ZEITGEIST: THE MOVIE | 2007 (HD)
Connecting the dots between the price of oil, Iran China, the Strait of Hormuz, and U S Electric Cars.
Located between Oman and Iran, the Strait of Hormuz connects the Persian Gulf with the Gulf of Oman and the Arabian Sea Hormuz is the largest world oil choke point because of its daily oil flow nearly 17 million barrels in 2011, up from 15 5-16 of 0000000 bbl in 2009-2010 flows through the Strait in 2011 were roughly 35 percent of all oil traded by sea, almost 20 percent of oil traded worldwide image with the permission and USEIA legend.
Start your engines Gents - a bottleneck is straight ahead China really doesn t want US-led sanctions against Iran to implement because these sanctions would stifle a key crude oil supply of China 85 oil passing Hormuz choke point just south of Iran, headed for the Asie Brookings offers a clear explanation However, uncertainty still looms large commitment from China to these policies motivated by economic interests, and sympathy for the grievances of Iran, China is the only major player still active in Iran oil patch whereas companies from most other countries have declined due to international pressure and the business climate unfavorable to Iran, China and its companies only adhere to the letter of resolution 1929, which contains no explicit restrictions on energy investment or com commerce in China has emerged as the linchpin of the international sanctions regime against Iran and, by extension, of the effort to prevent Iran from acquiring a nuclear capability I heard the b eltway pundits declare that Iran threatens to retaliate by closing the worlds largest oil choke point is typical bravado and it won t happen because Iran needs the money the other hand, a partial throttling would enhance global oil prices, the maintenance of an Iranian distribute income and put pressure on fuel prices stateside SUV drivers.
Black Swan prospects If this happens just before the US presidential election in November 2012, can you imagine how it rile neoconservatives and election debates go far from the employment growth How military expenditure would rise again derail the budget cutting rhetoric.
Wall Street already sees the opportunity to exploit the opportunity, as Deputy Chief Information MSN Money says After enjoying months of cheaper fuel, Americans are about to experience more pain at the pump due of crude oil speculation and market manipulation.
The only good thing that could potentially grow out of a little pinch Hormuz would be greater interest of American consumers in EV's and hybrids This interest would accelerate the arrival of a US auto fleet more sustainable, even if the share of EV market grew just 12, as appears to be the potential of the current peak market by quoting blog peak Oil a recent USA today Gallup poll in the United States suggested that 57 Americans would not consider buy an electric vehicle, no matter what the price, in fact, only 12 would consider an electric vehicle if gas prices rose above US 5 a gallon.
Connecting the dots between oil prices in Iran China the Strait of Hormuz and U, connection points, price.