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#1 Iran stops oil sales to British and French firms.02-19-2012, 08:01 PM
TEHRAN | Sun Feb 19, 2012
(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,
"Exporting crude to British and French companies has been stopped ... we will
sell our oil to new customers," spokesman Alireza Nikzad was quoted as saying by
the Ministry of Petroleum website.
The European Union in January decided to stop importing crude from Iran from
July 1 over its disputed nuclear program, which the West says is aimed at
building bombs. Iran denies this.
Iran's oil minister said on February 4 that the Islamic state would cut its
oil exports to "some" European countries.May the FORCE be with you!
02-19-2012, 10:48 PM
- Join Date
- Oct 2009
- Southwest Michigan (in Exile)
poor poor France and Britain...I expect them to lead the charge against Iran now, just like they did against Lybia
02-19-2012, 10:56 PM
It seems like every time we have a fight with an oil producing country we always hear that they produce at least 20 % of the worlds oil supply no matter what country they are, we are then told the world will end and fuel will go to 10:00 per gallon. Some how the production always is replaced by someone else , there is a modest raise in price and soon everything goes back to normal.
Sometimes I think if we added every country together with 20% of our oil the world would have 2000% available oil!The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
02-20-2012, 01:37 AM
- Join Date
- Mar 2010
I am just positive that The Limies and The Frogs knew this was coming. In fact the only one who 'never' envisioned' this must be Reuters and BBC.
At this moment 9 PM EST, Sunday, the stock market in Asia is heating up in anticipation of the companies around the world that sell oil for a living cashing in. Russia and China will have to carry Iran from here forward, but not to worry. China can absorb all of Iran's oil production.:smile:
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