As if the market needed another bizarro catalyst to ramp even higher courtesy of an even more pronounced drop in corporate earnings courtesy of soaring energy costs, that is just what it is about to get following news of further deterioration in the Nash equilibrium in Iran, where on one hand we learn that IAEA just pronounced Iran nuclear talks a failure (this is bad), and on the other Press TV reports that the Iran army just started a 4 day air defense exercise in a 190,000 square kilometer area in southern Iran (this is just as bad). The escalation "ball" is now in the Western court. And if Iraq is any indication, after IAEA talks "failure" (no matter how grossly manipulated by the media), the aftermath is usually always one and the same...[The IAEA news is being highlighted at CNN, the New York Times and other MSM sites, likewise the Iranian government "threats" to carry out preemptive strikes]

Picasso Moon wrote:http://www.zerohedge.com/news/iran-holds-air-defense-drills-iaea-says-iran-blocks-access-key-nuclear-site
Tyler Durden, 2/21/12.

As if the market needed another bizarro catalyst to ramp even higher courtesy of an even more pronounced drop in corporate earnings courtesy of soaring energy costs, that is just what it is about to get following news of further deterioration in the Nash equilibrium in Iran, where on one hand we learn that IAEA just pronounced Iran nuclear talks a failure (this is bad), and on the other Press TV reports that the Iran army just started a 4 day air defense exercise in a 190,000 square kilometer area in southern Iran (this is just as bad). The escalation "ball" is now in the Western court. And if Iraq is any indication, after IAEA talks "failure" (no matter how grossly manipulated by the media), the aftermath is usually always one and the same...[The IAEA news is being highlighted at CNN, the New York Times and other MSM sites, likewise the Iranian government "threats" to carry out preemptive strikes]

Little Joe wrote:This is the likely scenario for neutralizing Iran and unless China or Russia sets up a huge laser weapon to defend against it there''s nothing they or Iran can do to stop it.In fact tungsten glows in Light bulbs so I doubt this weapon can be stopped! The Area hit will be a wasteland in Iran's backyard for centuries! Iran better get the into 21st century before they start screwing with The Illuminati. I am just saying not making a case from right and wrong. Might makes right is a worldly expression used by the military which is only a power trip thing.Yoda said it best war makes no one great!


http://www.popsci.com/scitech/article/2004-06/rods-god

Place the rods atop intercontinental ballistic missiles, which would slow down enough during the downward part of their trajectory tiso avoid vaporizing on impact. ICBMs would also be less expensive and, since they’re stationed on Earth, would take less time to reach their targets.

P.s. Old Dennis from Oregon knew about this years ago.Anybody know where that hair brain prophet is?

little joe

Picasso Moon wrote:http://www.zerohedge.com/news/iran-holds-air-defense-drills-iaea-says-iran-blocks-access-key-nuclear-site
Tyler Durden, 2/21/12.

As if the market needed another bizarro catalyst to ramp even higher courtesy of an even more pronounced drop in corporate earnings courtesy of soaring energy costs, that is just what it is about to get following news of further deterioration in the Nash equilibrium in Iran, where on one hand we learn that IAEA just pronounced Iran nuclear talks a failure (this is bad), and on the other Press TV reports that the Iran army just started a 4 day air defense exercise in a 190,000 square kilometer area in southern Iran (this is just as bad). The escalation "ball" is now in the Western court. And if Iraq is any indication, after IAEA talks "failure" (no matter how grossly manipulated by the media), the aftermath is usually always one and the same...[The IAEA news is being highlighted at CNN, the New York Times and other MSM sites, likewise the Iranian government "threats" to carry out preemptive strikes]

UPDATE 1-Greek refiner says replacing Iranian oil is easy

Feb 23 (Reuters) - Greek refiner Hellenic Petroleum, which heavily relies on Iranian oil supplies, said on Thursday replacing those deliveries would be "easy" and alternative grades from Saudi Arabia, Iraq and Russia were being considered.

Hellenic needs to find an alternative for Iranian oil before European sanctions kick in on July 1. The Greek refiner said that imports from Iran made up around 30 percent of its oil supply over the year.

Data from Eurostat suggests the proportion may have increased in the latter half, rising to 58 percent in the third quarter.

But Chief Financial Officer Andreas Shiamishis said he did not expect the embargo to present a major issue, although he acknowledged the company was "enjoying open credit terms."

The terms likely to be offered by suppliers of heavy grades that may act as substitutes after July 1 are likely to be far less generous.

A string of outages has already flipped former budget crudes to a premium to light grades and some countries are looking as far afield as South America to replace their Iranian supplies.

Greece's precarious financial situation may present Hellenic with another headache.

In addition to finding suitable grades, traders and analysts say the refiner's limited access to credit may further complicate the process of replacing Iranian crude.

"I tried working on that (supplying Hellenic) but I could not take the risk. It is out of my league," said an oil marketing manager based in London.

International nuclear inspectors reported on Friday that Iran was moving rapidly to produce nuclear fuel at a deep underground site that Israel and the United States have said is virtually invulnerable to attack.
The report by the International Atomic Energy Agency indicated that for the first time Iran had begun producing fuel inside the new facility in a mountain near the holy city of Qum. The agency’s inspectors found in their most recent visits that over the past three months Iran has tripled its production capacity for a type of fuel that is far closer to what is needed to make the core of a nuclear weapon. The report about progress at the new facility is likely to inflame the debate over whether Iran is getting closer to what Israel’s defense minister, Ehud Barak, calls entering “zone of immunity.” The phrase refers to a vaguely-defined point beyond which Iran could potentially produce weapons fuel without fear of an air attack that could wipe out its facilities.

pamela wrote:this sounds a bit important I think.
Atomic Agency Says Iran Is Making Fuel at Protected Site
http://www.nytimes.com/2012/02/25/world/middleeast/atomic-agency-says-iran-is-making-fuel-at-protected-site.html

International nuclear inspectors reported on Friday that Iran was moving rapidly to produce nuclear fuel at a deep underground site that Israel and the United States have said is virtually invulnerable to attack.
The report by the International Atomic Energy Agency indicated that for the first time Iran had begun producing fuel inside the new facility in a mountain near the holy city of Qum. The agency’s inspectors found in their most recent visits that over the past three months Iran has tripled its production capacity for a type of fuel that is far closer to what is needed to make the core of a nuclear weapon. The report about progress at the new facility is likely to inflame the debate over whether Iran is getting closer to what Israel’s defense minister, Ehud Barak, calls entering “zone of immunity.” The phrase refers to a vaguely-defined point beyond which Iran could potentially produce weapons fuel without fear of an air attack that could wipe out its facilities.

what do you guys think?

pamela wrote:this sounds a bit important I think.
Atomic Agency Says Iran Is Making Fuel at Protected Site
[url]
http://www.nytimes.com/2012/02/25/world ... -site.html[/url]

International nuclear inspectors reported on Friday that Iran was moving rapidly to produce nuclear fuel at a deep underground site that Israel and the United States have said is virtually invulnerable to attack.
The report by the International Atomic Energy Agency indicated that for the first time Iran had begun producing fuel inside the new facility in a mountain near the holy city of Qum. The agency’s inspectors found in their most recent visits that over the past three months Iran has tripled its production capacity for a type of fuel that is far closer to what is needed to make the core of a nuclear weapon. The report about progress at the new facility is likely to inflame the debate over whether Iran is getting closer to what Israel’s defense minister, Ehud Barak, calls entering “zone of immunity.” The phrase refers to a vaguely-defined point beyond which Iran could potentially produce weapons fuel without fear of an air attack that could wipe out its facilities.

what do you guys think?