Iran cuts off oil supplies to French, British companies

Book of Eli or The Road in our collective futures.

During the coldest winter in Europe ever....not good for the Brits!

Well one could take it either way.
The Iranians chest beating saying they have cut off oil sales when in fact the companies themselves have stopped buying.
Or the west blaming them for cutting off oil sales when in reality no one is allowed to buy oil off Iran any more due to UN sanctions.

no the guys got communication problems and he likes the pretty colous on the flag preeety

And the World YAWNED ..........

Iam sure they will

I hope you were being sarcastic

That's calling a kettle before it boils don't ya think?

goggle: oil demand
link: International Energy Agency - Oil Market Report
Global oil demand is forecast to climb to 89.9 mb/d in 2012, a gain of 0.8 mb/d (or 0.9%) on the year.

"Iran has stopped selling crude oil to British and French companies as William Hague warned Israel today that military action against the country would not be 'a wise thing'."

"His warning comes on the same day that Iran confirmed it was stopping selling oil to Britain and France."

[link to www.dailymail.co.uk]

France and Britain aren't buying a significant amount of oil from them anyway.

Meaningless news.

According to Wikileaks, Saudi Arabia will begin to run out of oil in 2013.

Now we wait for the economic shock technique via oil/gas prices.

Inb4 Gas prices rise at least another 40-80 cents a gallon.

A new company (third party) will be set up outside of Britain and France to purchase oil from Iran, and the new companies will then on sell the oil (eventually) to Britain and France.

Same thing with embargoes on Iran. Iran will just get a third party, say China or Russia to purchase goods from France, Britain etc and then on sell to Iran.

Just a lot of political paper pushing to be done.

This is just a pr stunt for Iran the uk accounts for 1% od irans oil exports and France for 2% of irans oil exports if they were serious about closing the drain for Europe they would have cut of Spain Italy and Greece which combined account for over 20% of irans oil exports.

Iran simply can't afford to lose this source of revenue till mid this year when the eu embargo comes into action...

Iran is stuck between two hard places, the east, and the west. Iran is tied strongly, economically, and to some cultural degree to the west. The east also has some economic incentives particularly in china. If ever a place looked like Armaggeden it's Iran, because it will be the focalpoint of where east meets west, and each will be seeking dominance over the other.

Sees this as future American military recruiting poster

Says the person from the US, the land of the mind controlled public. Man thats classic

This

"Simple a drinking a glass of water."

we are proud of you Iran.

[link to blogs.taz.de]
[link to www.marek-peters.com]

NYMEX crude oil is near #105.00/brl as of 4:45 PST, Feb. 19m 2012m if what can be seen on CNBC is true. Economies of all nations are being impacted by the rising crude oil prices. If the Western backed oil producing nations like Saudi Arabia are to run out of oil by 2013, then what has gone on in the ME since the beginning of 2011 makes perfect sense. The West wants the crude oil in the Caspian Sea region, but the nations of the Eastern bloc, Russia and China, don't want them to have it. WAR is inevitable.

a wise man said, if there is ever a 3rd world war, the 4th world war will be with sticks and stones.

Oil is way up right now

Good.

It's about time they did something.

It's actually a quote that goes "I don't know how world war three will be fought, but world war four will be fought with sticks and stones".

This really should be a thread of its own:

Saudi Arabia Cuts Oil Output, Export: Industry Report

The world’s top oil exporter, Saudi Arabia, appears to have cut both its oil production and export in December, according to the latest update by the Joint Organizations Data Initiative (JODI), an official source of oil production, consumption and export data.

AP

The OPEC heavyweight saw production decline by 237,000 barrels per day (bpd) from three-decade highs of 10.047 million bpd in November, the JODI data showed on Sunday.

The draw-down was sharper for the actual amount exported, declining by 440,000 bpd, or 5.6 percent, to come in at 7.364 million bpd, the data also showed. The level would still be similar to exports after a steep ramp-up last June.

In its monthly report on February 10, the IEA put Saudi Arabia’s production number for December slightly lower at 9.55 million bpd, a disparity of 260,000 bpd versus the JODI data.

[link to www.cnbc.com]

Or.... they are falling off of peak... just saying