Desert Report: Chavez: Oil price will hit $200 if Iran attacked

Oil could more than double in price if the US attacks Iran as tensions continue to escalate between Washington and Tehran according to Hugo Chavez, Venezuelan President.

The comments come as rhetoric between the Islamic republic and the US has intensified in recent weeks concerning the intentions of Iran's controversial nuclear program.

Iranian President, Mahmoud Ahmadinejad, has repeatedly defended his nation's sovereign right to pursue nuclear power for peaceful purposes while Bush has called for tougher action from the international community.

Iran is a key oil producer, exporting about 2.5 million barrels per day.


Inside Prince Alwaleed's Flying Palace

Prince Alwaleed bin Talal could soon be doing business in a US-designed luxury VIP boardroom when he takes delivery of his A380 superjumbo in 2010.

Airbus announced Monday that the Saudi billionaire, the world’s 13th-richest man, had become its first private customer for the $320 million jet. The buyer’s identity had been one of the biggest mysteries in aviation for months.

Alwaleed refused to be drawn on customization plans for the ‘Flying Palace’, but Edese Doret Industrial Design unveiled images of an A380 interior (pictured) earlier this year, which it created for a ‘prospective customer.’
The company declined to comment on whether the customer was from the Middle East, however images of a VIP board/dining room showed background map monitors in Arabic script with Dubai the destination.

Edese Doret was unavailable for comment at the time of writing, but should its design fall short, Alwaleed could turn to Hamburg-based designer Lufthansa Technik, which has also designed an Airbus 380 for private clients. Its model includes king-sized beds, en-suite bathrooms, office and ‘wellness area’ along with a modern galley and buffet.


Picture caption
US design firm Doret Industrial unveiled its plans for Flying Palace earlier this year.


Recent travel advisory to the United States .

If you have plans of going to the U.S., please take precautionary measures on all 'padalas,'

1. fake/pirated compact discs/DVDs.
2. Fake Bags like Louis Vuitton, Coach, etc.
2. Pirated books especially reference books

Please remember even ONE pirated item can jeopardize your trip. Also, the fingerprinting system has successfully been instituted in all port of entries. I suggest you bring extra identification cards in addition to your passport to facilitate your entry in the US Immigration. I hope this is helpful to you.