And if they managed to keep it cut continuously for half to one year
2007-01-31 22:22:15 · 15 answers · asked by Hansinchina 2 in Politics & Government ➔ Other - Politics & Government
Short answer really is nothing - We do not import from either of those countries as it stands. Longer answer you were looking for: Short term pandemonium. Longer term solving our energy problems. We have the means to do that already you know, just not the will. That would kick start us in a hurry, and would probably be best over all.
Question for you though: If those two countries did that. what do you think OPEC would do? Once that genie is let loose from the bottle, there is no stuffing it back in you know. Are they ready to cede the world oil market to another energy source?
-Dio
2007-01-31 22:33:37 · answer #1 · answered by diogenese19348 6 · 0⤊ 0⤋
First of all Iraq will not cut off their oil supply, and neither would Iran.
The reason for this is simple, Iraq has a government appointed by the U.S.A, Iran's economy is mainly dependant on oil.
Lets just say they both did at the same time for half to one year, then Venezuala and other countries will be exporting 95 percent of its oil procuction to the U.S... The U.S. might also open up some of its reserves.
But before they do this there will be embargos on Iran and Iraq, applied by the U.N. but strongly backed by the U.S.
2007-01-31 23:33:55 · answer #2 · answered by Anonymous · 0⤊ 2⤋
Not too much on US. But will have strong effect on china, japan and some europian countries. Iran has stopped its oil supply once around 1952 for almost one year. For others information, Iran indirectly helped US to return democracy to Iraq as Saddam was Iran's enemy.
2007-01-31 23:09:48 · answer #3 · answered by kamran K 1 · 0⤊ 0⤋
We don't purchase oil from Iran or Iraq. There is an oil embargo against Iranian products to the US, including oil. Most of the oil in Iraq is not fully functional because of the war and insurgent attacks. Iraq wants to use their oil to finance re-building their infrastructure. We could purchase oil from a third nation who receives their oil, but that would be against the boycott placed on them. It has no bearing on us whatsoever.
2007-01-31 22:30:23 · answer #4 · answered by gone 6 · 0⤊ 0⤋
Cutting off their oil would hurt them much more. Iran and Iraq are totally dependent on oil revenue.
I am all for it, I hope they do. I will laugh.
2007-01-31 22:31:26 · answer #5 · answered by Jon H 5 · 1⤊ 0⤋
hey might besides...only one greater step in direction of Bush's Hitleresque, can there be this variety of notice, fascism...I actually have a greater effectual theory, enable's call the welfare recipients "gypsies" and euthenize the determine or mom and dad and use the infants for stem cellular analyze....absurd, of direction, yet taking any infants faraway from the organic mom and dad is basically as absurd...you be attentive to, given the suited factors, the infants can develop into effective individuals of society...with out, hey you the two supply it now or while they develop into maximum human beings, they're going to come and take it...and with American greed, that is going to ensue until now than later...a Canadian observer.
2016-11-02 01:00:45 · answer #6 · answered by quinteros 4 · 0⤊ 0⤋
Since the supply of oil would be decreased, economic theory says prices of gas and oil would rise.
2007-01-31 22:30:57 · answer #7 · answered by Kilroy 4 · 0⤊ 0⤋
Iran would lose their ability to supply those insurgents in Iraq with weapons because they'd go broke...
2007-01-31 22:30:40 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Not much. The US gets most of its oil from Mexico and Canada, contrary to popular belief.
2007-01-31 22:25:12 · answer #9 · answered by TE 5 · 0⤊ 0⤋
Iraq would be the 51st state and Iran would be it's parking lot.
2007-01-31 22:27:01 · answer #10 · answered by ? 6 · 0⤊ 0⤋