Filed under: Uncategorized | Tags: Cantor, Iran, Iran oil exports, Iran sanctions, Saudi Arabia, who buys Iranian oil
Is it true though? Will it still be true six months from now when the sanctions kick in for Euro? Does it even matter if China, India et al keep buying Iran’s oil? Is this just theater, the whole thing?
Saudis have enough oil to make up for Iran.
Filed under: Uncategorized | Tags: China, Iran, Iran oil exports, Iran sanctions, limpness, sanctions
Looking increasingly limp, U.S. tries to escalate by imposing sanctions on Chinese companies trading petroleum products with Iran. China laughs.
…and will find a way to pay for it.
http://www.reuters.com/article/2012/01/13/india-iran-imports-idUSL3E8CD05S20120113
Filed under: Uncategorized | Tags: China, energy, Iran, Iran sanctions, Japan, oil imports, oil trade, Turkey
My sense is that Iran and China can work things out without “the international financial system.” Curious policy from the U.S. now, could work very much in China’s favor.
U.S allies like Japan appear to support the sanctions by “reducing” their oil imports from Iran by some unknown amount.
Filed under: Uncategorized | Tags: China, exports, Geithner, Iran, Iran sanctions, oil imports, petroleum
The terms of the sanctions set arbitrarily by US govt. Could see this coming from the cheap seats.
http://www.nytimes.com/2012/01/12/world/asia/china-balks-as-geithner-presses-on-iran-curbs.html
And let’s just keep this little bit handy —
Filed under: Uncategorized | Tags: ENI, exemptions, Iran, Iran sanctions, Italy
Via Reuters…
Let’s see.. That’s S. Korea, India and Italy so far.
Filed under: Uncategorized | Tags: China, Chindia, India, Iran, Iran sanctions, who buys Iran's oil, workaround
India is exploring all options to find a way out to make oil payments to Iran as there are chances that Turkey, through which it is making payment, may come under pressure after a fresh round of U.S. sanctions imposed on Iran.
India currently pays Iran about $1 billion every month through Turkey for the 370,000 barrels a day of crude oil it buys from the world’s fourth-largest oil producer.
According to sources, India is holding talks with Russia for routing payments to Iran. Discussions with United States are also going on for a possible relaxation or waiver in the sanctions.
via India exploring ways of making oil payments to Iran | Calcutta News.Net
Iran sanctions lead U.S. allies in Asia to seek special arrangements in order to continue, perhaps increase, imports from Iran. This is an interesting way for the US to increase leverage against any country that imports a lot of oil from Iran, including China. Anything about these workarounds in the US press?
Filed under: Uncategorized | Tags: Bob Beamon, Iran, Iranian Revolution, North Sea, oil supply, supply disruption
“If Hormuz was to be disrupted, we’re talking the biggest disruption the oil market has ever seen,” said Blanch.
“We’ve never seen anything like it, and that’s why we think it’s very unlikely,” he said.
via Bottom Line – Iran oil standoff could mean higher gas prices.
The disruption associated with the Iranian Revolution in ’79 holds the current record. Even Bob Beamon’s record got taken out. (Didn’t it?)
After that disruption, the global supply problem was temporarily fixed in large part due to huge reservoirs that were discovered many years prior to the Iranian Revolution, in Alaska and the N. Sea, coming on line.
This time, we have cooked sand.
Filed under: maps, Uncategorized | Tags: Iran, maps, saber-rattling, Strait of Hormuz
http://www.insideofiran.org/en/news/1753-iran-guards-ready-to-close-strait-of-hormuz.html
Filed under: Uncategorized | Tags: Brent, crude oil, Ed Walsh, energy, gasoline, Iran, oil price, peak oil, Tom Keene, WTI
Filed under: Uncategorized | Tags: China, EU, Iran, Japan, oil exports, OPEC, production, Turkey
From http://www.eia.gov/cabs/iran/Full.html
If the EU stops buying oil from Iran, that would seem to benefit China, Turkey and Japan.
Filed under: Uncategorized | Tags: drone, Drones, Iran, surveillance drone, war
…they took control of the thing and landed it. According to local reports, which appear contrary to the headline below.
Iran shoots down U.S. spy drone: reports – Tehran Times.
Filed under: maps, Uncategorized | Tags: embargo, exports, Iran, oil, OPEC, petroleum, production
Iran – Analysis – U.S. Energy Information Administration (EIA).
Filed under: Uncategorized | Tags: exports, gas prices, Iran, oil, oil supply, OPEC, petroleum, Senate, war
Iran Faces Oil Curbs as U.S. Targets Central Bank While EU Adds Sanctions – Bloomberg.
I don’t know if these guys realize. Iran produces a lot of oil, and exports about 2.2 million barrels per day. This is a very strange/interesting development. “Choking off” Iranian exports will not only send prices to the stratosphere here, but could also cause very serious supply disruptions around the world, gas lines, rationing, general chaos. Now why would they want to do that?
Industrialized Cyclist Notepad 