http://www.veteranstoday.com/2012/01/09/iran-crisis-something-fishy/
I have in the caught Gordon Duff out publishing nonsense in the past but this article may have some truth to it.

Gordon in this article implies that Iranian elites are working with Western elites to artificially push up the price of oil and make huge profits.In other words this sabre rattling is to make profits from us. His intelligence also tells him that Iran has already got 6 large nukes they bought from the Ukraine when the USSR collapsed.His view is that the USA/NATO do not have the capacity to take Iran on.

One thing is certain is that a surge in the price of oil helps the powerful corporate elites and Iran.It also props up the US $ which is still the major world trading currency.So are we going to see a minor conflict in the Gulf of Hormuz to achieve that aim?

Quick question, Arjay.

The US imports over eight million barrels a day.

http://38.96.246.204/dnav/pet/pet_move_impcus_d_NUS_Z00_mbbl_m.htm

How does a rise in the price of oil benefit them?

Also, how does a price rise "prop up the US dollar?"

My question will not be well received.
But I ask it in any case.
Arjay are you a propaganda machine for one side in the middle east?
The concept you put is for me at least, laughable

One thing we know for certain is that we don't know anything. Often the ordinary Joe only becomes 'the wiser' in hindsight through the historical context. Who would have believed some of the interventionist policies of the US - which we now have knowledge - if these ideas had been proposed at the time. However that also leaves room for the lack of a conspiracy in each and every case of US involvement. How does the ordinary person discern the difference.

These events have occurred in relation to Iran recently:

1.
The US recently rescued Iranian hostages on a Somali pirate ship receiving thanks and acknowledgment from Iran.

2. The reported execution of an US/Iranian citizen (US Marine) being held in Iran a country that does not recognise dual citizenship in it's justice system.

3. The now public knowledge that Iran is enriching uranium in a secure underground facility and have been testing missiles. Their nuclear capacity has not really been a big secret.

4. Iran has stated they will continue despite the threats of oil embargoes and other sanctions.

I don't pretend to be an expert on oil economics, but would the potential embargo on Iranian supplies provide a benefit in relation to US stockpiles? Or is it detrimental to stockpiling (emergency) policies? I would tend to think the US would want to continue to stockpile given their policy history so far.

http://fossil.energy.gov/programs/reserves/

http://www.bloomberg.com/news/2012-01-09/oil-trades-near-lowest-this-year-on-rising-stockpiles-european-outlook.html

Also will the growing transition to gas energy make all this oil talk a moot point?

Pericles misses the point again.The ordinary people do not benefit in the USA.It is BP and the likes of Exxon Mobile.They don't give a stuff about the US or European economies just now.The more our economies flounder the cheaper the elites can buy our assets.

Japan and China have just agreed to circumvent the US $ and trade directly with their currencies.This will see many other countries do the same.This means that the US $ will not be propped up by international trade.

Remember that India did not send their PM to the last CHOGM meeting and Julia was told by Obama to sell Uranium to them against ALP policy.This was a sweetner to get India on side.India is a powerful force both economically and militarily.They are hedging their bets.Japan and China look like growing closer.Japan is still the 3rd largest economy on the planet.So if China,Japan ,India,Iran and Russia join forces,the morally/economically bankrupt West is looking very weak.

There comes a point whereby the corrupt despotic Western elites must stop destroying our economies or else face defeat by the East.

I'm not saying that Gordon Duff is right but knowing how ruthless and coniving these elites are,it would not surprise me.

Neat sidestep, Arjay.

>>Pericles misses the point again.The ordinary people do not benefit in the USA.<<

Although you forgot to tell me how these nefarious machinations benefit the US dollar.

>>It also props up the US $ which is still the major world trading currency<<

I'm looking forward to your explanation. I expect the words "new world order" and "Rothschild" will be in there somewhere.

Oh, but wait, here's a complication.

>>Japan and China have just agreed to circumvent the US $ and trade directly with their currencies.<<

How does that sit with "propping up the US dollar"? Oh, you are ahead of me there...

>>This means that the US $ will not be propped up by international trade<<

Hmmmm. This could get tricky. Which will it be, do you think? Propped up by the oil embargo, or not propped up by the direct currency deals?

I await your prediction with the customary - now almost traditional - holding-of-the-breath.