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Message
Sanctions turning off the spigot for Iranian crude
Posted on 7/18/18 at 12:12 am
Posted on 7/18/18 at 12:12 am
LINK
Some forecasts have their production dropping by two-thirds, possibly to as low as 700,000 bpd.
India (privately) and Japan (publicly) will seek out alternatives if we don't grant them a waiver - the two combine for nearly 800k bpd in imports. South Korean imports are already down 40% year over year. Greece and Spain have already begun to cut imports as well. Swiss bank BCP has announced they won't fund cargo shipments out of Iran.
Even if China decides to play hardball and ignore the sanctions (not confirmed), Iran is going to take a fricking beating on this. I think we're looking at 9 months or less before the SHTF. Maybe < 6.
Some forecasts have their production dropping by two-thirds, possibly to as low as 700,000 bpd.
India (privately) and Japan (publicly) will seek out alternatives if we don't grant them a waiver - the two combine for nearly 800k bpd in imports. South Korean imports are already down 40% year over year. Greece and Spain have already begun to cut imports as well. Swiss bank BCP has announced they won't fund cargo shipments out of Iran.
Even if China decides to play hardball and ignore the sanctions (not confirmed), Iran is going to take a fricking beating on this. I think we're looking at 9 months or less before the SHTF. Maybe < 6.
6
Posted on 7/18/18 at 12:16 am to Muthsera
Hope it gets bad enough a much needed and long overdue social revolution occurs.
Posted on 7/18/18 at 3:19 am to Muthsera
quote:yippee! We gonna ride in Louisiana - $4.00 a gallon gas by Labor day.
Some forecasts have their production dropping by two-thirds, possibly to as low as 700,000 bpd.
Posted on 7/18/18 at 5:14 am to Muthsera
quote:
I think we're looking at 9 months or less before the SHTF. Maybe < 6.
And what is the result? What will this accomplish?
Posted on 7/18/18 at 6:04 am to Muthsera
Trumps still pissed about Iran taking hostages in the 70's.I don't think he'd mind if the Mulahs and Ayatolla's were ousted in Iran.
Posted on 7/18/18 at 7:27 am to Muthsera
Looks like it's time for the US and Saudi productions to ramp up to meet demand.
Posted on 7/18/18 at 8:44 am to Muthsera
quote:
Sanctions turning off the spigot for Iranian crude
I have done no such thing
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