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Iran halts crude oil sales to U.K., French cos

Wall Street Market Watch -- NEW YORK (MarketWatch) -- Iran's Ministry of Petroleum said Sunday the country has halted sales of crude oil to British and French companies. European Union states have agreed to stop importing Iranian crude from Jul. 1. A U.K. government official told the BBC Iran's move would have no impact on U.K. energy security. The news service quoted AFP as saying that in 2011 France bought 3% of its oil, or 58,000 barrels per day, from Iran. The U.K. imported even less, said the BBC.

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Submitted Feb 20, 2012 By: jem069
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Iran halts crude oil sales to U.K., French cos Back to Topics
REPLIES (newest first) Post a Reply
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vtroger
Veteran Author Vermont

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Message Posted: Feb 20, 2012 7:08:39 PM

Amazing.
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waig
Veteran Author Philadelphia

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Message Posted: Feb 20, 2012 7:07:12 PM

KICK THERE ASS
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spedygonzales
All-Star Author Toronto

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Message Posted: Feb 20, 2012 7:06:27 PM

:)
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Bruno44
Champion Author Texas

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Message Posted: Feb 20, 2012 7:05:09 PM

Halt all business with iran, and let them eat their own oil!
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jimbo1867
Champion Author Arizona

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Message Posted: Feb 20, 2012 7:05:05 PM

oh well ... what's the ol saying ... biting their nose to spite their face ...
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reidlej
Champion Author Columbus

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Message Posted: Feb 20, 2012 6:59:32 PM

Good riddance.
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Z06KY
Champion Author Louisville

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Message Posted: Feb 20, 2012 6:59:27 PM

LOL
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2granny
Champion Author Michigan

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Message Posted: Feb 20, 2012 6:59:21 PM

Well said, fitdoc.
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windows7isfast
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Message Posted: Feb 20, 2012 6:58:08 PM

crazzy
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30mpg80
Champion Author Lexington

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Message Posted: Feb 20, 2012 6:57:30 PM

Well boohoo!
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bababooey2
Champion Author Hartford

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Message Posted: Feb 20, 2012 6:55:02 PM

Just nuke them and be done with them.
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chyguy3
Champion Author Wyoming

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Message Posted: Feb 20, 2012 6:54:34 PM

Good one fltdoc.
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hoosierdaddyno1
Champion Author Indiana

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Message Posted: Feb 20, 2012 6:46:58 PM

Like the analogy fitdoc
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wilbur_gas
Champion Author Los Angeles

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Message Posted: Feb 20, 2012 6:44:05 PM

Iran will continue to push buttons until a super power pushes one devastating button back at them.
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WalkingWV
Champion Author West Virginia

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Message Posted: Feb 20, 2012 6:37:58 PM

Gas jumped 14 cents here today.
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BigBob12345
Champion Author Gasbuddy

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Message Posted: Feb 20, 2012 6:37:53 PM

Cutting their nose off to spite their face.
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feistyfella
All-Star Author Detroit

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Message Posted: Feb 20, 2012 6:35:31 PM

Good for them, keep up the good work.
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fltdoc
Champion Author Oklahoma

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Message Posted: Feb 20, 2012 6:34:20 PM

I ran across this article and thought it might be of interest to those who are so concerned about oil availability to the US from the Middle East. There are links to governmental statistics should you wish to follow and verify what is said within the body of the article.

Misconception: We get most of our oil from the Middle East.*

*Fact: Just 9.8% of oil consumed in the U.S. comes from the Middle
East.*

According the U.S. Energy Information Administration, the U.S.
consumes 19.2 million barrels of petroleum products per day. Of
that amount, a net 49% is produced
http://www.eia.gov/totalenergy/data/annual/showtext.cfm?t=ptb0501a
domestically. The rest is imported.

Where is it imported from? Only a small fraction comes from the
Middle East, and that fraction has been declining in recent years.
Last year, imports from the Persian Gulf region – which includes
Bahrain, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and the United
Arab Emirates – made up
http://www.eia.gov/totalenergy/data/monthly/pdf/sec3_7.pdf 9.8%
of total petroleum supplied to the U.S. In 2001, that number was
14.1%.

The U.S. imports more than twice as much petroleum from Canada and
Mexico than it does from the Middle East. Add in the share
produced domestically, and the majority of petroleum consumed in
the U.S. comes from North America.

This isn't to belittle our energy situation. The nation still
relies on imports for about half of its oil. That's bad. But
should the Middle East get the attention it does when we talk
about oil reliance? In terms of security and geopolitical
stability, perhaps. In terms of volume, probably not.
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crashintuc34
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Message Posted: Feb 20, 2012 6:30:41 PM

Thank you come again.
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gknee09
Champion Author Philadelphia

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Message Posted: Feb 20, 2012 6:28:18 PM

They can't survive without anyone to buy their oil so just hang in there!
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bcok
Champion Author Los Angeles

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Message Posted: Feb 20, 2012 6:28:00 PM

3% isn't going to hurt anyone. I hope we need less or none at all from Iran.
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paulydel
Champion Author Delaware

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Message Posted: Feb 20, 2012 6:27:53 PM

Iran is digging their own grave.
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greenfog
Champion Author Illinois

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Message Posted: Feb 20, 2012 6:27:26 PM

looks like the only ones keeping iran afloat are china, india and north korea, we need to tariff all products from china and pull all sid to india and north korea, they wont last long.
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armey
Champion Author Oregon

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Message Posted: Feb 20, 2012 6:22:00 PM

Not good!
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ItisAJeepThing
Champion Author Tucson

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Message Posted: Feb 20, 2012 6:12:50 PM



Build the Keystone XL pipeline. it will provide a few thousand jobs during the two years that it will take to build it. It will provide a few hundred jobs as inspectors and pumping plant operators when it is running. Some of the oil will be refined in Texas, but most will be shipped to China as crude oil. A few more refinery jobs, a few tanker loader jobs and some sailors.

Besides, we can buy the oil to be refined from our friends in Canada instead of our enemies in Iran, Venezuela and a few other OPEC countries.

MAKE NORTH AMERICA ENERGY SELF SUFFICIENT!!! Canada, the U.S. and Mexico!!!

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Goofoff
Champion Author Virginia

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Message Posted: Feb 20, 2012 6:10:14 PM

Read
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thirty8paces
Champion Author Baltimore

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Message Posted: Feb 20, 2012 6:07:23 PM

Whatever.
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Crumbfel
Champion Author Virginia

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Message Posted: Feb 20, 2012 6:05:27 PM

Read
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spotterFL
Champion Author Florida

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Message Posted: Feb 20, 2012 6:03:57 PM

Build the pipeline and 3 refineries along the way south.

Tell Iran they can cut their own throats.
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REKEY
Champion Author South Carolina

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Message Posted: Feb 20, 2012 6:03:30 PM

Whew, 3%! What a blow!
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dale243
Champion Author Dallas

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Message Posted: Feb 20, 2012 6:01:48 PM

England and France don't buy hardly any oil from Iran anyway.
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slowtrain
Champion Author Georgia

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Message Posted: Feb 20, 2012 6:00:39 PM

Iran is committing suicide.
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ItisAJeepThing
Champion Author Tucson

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Message Posted: Feb 20, 2012 5:59:52 PM

The world wouldn't miss Iran, but the speculators will have a field day.

The U.S. only needs a few refineries to make all of the non-fuel products that we have to make from oil. The U.S. has a 100 year supply of natural gas that can be easily compressed into Liquified Natural Gas (LNG). Diesel engines can be easily converted to run on LNG. If all 18 wheelers were converted for about $2,000 to run on LNG and large high pressure (like propane) tanks were installed at all truck stops it would be cheaper to drive a big truck. American automobile manufacturers should start making cars and light trucks that run on LNG. They can go as far as a gasoline engine can on one tank of gasoline instead of 100 miles before recharging like EVs.

THE U.S. COULD EASILY BECOME ENERGY INDEPENDENT!!!
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dieselfiendSC
Champion Author South Carolina

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Message Posted: Feb 20, 2012 5:57:04 PM

Shut down Iran.
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mugrb
Champion Author Michigan

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Message Posted: Feb 20, 2012 5:54:23 PM

Yeah
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bra0712
Champion Author Arizona

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Message Posted: Feb 20, 2012 5:53:03 PM

Big deal they got Taiwan lol
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fire@53
Champion Author Philadelphia

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Message Posted: Feb 20, 2012 5:51:46 PM

So who are they really hurting? No oil sales no cash flow!
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slowpoke63
Champion Author Louisiana

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Message Posted: Feb 20, 2012 5:51:35 PM

ok
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Suzzoom
Champion Author Nevada

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Message Posted: Feb 20, 2012 5:50:58 PM

Hey, mplato--you get your crude wherever it's cheapest.
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mplato
Champion Author Columbia

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Message Posted: Feb 20, 2012 5:48:06 PM

can not believe that after all these years of sanctions out ALLIES have been buying their junk oil
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steve621
Champion Author Wilmington

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Message Posted: Feb 20, 2012 5:46:20 PM

o well
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geoutpb
Champion Author Midland Odessa

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Message Posted: Feb 20, 2012 5:46:19 PM

This is good news for one and all.
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Komet
Rookie Author Toronto

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Message Posted: Feb 20, 2012 5:44:53 PM

Oh good high gas prices...I can hardly wait! Hopefully this will make the baby boomers even richer.
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leemun
Champion Author Utah

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Message Posted: Feb 20, 2012 5:42:16 PM

What a meaningless gesture by the Islamofacists.
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MotoDad
Champion Author Phoenix

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Message Posted: Feb 20, 2012 5:39:46 PM

If Iran wants nukes, send them one.
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LegoVasavouchi
Champion Author Oklahoma

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Message Posted: Feb 20, 2012 5:39:20 PM

Fascinating.
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eddyp94
Champion Author Ontario

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Message Posted: Feb 20, 2012 5:36:23 PM

That's their problem now...
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ROSYMI
Champion Author Michigan

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Message Posted: Feb 20, 2012 5:36:08 PM

nothing new
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CrappieFool
Champion Author Alabama

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Message Posted: Feb 20, 2012 5:35:47 PM

Nobody will step up as long as BO is in office.
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MikeNE
Rookie Author Nebraska

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Message Posted: Feb 20, 2012 5:32:15 PM

Eventually, some nation or joint coalition of nations is going to have to teach this bullying country of Islamic Loonie-Tunes a lesson.
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milespergallon
Champion Author Illinois

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Message Posted: Feb 20, 2012 5:31:37 PM

That is no problem. And, we should be blocking ANY exports or imports to the terrorist nation!
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