Except that the world didn't refuse. A handful of nations arrogant enought to believe they matter did. China and India just started purchasing what the other nations no longer are receiving. Life goes on but we pay more at the pump for it.

logistic: Except that the world didn't refuse. A handful of nations arrogant enought to believe they matter did. China and India just started purchasing what the other nations no longer are receiving. Life goes on but we pay more at the pump for it.

But are China and India paying the same amount of $$$ for that oil as they were before? Because if they are, then they are suckers. Now that Iran has less clients for its oil is the perfect time to ask for some sort of discount.

kbronsito: logistic: Except that the world didn't refuse. A handful of nations arrogant enought to believe they matter did. China and India just started purchasing what the other nations no longer are receiving. Life goes on but we pay more at the pump for it.

But are China and India paying the same amount of $$$ for that oil as they were before? Because if they are, then they are suckers. Now that Iran has less clients for its oil is the perfect time to ask for some sort of discount.

China upped their order by more than all nations previously receiving Iranian oil were receiving combined. With a possibility of further increases in the future.

So honestly, you have a world facing oil shortages and a small handful of nations saying "We would rather pay more for oil because we don't like you". The only losers in this are us, the people who wind up paying slightly more at the pump. We're the ones everyone else is laughing at.

kbronsito: logistic: Except that the world didn't refuse. A handful of nations arrogant enought to believe they matter did. China and India just started purchasing what the other nations no longer are receiving. Life goes on but we pay more at the pump for it.

But are China and India paying the same amount of $$$ for that oil as they were before? Because if they are, then they are suckers. Now that Iran has less clients for its oil is the perfect time to ask for some sort of discount.

oil is fungible
there is X amount of crude oil available on the open market each day.
the price for that oil is pretty much the same.
britain and france will be their oil from country Q and people who used to buy oil from country Q will buy oil from iran.
it isnt like there are manufacturer labels on the oil to begin with.

plus, if no one bought oil from iran, that would drive up the crude prices, causing countries to want to buy cheap oil from iran.

Now, if we bombed all the oil pipelines in iran and prevented iran from producing any more oil ... THAT would actually affect iran.

oil wars are so much fun

logistic: kbronsito: logistic: Except that the world didn't refuse. A handful of nations arrogant enought to believe they matter did. China and India just started purchasing what the other nations no longer are receiving. Life goes on but we pay more at the pump for it.

But are China and India paying the same amount of $$$ for that oil as they were before? Because if they are, then they are suckers. Now that Iran has less clients for its oil is the perfect time to ask for some sort of discount.

China upped their order by more than all nations previously receiving Iranian oil were receiving combined. With a possibility of further increases in the future.

So honestly, you have a world facing oil shortages and a small handful of nations saying "We would rather pay more for oil because we don't like you". The only losers in this are us, the people who wind up paying slightly more at the pump. We're the ones everyone else is laughing at.

and at some point iran-china will sign long term contracts. and then what will europe do when it is friends with iran again and iran say MEH we sold all out oil?? bhwhhahahahaahah

Iran is the world's fourth largest oil supplier. Why someone like that isn't our good friend is beyond me.

Now that they're getting shut out of SWIFT we should really start to see oil and gas prices shoot up. Chalk up another victory for the oil companies.

logistic: Except that the world didn't refuse. A handful of nations arrogant enought to believe they matter did. China and India just started purchasing what the other nations no longer are receiving. Life goes on but we pay more at the pump for it.

China dropped their purchase of Iranian oil to their lowest level in years recently because they were trying to extract price concessions from Iran to sell their oil at a massive discount. So, it's still hurting Iran.

There's also an important point Fox News and CNN seem to overlook in all the sabre-rattling...if China starts getting used to long-term, discounted oil deals with Iran, how willing will they be to let us or Israel interfere with that partnership?

Just a thought...

RexTalionis: logistic: Except that the world didn't refuse. A handful of nations arrogant enought to believe they matter did. China and India just started purchasing what the other nations no longer are receiving. Life goes on but we pay more at the pump for it.

China dropped their purchase of Iranian oil to their lowest level in years recently because they were trying to extract price concessions from Iran to sell their oil at a massive discount. So, it's still hurting Iran.

I'm assuming you're referencing : http://blogs.wsj.com/chinarealtime/2012/02/17/so-much-for-sanctions-ch ina-iran-iron-out-oil-agreement/?mod=google_news_blog

"China has, at least for now, dashed any hopes that it plans to obey tighter U.S. sanctions against Iran after hammering out an agreement to resume some imports of Iranian crude."

The 10 percent cut is temporary and the focus is one single company. As in the US, there are numerous oil companies active in China and they are dealing with Iran, if this is something you want to disregard, that's fine but the fact is Iran's oil distribution machine is not hurting for customers in the world and the demand is rising. Meanwhile we can trumpet all the idelogical BS we want while posing for photo ops with the Saudis, one of the most oppressive regimes in the modern world. Many countries are starting to see through this...

Or I'm wrong and the results of this embargo will cripple Iran into becoming our servants. Who knows?

Marcus Aurelius: Iran is the world's fourth largest oil supplier. Why someone like that isn't our good friend is beyond me.

Now that they're getting shut out of SWIFT we should really start to see oil and gas prices shoot up. Chalk up another victory for the oil companies.

why??
hahahahaha
because when we didnt like their democratically elected president, we deposed him and put in a dictator!!!
then when those peasants revolted and kicked out the dictator we got all butthurt

bwhahahahahahahahah
the iranians rightfully hate the US and UK for treating them like shiat.
we are also directly responsible for the problems we are having with iran right now.

iran used to be an enlightened democratic country.
we turned it into a dictatorship. they revolted led by the theocrats. TADA.
we helped create a theocracy.

farking stupid government policies ... sigh

Marcus Aurelius: Iran is the world's fourth largest oil supplier. Why someone like that isn't our good friend is beyond me.

Now that they're getting shut out of SWIFT we should really start to see oil and gas prices shoot up. Chalk up another victory for the oil companies.

Uh, we were never really buying Iranian oil before.

hitchking: Ah, this thread is picking up!

Nothing like watching people who pay some of the lowest gas prices in the developed world biatch and moan about how they pay too much! Plus a little economics-for-dummies "it's cuz of Israel and Iran sanctions!" to spice it up.

Can someone hilariously attempt to pin this on Obama and the Keystone pipeline or ANWR or something? I know it'd be a little off-topic but that hasn't stopped anyone so far.

meh
our prices go up every spring when the refineries switch to summer blends
LOL
what a great way to legally price gouge

hmmmmmmmm bet electric cars dont have this problem

Semi-Sane: Ensuring Israel's safety is worth paying more at the pump.

derp?

Dear Iran,

You need us more than we need you.

Love,

Everyone else.

I just saw a headline on Bloomberg saying that they are offering to sell it to India.

Iran keeps saying their nuclear program is peaceful and then does everything it can to look like they're hiding something. They might want to review how things turned out when Saddam played that game with his alleged WMDs.

/Find somewhere else to hide your camel porn

ObscureNameHere: Guess who the largest exporter of oil is the the U.S.? Go ahead, it may not be who you think it is...

Uh, Canada?

Joe Blowme: Must be all that inbreeding, or just the fact that too much islam makes you retarded.

yes because the christian right has been so rational and logical and understanding.

how about all religion makes you retarded?
all religions require you to believe without thinking.

/buddhism is much more of a philosophy than a religion ...