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Thread: Iran Stops Oil Sales to Britain and France.....

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    Iran Stops Oil Sales to Britain and France.....

    TEHRAN (Reuters) - Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday, in a retaliatory measure against fresh EU sanctions on the Islamic state's lifeblood, oil.

    The European Union in January decided to stop importing crude from Iran from July 1 over its disputed nuclear program, which the West says is aimed at building bombs. Iran denies this.
    Iran's oil minister said on February 4 that the Islamic state would cut its oil exports to "some" European countries.

    The European Commission said last week that the bloc would not be short of oil if Iran stopped crude exports, as they have enough in stock to meet their needs for around 120 days.

    Brent crude oil prices were up $1 a barrel to $118.35 shortly after Iran's state media announced last week that Tehran had cut oil exports to six European states. The report was denied shortly afterwards by Iranian officials.

    EU's new sanctions includes a range of extra restrictions on Iran that went well beyond U.N. sanctions agreed last month and included a ban on dealing with Iranian banks and insurance companies and steps to prevent investment in Tehran's lucrative oil and gas sector, including refining.....snip~

    http://news.yahoo.com/iran-stops-oil...124556230.html

    Looks like we will break 4 dollar gas this year. France and the Brits said they had stock for a 120 days looking at the July date. Iran just up'ed the pressure back on the EU. As we knew that the Saud stated they would make up for the offset. The point is they cannot with Iran doing something like this in return.

    Also I would note before Bush left office and we were allegedly shown the Brink of the Abyss. That the the Saudi's did this then too. Which led to many of the economic problems that hit the globe. As the Saud had produced a heavy type oil that no one could use or be refined down to gasoline grade oil. The stuff they had put was so heavy that even diesal was having problems with it.

    Now image that at the dawning of the info about how the global markets were going to fall. Once again there was hardly any focus by the MSM on the issue and only afterwards by like 2 yrs did they released any type of info that I had seen on it. Think the Saudis wanted any attention on their major screw up?

    This comes at the time that the Iranians are saying yeah, sure lets talk now. After the assassination attempts and Israel releasing statements that the Iranians already have 4 bombs.

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    Iran's actions are those of a petulant child. Cutting off oil to the EU when the EU has said they won't buy any more. The higher prices will mean more money going to countries other than Iran. It stinks that the prices are so high but at least Iran will be getting less profit from the U.S. and her allies.

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    Quote Originally Posted by Conley View Post
    Iran's actions are those of a petulant child. Cutting off oil to the EU when the EU has said they won't buy any more. The higher prices will mean more money going to countries other than Iran. It stinks that the prices are so high but at least Iran will be getting less profit from the U.S. and her allies.

    Not to mention they thought the Greeks had stopped all their buisness dealings with Iran. Only to discover they have not. 27 Nations in the EU only count for 18% of Irans output to the EU anyways. But I think this will affect Britain and France even moreso that all are thinking.

    The Brits are in recession and going thru stagflation. The French are slowly biting the bullet.....finally. As they and the Brits just had their Credit Ratings down-graded by Moodys. With more to come. The French moreso than the Brits as their Uber spending just doesnt stop.

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    I didn't know that about the Greeks, but I'm not surprised at all.

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    Never fails Iran always seems to be making moves on Sunday. Hence the other threads I have put up on them.

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    Seems like a symbolic gesture to me.
    Whoever criticizes capitalism, while approving immigration, whose working class is its first victim, had better shut up. Whoever criticizes immigration, while remaining silent about capitalism, should do the same.


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    Althought the piece does say the EU went well past the what the UN did. Which means that we did the same thing going beyond what the UN was willing to do. With regards to sanctions that is. Symbolic gesture stopping their OIL to France and the Brits? Or always creating bullshit on Sundays?

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    We are the reason that we are dependent on oil. I have zero sympathy. http://energyvictory.net/

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    Quote Originally Posted by MMC View Post
    Althought the piece does say the EU went well past the what the UN did. Which means that we did the same thing going beyond what the UN was willing to do. With regards to sanctions that is. Symbolic gesture stopping their OIL to France and the Brits? Or always creating bullshit on Sundays?
    Stopping their oil to France and the UK. Seems like an empty gesture.
    Whoever criticizes capitalism, while approving immigration, whose working class is its first victim, had better shut up. Whoever criticizes immigration, while remaining silent about capitalism, should do the same.


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    Quote Originally Posted by Mister D View Post
    Stopping their oil to France and the UK. Seems like an empty gesture.
    How so? Both counted on all orders and stockpiles for 120 days. Which was to last to July they were saying. But if Iran shuts down all contracts now and doesnt wait for their beginning enbargo date. Then why wouldnt it affect them?

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