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Iran cuts off oil supplies to French, British companies

 
ScottFlex

User ID: 5764516
United States
02/19/2012 09:46 PM
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Re: Iran cuts off oil supplies to French, British companies
According to Wikileaks, Saudi Arabia will begin to run out of oil in 2013.
 Quoting: Anonymous Coward 10356731


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]
"We must all hang together or surely we will all hang separately."

-Benjamin Franklin

"Anything you can't say no to is your master, whether its a common addiction or an abusive government..."

-ScottFlex
Cheswolf

User ID: 11060988
United States
02/19/2012 09:56 PM
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Re: Iran cuts off oil supplies to French, British companies
According to Wikileaks, Saudi Arabia will begin to run out of oil in 2013.
 Quoting: Anonymous Coward 10356731


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]
 Quoting: ScottFlex


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

User ID: 10990352
New Zealand
02/19/2012 10:00 PM

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Re: Iran cuts off oil supplies to French, British companies
"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]
 Quoting: Xorizov

bad timing for William Hague if he didn't connect the two things.
Peace and Love to the Whole World my Beautiful Children
Anonymous Coward
User ID: 4907712
United States
02/19/2012 10:18 PM
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Re: Iran cuts off oil supplies to French, British companies
Fear...Fear...Fear !!!!!

This doesn't mean anything.

We will all go to work tomorrow and come home.

After a day or 2 Saudi's will say that they will increase their output.

This is nothing more than politics as usual.

The price of gas will go up but it was going to go up no matter what was happening.

popcorn
Anonymous Coward
User ID: 1359625
United States
02/19/2012 10:24 PM
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Re: Iran cuts off oil supplies to French, British companies
Ooooooo Starting July 1. wtf

Lets see..well that gives those with oil some time to find new buyers or come to some agreement
BUT HELL

Everyone is on Alert so LETS JACK UP THAT GASOLINE WORLD WIDE BECAUSE ITS A THREAT
Anonymous Coward
User ID: 11128047
Canada
02/19/2012 10:55 PM
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Re: Iran cuts off oil supplies to French, British companies
Fear...Fear...Fear !!!!!

This doesn't mean anything.

We will all go to work tomorrow and come home.

After a day or 2 Saudi's will say that they will increase their output.

This is nothing more than politics as usual.

The price of gas will go up but it was going to go up no matter what was happening.

popcorn
 Quoting: Anonymous Coward 4907712


saudi output can go up a bit, but we're all fooling ourselves if we think they can make up all shortfalls forever. not to mention misunderstanding how oil reservoirs work.
Anonymous Coward
User ID: 1437909
Australia
02/19/2012 11:01 PM
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Re: Iran cuts off oil supplies to French, British companies
[link to twitter.com]

news alert, woohoo
 Quoting: See1234


Im sorry for acting like a dumb ass but if they do that how much money will they loose form sales or do they have enough counties buying it wont matter?
Anonymous Coward
User ID: 1437909
Australia
02/19/2012 11:03 PM
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Re: Iran cuts off oil supplies to French, British companies
[link to twitter.com]

news alert, woohoo
 Quoting: See1234


Im sorry for acting like a dumb ass but if they do that how much money will they loose form sales or do they have enough counties buying it wont matter?
 Quoting: Anonymous Coward 1437909


*From
*Countries

sorry
Anonymous Coward
User ID: 4907712
United States
02/19/2012 11:26 PM
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Re: Iran cuts off oil supplies to French, British companies
When you put 2 and 2 together you need to look at ALL the inputs.


Iran makes this statement 2 days after seeing the big wigs from China....

Obviously China has told them that they will buy more oil.
Saudi Arabia say they will not output more oil... thus making a short term gain for them and gaining pressure against all the countries that need to buy oil.


This is nothing but politics as usual.