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

  1. #11
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    Quote Originally Posted by MMC View Post
    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?
    They aren't buying it anyway. It's just 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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  2. #12
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    They were buying it up until July. Contracts paid for already. But now will not be honored by Iran. So they won't be getting those shipments they thought they were.

  3. #13
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    Quote Originally Posted by MMC View Post
    They were buying it up until July. Contracts paid for already. But now will not be honored by Iran. So they won't be getting those shipments they thought they were.
    Oh well. I doubt that's going to send France and Britain into turmoil. Honeslty. I think this is nothing.
    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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    Yeah....not like it will add to their economic woes they are experiencing now. I mean their gas prices are high already. As they also sell by the Liter not just the gallon. But maybe your right. Maybe it won't even cause those gas prices to go higher. Moreover I am sure the Brits can at least afford to pay the upmark. Since they all up with that brent Crude.

    I see Dutch Shell has scaled back. But it don't look like they quit all buisness with Iran. Kinda Like the Greeks.

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    I think you credit Iran with more leverage than they actually have. If Iranian oil was important to the economies of France or Britain do you honestly believe they would place this embargo?
    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 MMC View Post
    They were buying it up until July. Contracts paid for already. But now will not be honored by Iran. So they won't be getting those shipments they thought they were.
    Those amounts may be in escrow, or the French and U.K. governments may have access to Iranian government assets which they can also seize.
    Last edited by Conley; 02-19-2012 at 04:46 PM.

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    Quote Originally Posted by Conley View Post
    Those amounts may be in escrow, or the French and U.K. governments may have access to Iranian government assets which they can also seize.

    How they going to sieze what hasnt been shipped? Product wise that is. As I am sure they can get their money back one way or another.

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    Quote Originally Posted by MMC View Post
    How they going to sieze what hasnt been shipped? Product wise that is. As I am sure they can get their money back one way or another.
    Yeah I just meant money or the equivalent. I don't think they're getting that oil. Good thing for Europe that Shell and BP are doing so well in Iraq. They are dominating there.

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    Quote Originally Posted by Mister D View Post
    I think you credit Iran with more leverage than they actually have. If Iranian oil was important to the economies of France or Britain do you honestly believe they would place this embargo?

    The EU is falling a part. Both economies are headed towards the ways of the PIGS. So anything that affects ones economy with trade. Oil Embargo's and other buisness ventures will naturally affect ones economies. Gas is already rising. Oil will continue to rise.

    As to getting in line with what the US wanted and the US giving out vouchers to offset the loss. Yeah, I think they would jump right on it.

  10. #20
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    Quote Originally Posted by MMC View Post
    The EU is falling a part. Both economies are headed towards the ways of the PIGS. So anything that affects ones economy with trade. Oil Embargo's and other buisness ventures will naturally affect ones economies. Gas is already rising. Oil will continue to rise.

    As to getting in line with what the US wanted and the US giving out vouchers to offset the loss. Yeah, I think they would jump right on it.
    You're country is falling apart too. In any case, Iran's big move here is a non-issue. If it was, the E.U. would never have taken the steps it has. Yet more silliness from the mullahs.
    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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