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US Oil and Gas Association on Iran

Posted on 4/21/26 at 1:40 pm
Posted by jbdawgs03
Athens
Member since Oct 2017
13998 posts
Posted on 4/21/26 at 1:40 pm
Posted by jbdawgs03
Athens
Member since Oct 2017
13998 posts
Posted on 4/21/26 at 1:40 pm to
quote:

2 million barrels Seized without a single shot fired. MT Tifani, Indian Ocean. Loaded at Kharg Island. Destination: China New destination: US custody In 72 hours: April 19: MV Touska seized, Arabian Sea April 21: MT Tifani seized, Indian Ocean Nearly 2M barrels of Iranian crude. At $89/barrel = ~$178M seized in one boarding Iran is losing $400M/day from the blockade. Now losing entire cargoes at sea. And every barrel was heading to China.
Posted by Timeoday
Easter Island
Member since Aug 2020
23265 posts
Posted on 4/21/26 at 1:43 pm to
Exactly, yet the MSM certainly does not want the US citizenry anywhere near these stories.
Posted by OchoDedos
Republic of Texas
Member since Oct 2014
39946 posts
Posted on 4/21/26 at 1:47 pm to
You can bet your arse China will eventually get that oil. Trump and Xi are such big buddies...roll eyes
Posted by deltaland
Member since Mar 2011
102800 posts
Posted on 4/21/26 at 2:27 pm to
Now we should sell that oil to American refineries at a 25% discount to lower gas prices and use proceeds to help fund the war effort
Posted by AndyCBR
Baton Rouge, LA
Member since Nov 2012
8222 posts
Posted on 4/21/26 at 2:30 pm to
quote:

Now we should sell that oil to American refineries at a 25% discount to lower gas prices and use proceeds to help fund the war effort


To the victor goes the spoils.

Dunno why this was never done in Iraq, or at least a portion of their oil as payback for the war effort.
Posted by ThuperThumpin
Member since Dec 2013
9379 posts
Posted on 4/21/26 at 2:56 pm to
quote:

Dunno why this was never done in Iraq, or at least a portion of their oil as payback for the war effort.


The poor security situation probably had a lot to do with Oil companies not wanting to stick around and invest. However, since 2003, all revenues from Iraq’s oil sales have been funneled directly into an account at the Federal Reserve Bank of New York. So we didnt get their oil per se but what the US , was the continuation of OPEC pricing oil in dollars, the prevention of European reconstruction contracts in Iraq, the prevention of Iraq keeping its UN account in Euros, and other objectives related to maintaining the hegemony of the petro dollar on which the US economy relies.
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