Nadall, or how ever you spell his name, The Fort Hood Shooter that Killed 14 Army personnel and one unborn baby to trial. No one has even herd of or seen him in a very long time, Yet when a White man, Tim McVeay, blows up the Federal Building in Oklahoma City, they found him in days, tried him, sentenced him to Death, and in about a year from the Deed, He was put to death for his crimes. Where is Justice NOW??????????

[Edited by: rodzilla123 at 2/14/2013 12:50:38 PM EST]
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Champion Author Stockton

Joined:May 2009
Message Posted: Feb 14, 2013 10:41:48 AM

Israel is our Friend. It sounds like Kissenger knows what he is talking about this time. Yep, those who stand with Israel and the Jewish People will be blessed. Those who turn their face and hearts away from the God of Abraham Issac and Jacob will be sorry.
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Champion Author British Columbia

Joined:Aug 2011
Message Posted: Feb 14, 2013 10:33:09 AM

Not looking very good.
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All-Star Author London

Joined:Feb 2011
Message Posted: Feb 14, 2013 10:28:03 AM

Iran is a pain in the ass.
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Champion Author Portland

Joined:Aug 2006
Message Posted: Feb 14, 2013 10:27:28 AM

Iran's nuclear program pushes oil & gas prices higher? Excuse after another Excuse... Everything seems to push the price of oil and gas up: Iran, Israel, Sneeky, speculators, manipulators, banks, world market, a camel fart somewhere in the distance – who really knows the real reason or everything combined together is. The things that happen in the world and the reaction to them.
Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices.
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! These resources are Not to be exported without taking care of the domestic market first.
'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down! Sneeky's spending gone wild does more hurt than help and does not help the economy. Another four more years until there is some kind of relief to this suffering weak economy.
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
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Champion Author Milwaukee

Joined:Nov 2010
Message Posted: Feb 14, 2013 10:27:00 AM

We need OBummer to do something about Iran!
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Champion Author Mississippi

Joined:Sep 2006
Message Posted: Feb 14, 2013 10:25:49 AM

they have not cared what we thought for almost forty years.
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Champion Author Ottawa

Joined:Feb 2011
Message Posted: Feb 14, 2013 10:23:35 AM

OPEC leaders, including Venezuela's Hugo Chavez and Iran's Mahmoud Ahmadinejad, are already openly discussing raising the price of oil to $200 a barrel or more. In that case, Americans' oil tribute will rise to $1.8 trillion per year, paid to an evil cartel whose total worldwide extortions will cost the global economy more than $7 trillion. If we want to avoid complete economic defeat, we need to destroy the oil cartel.
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Champion Author Wisconsin

Joined:Jan 2012
Message Posted: Feb 14, 2013 10:22:51 AM

Dropping oil prices do nothing to (or sometimes raise) gas prices.

But, WHOA, if oil goes up, GAS prices MUST go up with them.
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Champion Author Saskatchewan

Joined:Jan 2009
Message Posted: Feb 14, 2013 10:20:45 AM


[Edited by: dasAuto at 2/14/2013 12:21:08 PM EST]
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Champion Author Massachusetts

Joined:Mar 2011
Message Posted: Feb 14, 2013 10:18:57 AM

hooray for Henry the K.
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Champion Author Lancaster

Joined:Nov 2011
Message Posted: Feb 14, 2013 10:18:38 AM

Old news. Israel will solve Iran's "nuclear" program with one of their own!
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Champion Author Allentown

Joined:Sep 2011
Message Posted: Feb 14, 2013 10:17:44 AM

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Champion Author Milwaukee

Joined:Feb 2010
Message Posted: Feb 14, 2013 10:17:20 AM

why? We are producing so much here now!
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Mr Tex
Champion Author Dallas

Joined:Jan 2004
Message Posted: Feb 14, 2013 10:16:42 AM

Is there ANYTHING that does not account for rising gas prices?
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Sophomore Author South Carolina

Joined:Dec 2007
Message Posted: Feb 14, 2013 10:16:34 AM

any excuse to rape the motoring public
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Champion Author Spokane

Joined:Oct 2006
Message Posted: Feb 14, 2013 10:14:30 AM

well it sure looks like what they realy want to do is give our government a excuse to go to war with them or to step in if someone else does
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Champion Author Riverside

Joined:Jun 2001
Message Posted: Feb 14, 2013 10:12:02 AM

Now we know.
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Champion Author Jacksonville

Joined:Dec 2007
Message Posted: Feb 14, 2013 10:11:20 AM

Well that explains it
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Champion Author Oklahoma City

Joined:Jul 2005
Message Posted: Feb 14, 2013 10:10:01 AM

Anything to push the price up.
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Champion Author North Carolina

Joined:Oct 2009
Message Posted: Feb 14, 2013 10:09:16 AM

I'm wondering when Israel will strike Iran. It's just a matter of time.
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Champion Author Toronto

Joined:Feb 2007
Message Posted: Feb 14, 2013 10:07:36 AM

Always a reason to go up
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Champion Author South Carolina

Joined:Sep 2011
Message Posted: Feb 14, 2013 10:06:32 AM

Just another EXCUSE for the specuthieves to run the price up. And the toothless CFTS doesn't have the nadds to reign them in.
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Champion Author Grand Rapids

Joined:Jan 2012
Message Posted: Feb 14, 2013 10:06:20 AM

As much as I dislike Iran, they don't have anything to do with this unless all the speculators live there . . .
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Champion Author Baltimore

Joined:Aug 2004
Message Posted: Feb 14, 2013 10:05:07 AM

Not Iran - sole responsibility of the speculators.
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Sophomore Author San Bernardino

Joined:Oct 2012
Message Posted: Feb 14, 2013 10:05:01 AM

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Champion Author KW

Joined:Oct 2012
Message Posted: Feb 14, 2013 10:04:29 AM

only in books
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Champion Author Texas

Joined:Feb 2011
Message Posted: Feb 14, 2013 10:04:23 AM

It's the speculators pocketing money causing us to pay more.
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Champion Author British Columbia

Joined:Jun 2010
Message Posted: Feb 14, 2013 10:02:48 AM

Spin doctors at work. Make a war hero look like a bum and make a bum look like a hero.??? If they can do that, nothing is impossible.
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Champion Author Detroit

Joined:Aug 2006
Message Posted: Feb 14, 2013 10:00:39 AM

It seems that any excuse can be used to raise prices.
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Champion Author Virginia

Joined:Jul 2008
Message Posted: Feb 14, 2013 9:58:44 AM

Speculation being used by commodity traders to push the price higher...
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Champion Author Cincinnati

Joined:Nov 2011
Message Posted: Feb 14, 2013 9:57:29 AM

no way, what a bunch of crock
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Champion Author Dayton

Joined:Apr 2011
Message Posted: Feb 14, 2013 9:55:56 AM

Another excuse to raise prices.
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Champion Author Milwaukee

Joined:Aug 2005
Message Posted: Feb 14, 2013 9:55:35 AM

Sounds like just another excuse
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Champion Author Dayton

Joined:Jun 2004
Message Posted: Feb 14, 2013 9:54:42 AM

bull----bull----and----more bull!
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