Word: oil
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...importance of direct negotiations on this issue cannot be understated. The current diplomatic approach to Iran’s nuclear ambitions is overwhelmingly dependent on economic sanctions and is simply not effective. This is due to the volatile state of global energy markets, particularly crude oil. Since Tehran relies on oil exports for 85 percent of its foreign exchange revenue, UN sanctions can be rendered meaningless by steady increases in the price of oil and gas—a trend that has reached alarming rates in the past five years...
...fact, establishing diplomatic relations with Iran would allow the US to use the rising price of oil to its advantage. Currently, Iranian oil production is barely 60 percent of what it was in 1977. This fall in production has been largely attributed to a lack of foreign investment. Without formal diplomatic relations, US companies cannot effectively do business in Iran. Similarly, US diplomats are unable to make credible promises. If the US re-establishes official relations, American oil companies—who have some of the most advanced petroleum extraction technologies in the world—could easily increase Iranian...
...Furthermore, releasing Iranian oil into the market would be positive for all parties. Rather than carrying out costly exploration for difficult-to-attain oil, Western oil companies could instead reap the benefits of relatively accessible Iranian oil. Moreover, Iran and the West would share the economic benefits of increased investment and increased oil supply...
...democratic, repressive, and relatively unfriendly government. However, considering some of the other countries from which the US purchases oil—a radically unfriendly and Soviet-esque Chavez regime in Venezuela and the notoriously absolutist monarchy in Saudi Arabia—any strategic or moral reservations about buying Iranian oil are moot points. In reality, the hardliners who oppose both developing trade with Iran and developing alternative energy sources are doing more damage to American security than re-opening our embassy in Tehran ever will...
...market, really strong balance sheets to weather problems, stable top line. Those sorts of stocks have stability in down markets, though that stability hurts you when things start taking off. Around the edges now, in October and November, we started adding some more aggressive names, like some of the oil guys which bounced real hard. We bought Anadarko. We bought Valero. We put about 10% of the portfolio in those types of names. Eventually we'll have 40 or 50%, but where the consumer is going needs to play out before we get more aggressive. (See the worst business deals...