ajtj99's Market Pulse

[mrmoneykb]

Oil. Read H.R 362(House of Reps.)

"Resolved by the House of Representatives (the Senate concurring)"

Especially note: "prohibiting the export to Iran of all refined petroleum products"

On the Senate side

H. CON. RES 362

"(3) demands that the President initiate an international effort to immediately and dramatically increase the economic, political, and diplomatic pressure on Iran to verifiably suspend its nuclear enrichment activities by, inter alia, prohibiting the export to Iran of all refined petroleum products; imposing stringent inspection requirements on all persons, vehicles, ships, planes, trains, and cargo entering or departing Iran; and prohibiting the international movement of all Iranian officials not involved in negotiating the suspension of Iran's nuclear program; and"

Look who sponsored. Forget the political rhetoric. This calls for a blockaid of Iran. An act of war!! And the price of oil???

http://thomas.loc.gov/cgi-bin/query/z?c110:H.CON.RES.362:

http://thomas.loc.gov/cgi-bin/query/z?c110:S.RES.580:

GL

Mrmoneykb