Iran shuts off oil to 6 countries.

[powderman]

http://www.wave3.com/story/16941838/iran-defies-west-cuts-off-oil-to-6-countries
 
 
The nutjob is really pushing it. POWDERMAN. 

[Swift One]

In response to the sanctions, Iran announced Wednesday it would cut off oil supplies to six European countries: the Netherlands, Spain, Italy, France, Greece and Portugal.

Exactly why we need to stop being so dependant on the middle east for oil.

[yellowtail3]

The nutjob is really pushing it. POWDERMAN. 

What - Iran isn't kowtowing quickly enough? Does that make their Pres a... nutjob? It's their oil, they can sell it to anyone they want to sell it to. Why should they sell to folks they view as hostile to their interests? So they won't be called nutjobs, or so they won't have a war launched against them?

[crustylicious]

The articles headline and the facts are somewhat divergent! Another lame attempt to generate hysteria!
We get about 25% of our oil from the Middle East, 10% if you exclude our buddies, the Saudi's
http://macromon.wordpress.com/2011/02/24/u-s-dependent-on-middle-east-oil-think-again/

[powderman]

In response to the sanctions, Iran announced Wednesday it would cut off oil supplies to six European countries: the Netherlands, Spain, Italy, France, Greece and Portugal.

Exactly why we need to stop being so dependant on the middle east for oil.

 
YEP, and obama said NOOOO to the pipeline right here. POWDERMAN. 

[yellowtail3]

YEP, and obama said NOOOO to the pipeline right here. POWDERMAN. 

Pipeline won't have much bearing on what Iran sells (I'm in favor of that pipeline, by the way).


Again - Powderman - will you share your view of why the Iranians should sell oil to folks they view as hostile to their interests?

[Nuke41]

Iran can sell their oil to anyone they want to, but good luck on getting paid if this happens:
 
http://news.yahoo.com/u-pushes-eu-swift-eject-iran-banks-000845771.html
 
"Kicking Iranian banks out of the Belgium-based SWIFT, or Society for Worldwide Interbank Financial Telecommunication, would cut off one of the only remaining avenues for Iran to transact business with the rest of the world".
 

[Swift One]

I have no problem with Iran deciding who they are and are not going to sell oil too.  I just think it's way past time to start utilizing our own resources and stop fighting wars over other people's resources.
 

It's their oil, they can sell it to anyone they want to sell it to.
 

 
  Not a fan of Iran, but I dont think they are in no way Obligated to sell their oil to anyone.

[SwampThing762]

Yes, we should develop our own domestic oil supply.  We will then not be slaves to the Islamic empire of oil, which supports the efforts people who want to kill Americans, Jews, and any non-Muslims.  Also, if we develop our own resources it helps reduce the shock of oil price spikes.

ST762

[Nuke41]

Maybe Iran should be worried about selling oil and feeding its people instead of a nuclear program:
 
http://www.ibtimes.com/articles/294376/20120207/iranian-buyers-defaulted-payments-india-rice-western.htm
 
     "Iranian buyers have defaulted on payments for about 200,000 tonnes of rice from their top supplier India, exporters and rice millers said on Tuesday, a sign of the mounting pressure on Tehran from a new wave of Western sanctions".

[SwampThing762]

Food riots in Iran?  Excellent.      maybe we should send container ships of pot belly pigs -- food source and renewable energy program.   

ST762

[powderman]

Food riots in Iran?  Excellent.      maybe we should send container ships of pot belly pigs -- food source and renewable energy program.   

ST762

 
HEH. Not sure how good pigs can swim but I'd love to see several thousand hitting the beach at the same time. POWDERMAN. 

[mirage1988]

Im confused-
When american refineries produce oil, it is sold on "the world market" but iran can pick and choose its customers?

[Swift One]

When american refineries produce oil, it is sold on "the world market"

We need to keep our own stuff.  Let the rest of the world figure out where to get there go juice. 

[powderman]

When american refineries produce oil, it is sold on "the world market"

We need to keep our own stuff.  Let the rest of the world figure out where to get there go juice.

 
I sure agree with that. POWDERMAN. 

[gypsyman]

It's all Bush's fault!! gypsyman

[yellowtail3]

When american refineries produce oil, it is sold on "the world market"

We need to keep our own stuff.  Let the rest of the world figure out where to get there go juice.

I sure agree with that. POWDERMAN. 

Betcha don't agree it the same thing is said by an oil exporter...

[BUGEYE]

If we were to get serious about energy independence, the arabs would notice and the prices would come down.
they're not too worried about our solar and wind projects.
drilling needs to restart, including ANWR.

[powderman]

It's all Bush's fault!! gypsyman

 
GYPSYMAN. Now ya done it, the secrets out. 
BUGEYE. YEP, thats why obama said NOOOO to the pipeline, it would help us and hurt his brothers. POWDERMAN. 

[BUGEYE]

If we were to get serious about energy independence, the arabs would notice and the prices would come down.
they're not too worried about our solar and wind projects.
drilling needs to restart, including ANWR.

.
Do you know what 'closed loop' nuclear energy is?....Iran may be designing 'closed loop' boiling reactors......this will definitely get them bombed, too.  Carter, a nuclear engineer, outlawed 'closed loop reactors' by an executive ortder....that of course was one of many acts of war against the American people. Because of this executive order and the direction the nuke energy went in the USA, only 150 smart bombs could wipe out the USA for eternity.  So do You want to talk satan....??.....
.
...TM7

uh, what does all that have to do with our need to become OIL independent.

[lakota]

Hmmm this sounds like a european problem so let Europe fight the war with Iran over it.

[teamnelson]

The 6 countries targeted pose no military threat, but are at the bottom end financially in the EU. By targeting them, they de facto have targeted the entire EU who is presently shouldering the debt burden of those 6.  This was designed to undermine the Greece bailout, and cut the last thread off of Portugal, et al. Iranians aren't stupid - this was strategically chosen.

[BBF]

....................Iranians aren't stupid - this was strategically chosen.

A number of folks here haven't figured that out and BTW. They are Muslims but not Arabs.

[Gary G]

It is my understanding that they cut off oil only to England and France because they were poking them the hardest. It was in response to the EU reporting that they would sanction oil imports from Iran beginning July 1st. Iran will sell their excess capacity to India and China in the respective currencies and trade for food. This plan might backfire on Europe in their scramble to evade the economic crisis of the PIGGS. At any rate, both the US and EU have greatly increased liquidity in the past four months. Such money printing usually flows into stocks and commodities first. That is your real reason for the increase in gas prices. Gas is not going up, the dollar is going down. At some point the higher fuel prices will lead to a rollover in the economy.

[BBF]

 Mostly thanks to the continued meddling in other peoples business I'm paying  CN $ 5.18 per US gal now.

[m-g Willy]

Food riots in Iran?  Excellent.      maybe we should send container ships of pot belly pigs -- food source and renewable energy program.   

ST762

You stepped across the line!
Sending pigs to Iran!
That's just wrong.
Don't you know that a pig wouldn't lower itself to walk upon vermin ground?