Oil sabre rattling.: Motoring Non-motoring forum

Non-motoring > Oil sabre rattling.	Miscellaneous
Thread Author: Old Navy	Replies: 21

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New Mon 23 Jan 12 13:45

Oil sabre rattling. - Old Navy

Europe has put an embargo on Iranian oil and Iran is threatening to close the Straight of Hormuz. With the USA and its poodle the UK sabre rattling if this turns nasty fuel prices are going through the roof.

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New Mon 23 Jan 12 13:55

Oil sabre rattling. - devonite

Europe has put an embargo on Iranian oil

With the USA and its poodle the UK sabre rattling

Nothing to do with America, but American elections are coming up, and as they`re pulling out of Ahfganistan they need somewhere else to deploy the troops!

If they want to start "Sabre rattling" then we should keep our noses out and let them get on with it ......Alone!

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New Mon 23 Jan 12 14:03

Oil sabre rattling. - Dog

>>if this turns nasty fuel prices are going through the roof<<

And the oil companies will be laughing all the way to the bank.

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New Mon 23 Jan 12 14:23

Oil sabre rattling. - Old Navy

>> >>if this turns nasty fuel prices are going through the roof<<
>>
>> And the oil companies will be laughing all the way to the bank.
>>

And so will the government if there are enough sales to increase the tax take.

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New Mon 23 Jan 12 14:30

Oil sabre rattling. - Cliff Pope

What is the practical difference between the West refusing to buy Iranian oil and the Iranians refusing to sell us any?
Why does one hurt the Iranians and the other hurt us?

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New Mon 23 Jan 12 14:35

Oil sabre rattling. - Zero

>> What is the practical difference between the West refusing to buy Iranian oil and the
>> Iranians refusing to sell us any?
>> Why does one hurt the Iranians and the other hurt us?
>
if they block the straights it will block oil exports form other countries.

The US wont wont the RN hanging around, the last time we met the Iranians in the that sea, our guys surrendered.

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New Mon 23 Jan 12 14:49

Oil sabre rattling. - Old Navy

>>the last time we met the Iranians
>> in the that sea, our guys surrendered.
>>

At least they thought about the situation they were in before starting a shooting match they would not have won. It is called being well trained.

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New Mon 23 Jan 12 14:50

Oil sabre rattling. - Zero

Its called "laughing stock"

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New Mon 23 Jan 12 14:53

Oil sabre rattling. - Old Navy

Not biting, Zero.

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New Mon 23 Jan 12 15:04

Oil sabre rattling. - sooty123

At least they got some free suits. ;)

>> Its called "laughing stock"
>>

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New Mon 23 Jan 12 14:44

Oil sabre rattling. - Old Navy

It won't bother Iran too much, China will buy any oil the west don't buy. The west will get little oil from any of the gulf states as most of it goes through the straits.

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New Mon 23 Jan 12 14:56

Oil sabre rattling. - Cliff Pope

How does China get the oil then - overland by pipeline, or by tanker through the conflict area?

It just seemed curious that we think we can apply sanctions with such specific and limited effect, to our benefit, but similar reciprocal action has the opposite effect.

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New Mon 23 Jan 12 14:59

Oil sabre rattling. - Old Navy

I don't know how China gets its oil, I heard the "China will take up Irans surplus oil" on the TV. I believe the plan is to stop buying Iran's oil but keep the straits open to maintain our supplies from the Gulf states (and China).

Last edited by: Old Navy on Mon 23 Jan 12 at 15:04

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New Mon 23 Jan 12 15:01

Oil sabre rattling. - RichardW

Brent crude only up 0.7% - still 3$ / bbl below where it was 2 weeks ago. BP and Shell both up 2% - BP recovered most of the ground it lost on Friday on the back of potentially shouldering another $13bn for Deepwater Horizon..... Markets not sure then!

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New Mon 23 Jan 12 15:03

Oil sabre rattling. - sooty123

>> How does China get the oil then - overland by pipeline, or by tanker through
>> the conflict area?
>>
By tanker I don't think there is one linking china to iran or at least large enough to supply china.

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