• Iran cuts oil supply to UK, France
    57 replies, posted
[B]Iran has halted oil sales to British and French companies, the nation's oil ministry has said.[/B] [img]http://www.thenational.ae/deployedfiles/Assets/Richmedia/Image/SaxoPress/AD20120113114184-An%20Iranian%20oil%20.jpg[/img] A spokesman was reported as saying on the ministry's website that Iran would "sell our oil to new customers". European Union member states had earlier agreed to stop importing Iranian crude from 1 July. The move is intended to pressure Tehran to stop enriching uranium, which can be used for civilian nuclear purposes but also to build warheads. Iran insists its nuclear programme is peaceful, but the UN's International Atomic Energy Agency says it has information suggesting Iran has carried out tests "relevant to the development of a nuclear explosive device". Sunday's statement on the oil ministry website was attributed to spokesman Ali Reza Nikzad Rahbar. BBC world affairs correspondent Peter Biles says it appears to be another act of retaliation in the showdown between Iran and the West. The French news agency AFP says the decision is not expected to have a big impact. Last year France bought only 3% of its oil - 58,000 barrels per day (b/d) - from Iran and the UK imported even less Iranian oil. A UK government official told the BBC there would be "no impact on UK energy security". Some Iranian media had announced on Wednesday that Iran had stopped oil exports to the Netherlands, Greece, France, Portugal, Spain and Italy in retaliation for the EU's oil embargo, but this was later denied by the oil ministry. The EU oil embargo, agreed last month, was phased so member states that were relatively dependent on Iranian crude - notably Greece, Spain and Italy - had enough time to find alternative sources. The bloc currently buys about 20% of Iran's oil exports, which account for a majority of government revenue. However, Iran's Oil Minister Rostam Qasemi said that a cut in exports to Europe would not hurt Tehran. Oil industry sources quoted by Reuters news agency say Iran's top oil buyers in Europe have already started reducing purchases of Iranian crude. Last year Iran supplied more than 700,000 barrels per day (b/d) to the EU and Turkey, but by the start of this year that had dropped to about 650,000 b/d, Reuters reported on Thursday. France's energy giant Total has stopped buying Iranian crude and Royal Dutch Shell, one of the biggest purchasers of Iranian oil, has cut back sharply, market sources told Reuters. According to Reuters estimates, Tupras of Turkey was the biggest European customer for Iranian oil in 2011, taking about 200,000 b/d, followed by Total (100,000 b/d), Shell (100,000 b/d), Hellenic of Greece (80,000 b/d) and Cepsa of Spain (70,000 b/d). [url]http://www.bbc.co.uk/news/world-middle-east-17089953[/url]
Oh god oh man we're gonna be poor
Oh no!
It would be nice if significant progress were made to getting rid of oil dependency.
How long until there's panic buying of fuel I wonder.
Why can't nations just chill and be all buddy instead of trying to fuck each other over...
I hope people realize how dependent on oil we are nowadays. Gotta develope more alternatives..
Hopefully this will further boost our efforts to reduce dependency on oil, probably not but a man can dream.
[QUOTE=KnightSolaire;34772827]Why can't nations just chill and be all buddy instead of trying to fuck each other over...[/QUOTE] Because money religion superpower fear mongering supreme emperor of earth I think
lol Iran is only hurting itself both of these nations import <3% of their oil from Iran, it'll hardly affect anything at all
Like I've said before Where are the Saudis in all this
[QUOTE=teh pirate;34772877]lol Iran is only hurting itself[/QUOTE] oil price rise, less oil for you, new contracts in asia for them.
Canada has a metric crapton more oil than Iran does, and they're our (The US) next-door neighbors.
[QUOTE=UseLets;34772890]oil price rise, less oil for you, new contracts in asia for them.[/QUOTE] look at the numbers man. if anything we'll see an increase in US production and export, which would be very good for our economy.
[QUOTE=KnightSolaire;34772827]Why can't nations just chill and be all buddy instead of trying to fuck each other over...[/QUOTE] Because we're all led by a bunch of assholes who don't really care about their people
[QUOTE=KnightSolaire;34772827]Why can't nations just chill and be all buddy instead of trying to fuck each other over...[/QUOTE] Because dickwaving.
[QUOTE=Zillamaster55;34772906]Canada has a metric crapton more oil than Iran does, and they're our (The US) next-door neighbors.[/QUOTE] Your point? [editline]19th February 2012[/editline] [QUOTE=teh pirate;34772916]look at the numbers man. if anything we'll see an increase in US production and export, which would be very good for our economy.[/QUOTE] Huh?
[QUOTE=UseLets;34772927]Your point? [editline]19th February 2012[/editline] Huh?[/QUOTE] less oil being imported will encourage an increase in oil production at home, and we may begin exporting more oil, too, which would boost the US economy quite a bit.
[QUOTE=teh pirate;34772947]less oil being imported will encourage an increase in oil production at home, and we may begin exporting more oil, too, which would boost the US economy quite a bit.[/QUOTE] But this has nothing to do with the United States.
Time to advance on Hybrid cars technology.
[QUOTE=GlebGuy;34772966]Time to advance on Hybrid cars technology.[/QUOTE] What happened to those batteries MIT was developing. Just make electric cars with more range.
[QUOTE=GlebGuy;34772966]Time to advance on Hybrid cars technology.[/QUOTE] More like advance on the eletric car and it's battery.
Prepare for gas price spikes.
[QUOTE=UseLets;34772959]But this has nothing to do with the United States.[/QUOTE] they're cutting exports to the US also
[QUOTE=teh pirate;34772877]lol Iran is only hurting itself both of these nations import <3% of their oil from Iran, it'll hardly affect anything at all[/QUOTE] Then why are they importing the oil in the first place?
Fun fact, oil within Iran costs about 6 cents per litre.
[QUOTE=Swebonny;34773118]Then why are they importing the oil in the first place?[/QUOTE] because it's slightly cheaper, I'd assume. lowest bidder and all that. but 58,000 barrels a day is under 1/10 capacity of your average tanker ship.
The oil was going to get cut off eventually when the embargo was enforced, Iran have just decided to stop trading early because fuck the embargo.
[QUOTE=Source;34772852]Hopefully this will further boost our efforts to reduce dependency on oil, probably not but a man can dream.[/QUOTE] In reality it will probably further boost western ambitions to invade and snatch it back.
Why can't we all just get along?
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