• EU moves to ban Iran crude oil
    29 replies, posted
[QUOTE]EU member states have agreed in principle to ban imports of Iranian crude oil to put pressure on the country over its nuclear programme. The move is expected to be announced formally at an EU foreign ministers' meeting at the end of January. The US, which recently imposed fresh sanctions on Iran, welcomed the news. Iran has dismissed the threat of new sanctions and denies Western claims that it is trying to develop a nuclear weapons programme. Iran has also denied that a record low of its currency this week was linked to punitive US measures against its banks. Oil prices on international markets rose on news of the EU agreement. "We have an [EU] foreign ministers' meeting on January 30, and on this occasion I hope we will be able to take the decision on the embargo of oil and petrol from Iran", said French Foreign Minister Alain Juppe. "We have to reassure some of our European partners who purchase Iranian oil. We have to provide them with alternative solutions", he added. On Tuesday France had called for "stricter sanctions" on Iran. However, even if sanctions are adopted at the end of the month, it may be several months before they are implemented. [B][U] 'Tightening the noose' [/U][/B] "These are the kinds of steps that we would like to see not just from our close allies and partners in places like Europe but from countries around the world", said US State Department spokeswoman Victoria Nuland. "We do believe that this is consistent with tightening the noose on Iran economically," she added. The Iranian state gets more than half of its revenue through the export of crude oil, says the BBC's James Reynolds. If Europe does stop buying, Iran will have to turn to countries in Asia to replace its lost trade, who will demand a discount, he adds. The EU currently accounts for around 17% of Iranian oil exports. In November, the US, Canada and the UK announced new sanctions against Iran in the wake of a report from the UN nuclear watchdog, the International Atomic Energy Agency (IAEA), that said Iran had carried out tests related to the "development of a nuclear device". But Iran was not referred to the UN Security Council because Russia and China were opposed to the move. The Security Council has already passed four rounds of sanctions against Iran for refusing to halt uranium enrichment. Highly enriched uranium can be processed into nuclear weapons. Iran has been holding a series of naval exercises in the Gulf in recent days, test-firing several missiles. The exercises were held near the Strait of Hormuz, through which around 20% of the world's traded oil passes. Tehran said on Monday that "mock" exercises on shutting the strait had been carried out, although there was no intention of closing it. [/QUOTE] Source : [url]http://www.bbc.co.uk/news/world-middle-east-16418589[/url]
WW3
[QUOTE=Satansick;34053214]WW3[/QUOTE] I don't think so Tim.
yeah we all now from mw3 ww3 will hapen whene the rusans invade america duhhhh
interesting
As long as their is someone to sell their oil to, prices increasing will actually benefit Iran. Producing 5.1% of the world's oil, a small increase in price is a pretty big deal. A number of analysts have said the restricting their oil is not the way to go.
[QUOTE=Satansick;34053214]WW3[/QUOTE] omg when i join the army i hope i can use an acog scope lol xD remember: not every minor incident in the middle east causes ww3
Iran wouldn't have a choice in the matter, if they ban it they can either retaliate or face economic collapse Those the rest of the world is fairly dependent upon their oil
[QUOTE=Biotoxsin;34053401]Iran wouldn't have a choice in the matter, if they ban it they can either retaliate or face economic collapse Those the rest of the world is fairly dependent upon their oil[/QUOTE] Not really. Most of our oil we get from right here in the U.S. or from Canada. I'm not sure about Europe, but I'm sure it's similar.
[QUOTE=Ogopogo;34053374]As long as their is someone to sell their oil to, prices increasing will actually benefit Iran. Producing 5.1% of the world's oil, a small increase in price is a pretty big deal. A number of analysts have said the restricting their oil is not the way to go.[/QUOTE] It seems they might not benefit from higher prices. China is grinding them down on their prices because they know they have them over a barrel.
[QUOTE=Biotoxsin;34053401]Iran wouldn't have a choice in the matter, if they ban it they can either retaliate or face economic collapse Those the rest of the world is fairly dependent upon their oil[/QUOTE] India and China are the major buyers of Iranian oil. Iran produces 2.5 million barrels of oil of day. If the price they can sell a barrel of oil goes up by a mere $3.00.... Well do the math. [QUOTE=UserDirk580;34053772]It seems they might not benefit from higher prices. China is grinding them down on their prices because they know they have them over a barrel.[/QUOTE] True, but if the sanctions push through, oil prices will continue to increase. As long as they are selling at a price lower than the rest of the market, but higher than the current price of oil, then they face benefits, despite the loss in potential profits.
Too stupid to live.
As if gasoline wasn't already expensive for Europe. Protip: Come to America, save a fortune. Our political system may be a big bowl of bollocks but gas is dirt cheap.
[QUOTE=TestECull;34054023]As if gasoline wasn't already expensive for Europe. Protip: Come to America, save a fortune. Our political system may be a big bowl of bollocks but gas is dirt cheap.[/QUOTE] I'd rather move in the opposite direction of the Americas.
[QUOTE=Sobotnik;34054722]I'd rather move in the opposite direction of the Americas.[/QUOTE] Well even I would prefer America over Eastern Europe and Russia
[QUOTE=TestECull;34054023]As if gasoline wasn't already expensive for Europe. Protip: Come to America, save a fortune. Our political system may be a big bowl of bollocks but gas is dirt cheap.[/QUOTE] We have a higher standard of living so everything costs more, but we get paid much more as well.
[QUOTE=Coffee;34055749]We have a higher standard of living so everything costs more, but we get paid much more as well.[/QUOTE] what jobs?
same with canada, our quality of living is higher then that of the united states, however price does not fluctuate beyond the border very much.. yet our minimum wage is higher and we get paid more $$$.
[QUOTE=Ogopogo;34053374]As long as their is someone to sell their oil to, prices increasing will actually benefit Iran. Producing 5.1% of the world's oil, a small increase in price is a pretty big deal. A number of analysts have said the restricting their oil is not the way to go.[/QUOTE] Is Iran a member of OPEC?
didnt iran say that they would close hormuz straight if it goes through?
[QUOTE=Ridge;34056247]Is Iran a member of OPEC?[/QUOTE] Yup. [url]http://en.wikipedia.org/wiki/OPEC[/url]
[QUOTE=Sobotnik;34054722]I'd rather move in the opposite direction of the Americas.[/QUOTE] What about Canada?
[QUOTE=Ale994145;34056546]What about Canada?[/QUOTE] canada is an america
[QUOTE=Sobotnik;34054722]I'd rather move in the opposite direction of the Americas.[/QUOTE] :C
[QUOTE=Coffee;34055749]We have a higher standard of living so everything costs more, but we get paid much more as well.[/QUOTE] U.S. has a higher median household income.
[QUOTE=RBM11;34057561]U.S. has a higher median household income.[/QUOTE] Median is still influenced by the richest 1%. Take away that rich 1% see what you get.
[QUOTE=dickpickle;34057646]Median is still influenced by the richest 1%. Take away that rich 1% see what you get.[/QUOTE] Median is absolutely not influenced by the richest 1%, mean is influenced by the richest 1%. Median is specifically used when you wish to exclude outliers. Does Canada not teach basic math? To clarify not attempting to country dick wave in my original statement, just pointing out that they get paid more is not true. They do have a higher IHDI, however. Edit: It is technically influenced, but nowhere near enough to skew the data. The median is going to take what someone in the 50th percentile earns. Take away every single person in the top 1% and the median income is not going to drop by a lot at all. [editline]4th January 2012[/editline] Look at this graph [img]http://upload.wikimedia.org/wikipedia/commons/d/de/Comparison_mean_median_mode.svg[/img]
[QUOTE=RBM11;34057653]Median is absolutely not influenced by the richest 1%, mean is influenced by the richest 1%. Median is specifically used when you wish to exclude outliers. Does Canada not teach basic math? To clarify not attempting to country dick wave in my original statement, just pointing out that they get paid more is not true. They do have a higher IHDI, however. Edit: It is technically influenced, but nowhere near enough to skew the data. The median is going to take what someone in the 50th percentile earns. Take away every single person in the top 1% and the median income is not going to drop by a lot at all. [editline]4th January 2012[/editline] Look at this graph[/QUOTE] Melons taste good and are healthy for you but a lot of money is spent on keeping melons edible during heat. [editline]4th January 2012[/editline] Look at this graph [IMG]http://hello-global.com/image/en_news/heat-graph-3.png[/IMG]
Well then Iran sells its oil to China and Russia I guess.
[QUOTE=Contag;34054871]Well even I would prefer America over Eastern Europe and Russia[/QUOTE] A lil north, a little bit less east.
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