Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:06 PM

GasBuddy News Article

57
votes
Iran could begin feeling a further squeeze on its oil income soon

Washington Post -- Ever since European seaports closed their gates to Iranian oil tankers last summer, Iran has looked to the East to keep its economy afloat. Countries such as China, India and South Korea — some of them critics of Western sanctions — have offered Iran a lifeline of reliable markets and much-needed dollars.

But perhaps not for long. In just over two weeks, the Obama administration will begin enforcing a little-noticed statute that could dry up one of Iran’s largest remaining sources of oil income, U.S. officials say. Beginning Feb. 6, Iran still will get paid for the oil it delivers to Asian markets, from Mumbai to Shanghai to Pusan — only not in cash.

The law, part of a package of sanctions approved last year, requires that foreign governments keep any payments for Iranian oil locked up i


Read the Full Article

Submitted Jan 21, 2013 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Iran could begin feeling a further squeeze on its oil income soon Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:24,611
Points:2,538,090
Joined:Nov 2008
Message Posted: Jan 25, 2013 4:48:36 AM

while we piddle around w/ Iran and N. Korea, our allies in Europe and elsewhere are suffering severely under the economic problems. Maybe it's time to turn the attention to them?
Profile Pic
honda0105
Champion Author Tallahassee

Posts:24,611
Points:2,538,090
Joined:Nov 2008
Message Posted: Jan 24, 2013 4:55:21 AM

we're driving Iran into a corner. Not a good thing.
Profile Pic
ciimike
Champion Author Nevada

Posts:4,773
Points:1,195,475
Joined:Aug 2005
Message Posted: Jan 22, 2013 9:21:17 AM

I foresee more engagements of terrorist activities in our future.
Profile Pic
remay
Champion Author Houston

Posts:10,284
Points:3,030,590
Joined:May 2006
Message Posted: Jan 22, 2013 5:53:36 AM

We'll see... I wouldn't hold my breath...
Profile Pic
dudleydolittle
Champion Author Cleveland

Posts:7,980
Points:1,432,335
Joined:Sep 2011
Message Posted: Jan 22, 2013 5:39:26 AM

ok...
Profile Pic
CIWS
Champion Author London

Posts:2,856
Points:1,240,685
Joined:Feb 2011
Message Posted: Jan 22, 2013 1:09:40 AM

How do say Iran push back? Backed into a corner a rat fights.
Profile Pic
Zonk
Champion Author Michigan

Posts:9,975
Points:2,955,800
Joined:Oct 2005
Message Posted: Jan 21, 2013 11:41:58 PM

More exports to China, India, and like countries will weaken this sanction.
Profile Pic
suzmar
Champion Author Texas

Posts:3,497
Points:1,485,415
Joined:Jun 2006
Message Posted: Jan 21, 2013 11:33:06 PM

Could we get some fresh news?
Profile Pic
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Jan 21, 2013 11:31:00 PM

Only if the countrries follow the rule.
Profile Pic
jkpsr
Champion Author New Jersey

Posts:5,978
Points:1,663,995
Joined:Jun 2005
Message Posted: Jan 21, 2013 11:30:47 PM

Keep tightening the noose.
Profile Pic
crreed1
Champion Author West Virginia

Posts:5,296
Points:3,293,760
Joined:May 2005
Message Posted: Jan 21, 2013 11:29:38 PM

we will see
Profile Pic
comprof
Champion Author Houston

Posts:10,658
Points:2,240,840
Joined:Jul 2009
Message Posted: Jan 21, 2013 11:25:26 PM

The quicker the better!
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:12,019
Points:2,551,620
Joined:Sep 2005
Message Posted: Jan 21, 2013 11:25:13 PM

Just can't see China going along with this.
Profile Pic
gasmack
Champion Author Ventura

Posts:4,202
Points:1,440,095
Joined:Feb 2011
Message Posted: Jan 21, 2013 11:23:30 PM

Hope they feel the pinch and it makes them see reality
Profile Pic
defiancegasman
Champion Author Ohio

Posts:7,198
Points:1,358,130
Joined:May 2006
Message Posted: Jan 21, 2013 11:22:52 PM

I like the idea in theory, but how is the US Government going to ENFORCE the trade and banking practices of OTHER COUNTRIES when we are not really involved in the trade???
Profile Pic
VanIsleLes
All-Star Author British Columbia

Posts:898
Points:334,395
Joined:Jun 2012
Message Posted: Jan 21, 2013 11:22:41 PM

ok
Profile Pic
AKmailman
Champion Author Alaska

Posts:9,159
Points:2,440,245
Joined:Jul 2004
Message Posted: Jan 21, 2013 11:21:59 PM

Putin and the KGB will help them out
Profile Pic
JeffersonState
Champion Author Oregon

Posts:1,100
Points:820,180
Joined:Dec 2012
Message Posted: Jan 21, 2013 11:21:52 PM

With that government who knows what they might do as a result. Too bad the people cannot take the power away from that government.
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:6,377
Points:1,411,245
Joined:Nov 2011
Message Posted: Jan 21, 2013 11:21:19 PM

Interesting.
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:5,293
Points:1,275,795
Joined:Mar 2012
Message Posted: Jan 21, 2013 11:20:13 PM

Good
Profile Pic
HEBster
Champion Author Kentucky

Posts:12,166
Points:3,242,665
Joined:May 2006
Message Posted: Jan 21, 2013 11:18:13 PM

Among other things(hopefully)!!!
Profile Pic
skybiker
Champion Author South Carolina

Posts:9,723
Points:2,421,870
Joined:Jul 2008
Message Posted: Jan 21, 2013 11:18:06 PM

One can only hope!!
Profile Pic
bridgerunner
Champion Author Virginia

Posts:11,544
Points:1,891,060
Joined:Jul 2009
Message Posted: Jan 21, 2013 11:17:22 PM

I hope they feel the squeeze.
Profile Pic
MotoDad
Champion Author Phoenix

Posts:1,897
Points:1,534,235
Joined:Sep 2006
Message Posted: Jan 21, 2013 11:16:30 PM

they will get it somehow.
Profile Pic
jtfftj
Champion Author New Hampshire

Posts:2,845
Points:2,022,295
Joined:Sep 2005
Message Posted: Jan 21, 2013 11:16:25 PM

Dream on.
Profile Pic
gsayeg1
Champion Author Milwaukee

Posts:1,796
Points:266,220
Joined:Jun 2008
Message Posted: Jan 21, 2013 11:15:46 PM

could not happen to a nicer bunch of guys
Profile Pic
Dailyrun
Champion Author Kentucky

Posts:2,217
Points:434,915
Joined:Apr 2012
Message Posted: Jan 21, 2013 11:15:26 PM

Did they think it would last forever?
Profile Pic
Toppers
Champion Author Atlanta

Posts:12,464
Points:3,387,375
Joined:Mar 2005
Message Posted: Jan 21, 2013 11:14:28 PM

Let's hope!
Profile Pic
joel27nc
Champion Author Raleigh

Posts:14,083
Points:2,781,345
Joined:Mar 2008
Message Posted: Jan 21, 2013 11:13:45 PM

So they stopped the cash and gold; what's next, silver?
Profile Pic
carinthuist
Champion Author San Francisco

Posts:6,452
Points:1,115,700
Joined:Mar 2012
Message Posted: Jan 21, 2013 11:12:03 PM

about time
Profile Pic
Quick68
Champion Author Columbus

Posts:13,057
Points:2,108,975
Joined:Dec 2009
Message Posted: Jan 21, 2013 11:11:22 PM

Iran is still running the USA.
Profile Pic
dudleydolittle
Champion Author Cleveland

Posts:7,980
Points:1,432,335
Joined:Sep 2011
Message Posted: Jan 21, 2013 11:10:54 PM

old
Profile Pic
bikechuck
Champion Author Indianapolis

Posts:10,570
Points:2,921,650
Joined:Apr 2006
Message Posted: Jan 21, 2013 11:08:33 PM

How is the Obama administration going to enforce our statute on other nations? Looks good on paper but is it practical?
Profile Pic
PrinceLH
Champion Author Ontario

Posts:6,245
Points:1,436,695
Joined:Jun 2011
Message Posted: Jan 21, 2013 11:07:36 PM

They need a good whacking!
Profile Pic
Darwin00
Champion Author Mississippi

Posts:2,055
Points:1,075,975
Joined:Dec 2010
Message Posted: Jan 21, 2013 11:06:13 PM

Interesting!
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:6,275
Points:1,593,825
Joined:Jan 2010
Message Posted: Jan 21, 2013 11:05:07 PM

Tighten the screws on Iran.
Profile Pic
gasguzler4667
Sophomore Author Ottawa

Posts:202
Points:10,210
Joined:Nov 2012
Message Posted: Jan 21, 2013 11:04:10 PM

AH TOO BAD.
Profile Pic
cheaper0ON
Champion Author Ontario

Posts:4,470
Points:1,325,805
Joined:Jan 2012
Message Posted: Jan 21, 2013 11:03:58 PM

Good.
Profile Pic
bluegrasser1
Champion Author Richmond

Posts:19,626
Points:3,486,165
Joined:Sep 2005
Message Posted: Jan 21, 2013 11:03:47 PM

ok
Profile Pic
Blue_Cruzer
Champion Author Lexington

Posts:8,894
Points:1,942,465
Joined:Mar 2007
Message Posted: Jan 21, 2013 11:02:07 PM

China and other far eastern countries are buying up all they can.
Profile Pic
SparkieMi
Champion Author Kalamazoo

Posts:6,591
Points:1,442,855
Joined:Sep 2011
Message Posted: Jan 21, 2013 10:59:17 PM

Surprise, surprise....
Profile Pic
Chris46
Champion Author Dayton

Posts:52,062
Points:2,970,965
Joined:Sep 2005
Message Posted: Jan 21, 2013 10:57:58 PM

Squeeze them hard
Profile Pic
rjoeh
Champion Author Michigan

Posts:10,593
Points:3,397,315
Joined:Jun 2004
Message Posted: Jan 21, 2013 10:56:56 PM

They could, but I doubt the current administration could live up to doing what is needed.
Profile Pic
Is246
Champion Author Albuquerque

Posts:1,118
Points:911,540
Joined:Apr 2011
Message Posted: Jan 21, 2013 10:53:26 PM

bout time.
Profile Pic
DrGasPain
All-Star Author Dallas

Posts:537
Points:1,074,155
Joined:Mar 2011
Message Posted: Jan 21, 2013 10:50:04 PM

Obama approve measures like this that will hurt his Muslim brothers, come on, get real. I'll believe it when I see it.
Profile Pic
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Jan 21, 2013 10:47:09 PM

All these measures will not make any difference or influence Iran in any way.
Profile Pic
BREW9
Champion Author Tampa

Posts:4,392
Points:3,768,385
Joined:Jun 2004
Message Posted: Jan 21, 2013 10:42:55 PM

good
Profile Pic
mcmonsta
Champion Author Honolulu

Posts:6,469
Points:1,734,825
Joined:Sep 2009
Message Posted: Jan 21, 2013 10:42:30 PM

its only for a short time before they find more buyers
Profile Pic
RAKARWOWSKI
Champion Author Chicago

Posts:7,471
Points:1,751,875
Joined:Jan 2011
Message Posted: Jan 21, 2013 10:38:44 PM

I would like to hug Iran to death.
Profile Pic
blazerbob91
Champion Author Milwaukee

Posts:7,107
Points:2,727,960
Joined:Aug 2005
Message Posted: Jan 21, 2013 10:38:04 PM

Another crazy dictator run country
Profile Pic
Buddy2264
Champion Author Tampa

Posts:15,274
Points:3,295,595
Joined:Oct 2005
Message Posted: Jan 21, 2013 10:38:03 PM

So far it has not seemed to raise our prices. In time their oil will come back on the market when they give up on their ambitions.
Post a reply Back to Topics