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Thread: Iran stops oil sales to British, French companies

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    Iran stops oil sales to British, French companies

    (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.


    Iran stops oil sales to British, French companies | Reuters

    Aren't sanctions just wonderful? As our Gas prices rise to the $4 mark for this spring/summer, (when this happened to Bush, demo's were in the streets in front of camera's) this can NOT bode well for Obama in an election year.

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    Re: Iran stops oil sales to British, French companies

    Predictable to say the least, oil is Iran's only leverage against military action from outside forces, my guess is they'll try to expand their commerce with Russia and China to fill the market void.

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    Re: Iran stops oil sales to British, French companies

    Quote Originally Posted by j-mac View Post
    Aren't sanctions just wonderful? As our Gas prices rise to the $4 mark for this spring/summer, (when this happened to Bush, demo's were in the streets in front of camera's) this can NOT bode well for Obama in an election year.

    j-mac
    Iran started selling more oil to China last year.

    I guess the good news is that Canadian tar sands production costs are lower... down to about $50 a barrel.

    To get at the bitumen, the companies bulldoze wetlands to create vast open-pit mines. Inside them, the world’s largest dumptrucks ferry paydirt to nearby separation plants, where the tarry soil is crushed and diluted until bitumen can be skimmed off. This needs lots of water and energy, and yields the notorious “tailings”, a residue of sand, unclaimed bitumen, water, clay particles and contaminants. Some lakes of this have been festering for decades.

    Canada's tar sands: Muck and brass | The Economist

    Mining accounts for just over half of production. It will become less common as shallower reserves are exhausted. Extracting the deeper stuff is less ugly but also damaging.

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    Re: Iran stops oil sales to British, French companies

    Quote Originally Posted by j-mac View Post
    Aren't sanctions just wonderful? As our Gas prices rise to the $4 mark for this spring/summer, (when this happened to Bush, demo's were in the streets in front of camera's) this can NOT bode well for Obama in an election year.

    j-mac
    Would you rather see an attack on Iran, and gas prices shoot up to $8 ?
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    Re: Iran stops oil sales to British, French companies

    there is one sure way to lower the cost of oil :

    work to replace it as a transportation fuel.

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    Re: Iran stops oil sales to British, French companies

    Quote Originally Posted by Lord Tammerlain View Post
    Would you rather see an attack on Iran, and gas prices shoot up to $8 ?
    Or just blow it off and let them get their nukes?

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    Re: Iran stops oil sales to British, French companies

    Quote Originally Posted by Hare View Post
    Predictable to say the least, oil is Iran's only leverage against military action from outside forces, my guess is they'll try to expand their commerce with Russia and China to fill the market void.
    Kind of a good reason to start pumping money into technology that will make their oil useless IMO.
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    Re: Iran stops oil sales to British, French companies

    Quote Originally Posted by Your Star View Post
    Kind of a good reason to start pumping money into technology that will make their oil useless IMO.
    Or rethink US foreign policy...........


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    Re: Iran stops oil sales to British, French companies

    Quote Originally Posted by sharon View Post
    Or rethink US foreign policy...........

    Quote Originally Posted by Your Star View Post
    Kind of a good reason to start pumping money into technology that will make their oil useless IMO.
    A mixture of both would be ideal, revising foreign policy stances is the more immediate cure for some of our woes, though eventually we will be forced to find an alternative for the sake of both sustainability and competition (price gauging).

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    Re: Iran stops oil sales to British, French companies

    The EU set the date to stop imports of oil for July 1st, but many oil companies, such as BP, have already stopped buying from Iran. It's just more sabre-rattling, covering the fact that imports have virtually ceased anyway. If it nudges the price up, that's all good as far as Iran's concerned.
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