Worthington Energy, Inc. (fka WGASQ)

[xZx]

Iranian Minister Predicts Oil Price Rise With Sanctions

http://www.bloomberg.com/news/2012-05-19/iranian-minister-predicts-oil-price-rise-with-sanctions.html

"Iranian Economy Minister Shamseddin Hosseini said international oil prices will rise under sanctions designed to persuade the Persian Gulf nation to abandon its nuclear program."

and he goes on...

"Oil prices might go as high as $160 per barrel if the European Union goes ahead with a July 1 embargo, Hosseini told CNN’s “Fareed Zakaria GPS” in an interview scheduled to air tomorrow."

seems to me like we're setting up for a very intense summer in the energy markets. here's a bit more perspective:

http://www.iranfocus.com/en/index.php?option=com_content&view=article&id=25204:iran-finance-minister-rest-assured-record-oil-prices-over-nuclear-sanctions&catid=4:iran-general&Itemid=26

http://www.cnbc.com/id/47382551