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Iran Threatens to Use Oil in Nuke Standoff

eilute

Senior member
By NASSER KARIMI, Associated Press Writer 40 minutes ago

TEHRAN, Iran -
Iran threatened Saturday to use oil as a weapon if the
U.N. Security Council imposes sanctions over its nuclear program.

The nation's interior minister raised the possibility of using Iran's own oil and gas supplies and its position on a vital Persian Gulf oil route as weapons in the international standoff.

"If (they) politicize our nuclear case, we will use any means. We are rich in energy resources. We have control over the biggest and the most sensitive energy route of the world," Interior Minister Mostafa Pourmohammadi was quoted as saying by the official Islamic Republic News Agency.

What effect could this have on the US economy? Wouldn't this hurt the Iranians more than it would hurt the US or anyone else in the world?
 
We don't get any oil from Iran. The only way it could hurt us would be the loss of supply to international demand driving the prices up.

Interesting thought... China gets ~10% of their oil from Iran. What happens to them if Iran just pulls their oil from the market? And second... Oil is pretty much the only thing keeping Iran from being a third world country. How long could they afford to keep their oil off the market? Not long I'm thinking.

I think Amanidajad is hoping nobody calls his bluff.
 
Originally posted by: RichardE
How much oil does the US receive from Iran? Not alot, if any I think. It would hurt in prices, but not supply.
Prices = supply

The US will always get oil, even if most the world stops dealing with them. The key issue is prices, not something to push aside just because supply will still be there.

Your logic sometimes....:roll:
 
It'll be interesting to see how this plays out. March 15th is the day Iran drops the "petro dollar" in favor of the Euro, which is going to spell definite trouble for us.
 
Originally posted by: 2Xtreme21
It'll be interesting to see how this plays out. March 15th is the day Iran drops the "petro dollar" in favor of the Euro, which is going to spell definite trouble for us.
I thought the Canadian dollar was a petro dollar? 🙂
 
Originally posted by: Stunt
Originally posted by: 2Xtreme21
It'll be interesting to see how this plays out. March 15th is the day Iran drops the "petro dollar" in favor of the Euro, which is going to spell definite trouble for us.
I thought the Canadian dollar was a petro dollar? 🙂

Text
 
Originally posted by: Stunt
Originally posted by: RichardE
How much oil does the US receive from Iran? Not alot, if any I think. It would hurt in prices, but not supply.
Prices = supply

The US will always get oil, even if most the world stops dealing with them. The key issue is prices, not something to push aside just because supply will still be there.

Your logic sometimes....:roll:

No...Nigeria, Canada and Venezula saying they are not shipping oil to the states anymore means they would not have a supply....

Iran threatening what they are, when the do not ship oil to the states, will affect price. It will cost more, but the countries who ship to the oil to the states will still be shipping it, although at a higher price....

Sooo supply to the world affects world prices...prices so not affect US incomming supply when it involves Iran.
 
So is there a reason we're not all up in arms about this? Because, to be honest, this Iranian Oil Bourse is going to be the downfall of the American economy...
 
Originally posted by: RichardE
Originally posted by: Stunt
Originally posted by: RichardE
How much oil does the US receive from Iran? Not alot, if any I think. It would hurt in prices, but not supply.
Prices = supply

The US will always get oil, even if most the world stops dealing with them. The key issue is prices, not something to push aside just because supply will still be there.

Your logic sometimes....:roll:
No...Nigeria, Canada and Venezula saying they are not shipping oil to the states anymore means they would not have a supply....

Iran threatening what they are, when the do not ship oil to the states, will affect price. It will cost more, but the countries who ship to the oil to the states will still be shipping it, although at a higher price....

Sooo supply to the world affects world prices...prices so not affect US incomming supply when it involves Iran.
*sigh* I understand supply. My point is supply dictates the price, and in today's world price is the only consideration. This issue here is oil prices and not supply.

You seem to think this threat is a non-issue as the supply will continue.
 
If only the moron had declared war on the sun we could extract enough heat from it to bake the Arabs in the deserts.
 
Originally posted by: 2Xtreme21
So is there a reason we're not all up in arms about this? Because, to be honest, this Iranian Oil Bourse is going to be the downfall of the American economy...

Overblown......

Text
 
It means this Iran guy is obviously paid off by the Republicans.

He is purposely giving them Bullsh!t reasons to launch an attack on Iran on false pretense just like Iraq.
 
Originally posted by: dmcowen674
It means this Iran guy is obviously paid off by the Republicans.

He is purposely giving them Bullsh!t reasons to launch an attack on Iran on false pretense just like Iraq.

This guy doesn't care for bush or the republicans any more than you do and he certainly isn't beholden to the almighty dollar.

Islam must prepare to rule the world, Iranian President Mahmoud Ahmadinejad told a crowd of theological students in Iran's holy city of Qom, according to a report.

Ahmadinejad is urging Iranians to prepare for the coming of the Mahdi by turning the country into a mighty and advanced Islamic society and by avoiding the corruption and excesses of the West.

"We must prepare ourselves to rule the world and the only way to do that is to put forth views on the basis of the Expectation of the Return," Ahmadinejad said. "If we work on the basis of the Expectation of the Return [of the Mahdi], all the affairs of our nation will be streamlined and the administration of the country will become easier."
 
Originally posted by: dmcowen674
It means this Iran guy is obviously paid off by the Republicans.

He is purposely giving them Bullsh!t reasons to launch an attack on Iran on false pretense just like Iraq.

You're an idiot.
 
Originally posted by: ntdz
Originally posted by: dmcowen674
It means this Iran guy is obviously paid off by the Republicans.

He is purposely giving them Bullsh!t reasons to launch an attack on Iran on false pretense just like Iraq.

You're an idiot.

Thanks

Of course I am, I'm not a sheeple puppet unlike yourself.
 
It means this Iran guy is obviously paid off by the Republicans. He is purposely giving them Bullsh!t reasons to launch an attack on Iran on false pretense just like Iraq.
Umm no...with American troops already over committed to Afghanistan and Iraq, the Iranian leadership is rattling its sabre...knowing full well that in an election year, and already facing one unpopular war, that it would be political suicide for the Republican leadership to make the case for another war in Iran...particularly given that the perceived benefits of such a war by the American people is somewhat abstract.

Iran will continue to make a lot of noise, the UN will stand there with its thumb up its collective ass, and America may launch an air campaign against Iran just to keep it in check...that, or Iran may just piss off Israel enough to the extent that they may do the work for us.

 
Iran won't use oil as a weapon.

Unlike Saddam whose country was growing at like -20% every year, Iran is growing at 6-8% every year.

Since Iranian mullahs like to act barbaric and base everything on the Quran, their entire economic system is dependent on oil. Iran doesn't even allow foreign investments or foreign companies to build in Iran.

If you want to start a business in Iran you have to get government permission, meaning they have to come and inspect it and approve of the idea.

Free thinking is not common in Iran. It's a slave country.

You don't want to piss off your slaves.
 
Originally posted by: dmcowen674
Originally posted by: ntdz
Originally posted by: dmcowen674
It means this Iran guy is obviously paid off by the Republicans.

He is purposely giving them Bullsh!t reasons to launch an attack on Iran on false pretense just like Iraq.

You're an idiot.

Thanks

Of course I am, I'm not a sheeple puppet unlike yourself.

And you're the biggest tool I've ever seen on these forums. And I'm not a republican.
 
The surest way to solidify the international community against Iran (except for maybe Russa) would be to attempt to close the Strait of Hormuz buy mining it or threating to sink tanker traffic. Europe, Asia, and the US would have little choice but to use force to reopen the Strait as soon as possible by whatever means necessary.

Iran surely knows this and that they can't possibly hope to stand against the US and European navys.

 
Originally posted by: beer
Originally posted by: dmcowen674
Originally posted by: ntdz
Originally posted by: dmcowen674
It means this Iran guy is obviously paid off by the Republicans.

He is purposely giving them Bullsh!t reasons to launch an attack on Iran on false pretense just like Iraq.

You're an idiot.

Thanks

Of course I am, I'm not a sheeple puppet unlike yourself.

And you're the biggest tool I've ever seen on these forums. And I'm not a republican.

another Republican not proud enough to even admit it and post any info in a profile, so who's the tool???
 
Originally posted by: Aimster

Iran doesn't even allow foreign investments or foreign companies to build in Iran.

What? Iran has a lot of foreign companies in there from Europe, Russia, China, etc. European governments and companies have been funding Iran for years. Just a few days ago Iran announced plans to open up some fields for some companies - who is in the bidding process? European companies.
 
Originally posted by: Whoozyerdaddy
We don't get any oil from Iran. The only way it could hurt us would be the loss of supply to international demand driving the prices up.

Interesting thought... China gets ~10% of their oil from Iran. What happens to them if Iran just pulls their oil from the market? And second... Oil is pretty much the only thing keeping Iran from being a third world country. How long could they afford to keep their oil off the market? Not long I'm thinking.

I think Amanidajad is hoping nobody calls his bluff.

Japan gets a huge amount of oil from Iran, which would screw us quite a bit. Personally, it sounds more like he is just trying to bluff us some more. We're in an ego battle. Neither side wants to look week to their bases, but in the end, it will probably just continue to be rhetoric. I don't see how any country could risk losing that massive cash flow (4+ million barrels a day) and stay in power. You would either see the Supreme Leader come in or you would finally see a revolt against the autocratic segments, which would be awesome if it were the latter.
 
Originally posted by: CanOWorms
Originally posted by: Aimster

Iran doesn't even allow foreign investments or foreign companies to build in Iran.

What? Iran has a lot of foreign companies in there from Europe, Russia, China, etc. European governments and companies have been funding Iran for years. Just a few days ago Iran announced plans to open up some fields for some companies - who is in the bidding process? European companies.


I would bet Halliburton,Baker Hughes (BHI: Research, Estimates) and Smith International would put bids in also.

Halliburton operates in Iran despite sanctions

Looks like they all are still there?
 
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