Re: PFTF Feb 16 2012
Iran dares the west as it flaunts its nuke power: Oil prices touch six-month high of $120 a barrel on supply worries
Aftershocks of the bomb explosions in New Delhi and Bangkok had barely subsided on Wednesday when Iranian President Mahmoud Ahmadinejad dropped another bombshell by showcasing the country's advancements in nuclear technology - a move seen as Tehran's determination to precipitate a confrontation with the West.
Iran's claim that it has achieved major advances in its programme to master production of nuclear fuel is being seen as a defiant move in response to increasingly tough Western sanctions over its controversial nuclear programme.
Showcasing its nuclear prowess, President Mahmoud Ahmadinejad unveiled on state television what was described as Iran's first domestically produced 20-percent enriched nuclear fuel for Tehran's research reactor.
He said 3,000 more centrifuges had been added to his country's uranium enrichment effort, and officials said new-generation, high-capacity centrifuges had been installed in Iran's Natanz facility.
All this was shown live on state owned English broadcaster Press TV to accentuate the effect.
Using a split screen to show the nuclear rod placement even as he was speaking, it sent shockwaves in the hearts and minds of the western world.
Crude oil prices were virtually talked up with this war mongering scenario, ending at a six month high of $120 per barrel.
Ahmadinejad also said that uranium exploration in Iran had been stepped up and a new yellowcake processing factory would be pre-launched next month. And he ordered Iran to build four more nuclear research reactors. The Iranian President then went on to attack the Western countries for their 'double talk'.
'These are the countries which are stocking nuclear piles but preaching to others against it,' he said.
Wednesday's event caused even more concern coming as it did alongside Iran's warning that it could cut oil sales to six EU countries in a further show of resistance to international pressure.
Read more:
http://www.dailymail.co.uk/indiahome/in ... z1mXU8jECj
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In loving memory of my son Chris April 12 1985-June 19 2007
I don’t think it’s a matter of “is it coming.” I think that it’s already here, it’s just a matter of perspective. From one perspective, our frog friends are telling us that we should be grateful that the “spa” is hot and luxurious. From the cook’s perspective… another 10 minutes and we’ll be dinner.