Archived material Access restricted Article
Rantburg

Today's Front Page   View All of Fri 03/17/2006 View Thu 03/16/2006 View Wed 03/15/2006 View Tue 03/14/2006 View Mon 03/13/2006 View Sun 03/12/2006 View Sat 03/11/2006
1
2006-03-17 Syria-Lebanon-Iran
Japan cuts Iran oil imports over nuke crisis
Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by Steve White 2006-03-17 00:00|| || Front Page|| [11132 views since 2007-05-07]  Top

#1 The important statistic is: Iran is a net importer of refined petroleum. We don't have to bomb them back to the Stone Age. A little blockade action and they will be riding stage coaches.
Posted by Listen To Dogs 2006-03-17 08:17||   2006-03-17 08:17|| Front Page Top

#2 Take note diplomatic weenies around the word. That’s how you send a message. Leave the bluster and saber rattling to the big boys. Justify your decision simply as a straightforward pragmatic move to better position yourself in the event of another world oil shock. There’s nothing like a little economic hit to accelerate reflection on the principles of Geo-political cause and effect.
Posted by DepotGuy 2006-03-17 09:01||   2006-03-17 09:01|| Front Page Top

#3 I'm not gonna sip from this single container from THIS straw. I'm gonna go use this other straw on the other side of the container.
Posted by Perfessor 2006-03-17 14:15||   2006-03-17 14:15|| Front Page Top

#4 At the macro level, probably, Perfesser. Then again, maybe not...

Someone please correct me, in lay language, where I'm wrong:

This will reduce their need to go to the spot market and pay the astronomical premiums which will result from, IIRC, 15% of the world's oil supply dropping out of the market. Everybody with solid contracts elsewhere will be shielded for the duration, except for possible pricing clauses which may allow for increases.

Everyone dependent upon Iranian crude will be in the spot market and it will be rather "exciting". You know what a bunch of panty-waists those oil traders are...

I expect China to suffer most - stuck with the spot market because they're rather jaded and believe they can head off the Iranian crisis to their own benefit, followed by Japan - to the extent they can't get reasonable replacement contracts, then Europe.

Howzat RB eggspurts?
Posted by Glirong Whong8693 2006-03-17 14:26||   2006-03-17 14:26|| Front Page Top

#5 What Depot Guy said.
Posted by Zenster 2006-03-17 14:36||   2006-03-17 14:36|| Front Page Top

#6 Banzai!
Posted by gromgoru 2006-03-17 19:47||   2006-03-17 19:47|| Front Page Top

#7 Go Nippon Oil!
Posted by Bobby 2006-03-17 22:21||   2006-03-17 22:21|| Front Page Top

16:42 Bystander
16:00 Bystander
14:50 Bystander
12:12 Bystander
13:15 Bystander
12:25 Bystander
23:55 trailing wife
23:52 trailing wife
23:48 twobyfour
23:46 3dc
23:44 D Harris
23:40 DMFD
23:39 SteveS
23:38 trailing wife
23:33 trailing wife
23:31 trailing wife
23:27 Grunter
23:23 Sherry
23:22 Duh!
23:21 CrazyFool
23:17 CrazyFool
23:17 Inspector Clueso
23:12 Duh!
23:07 Seafarious









Paypal:
Google
Search WWW Search rantburg.com