Video results for: gulf oilMore results from video
Who profits from Gulf oil revenues? - 22 Jun 08 A new report has detailed the staggering profits being made by the six nation Gulf Co-operation (More) A new report has detailed the staggering profits being made by the six nation Gulf Co-operation Council of Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates and Saudi Arabia.
In 2007, they earned $364bn from oil, and that's set to increase in 2008 to almost $650bn.
But who profits from those huge revenues?
Amr El Khaky reports from Saudi Arabia. (Less)
Iran says Gulf oil route at risk if attacked Iran says Gulf oil route at risk if attacked.. possible this could be the precursor to world war (More) Iran says Gulf oil route at risk if attacked.. possible this could be the precursor to world war iii and possible causing oil price to go ballistic.
"Regarding the main route for exiting energy, Iran will definitely act to impose control on the Persian Gulf and Strait of Hormuz," Jafari said of the Gulf waterway through which about two-fifths of all globally traded oil passes.
Jafari said U.S. forces were "more vulnerable than Israelis" because of their troops in the area. Iran's top authority, Supreme Leader Ayatollah Ali Khamenei, has in the past said Iran would target U.S. interests if attacked.
"Iran can in different ways harm American interests even far away," the Guards commander said.
http://www.reuters.com/article/wtMostRead/idUSBLA82623620080628?sp=true (Less)
Bookmark FilesTube
Link to FilesTube
Show your support by placing a link to filestube.com on your website and favorite forums.