Monday, February 11, 2008

This is saber rattling, nothing more nothing less

Fact is neither country can afford to be at war, the domestic economies are in shambles and this is with oil at $90 a barrel. They are trying to get negotiating leverage, thats all.

Iran is to launch two more rockets into space in the next few months, President Mahmoud Ahmadinejad announced on Monday, after a firing of a rocket earlier this month sparked international concern.

"Two other rockets will be launched so that we can then send a satellite into space," Ahmadinejad said at a rally in Tehran broadcast live on state television.

"We home that Iran's first home-produced satellite will be launched in the summer," he added, reiterating a prediction made by other Iranian officials who said the satellite would be launched in May.

CARACAS, Venezuela (AP) - President Hugo Chavez on Sunday threatened to cut off oil sales to the United States in an "economic war" if Exxon Mobil Corp. wins court judgments to seize billions of dollars in Venezuelan assets.

Exxon Mobil has gone after the assets of state oil company Petroleos de Venezuela SA in U.S., British and Dutch courts as it challenges the nationalization of a multibillion dollar oil project by Chavez's government.

A British court has issued an injunction "freezing" as much as $12 billion in assets.

1 comment:

Morty said...

But Ahmadinejad denies the Holocaust, he is just like Hitler and Sadaam. Right?

Moishe you must some damn hippie who won't vote for McCain because you hate America. How dare you talk realpolitik!