They do import gasoline, but it is no longer a majority of the gasoline they use, as it used to be. They use 400 MBPD and import 78 MBPD.
Posted on 03/18/2012 8:38:45 PM PDT by Razzz42
Iran may impose a blockade on oil exports that threaten the world’s economies as a reaction to new unprecedented sanctions, says its former intelligence minister Ali Fallahian.
Belgium’s Society for Worldwide Interbank Financial Telecommunication (SWIFT), which handles most international bank transfers, has eliminated Iran from its services.
The move is a “direct result of international and multilateral action to intensify financial sanctions against Iran," said SWIFT CEO Lazaro Campos. The embargo on Iran took effect Saturday and reduces Iran’s ability to use a secure network to receive payments. It also will affect Iranians wanting to receive money from relatives outside the country.
(Excerpt) Read more at israelnationalnews.com ...
Given the shape Iran’s economy is in, they need to sell oil much more desperately than the world needs to buy it.
How will they receive payment for their oil, or purchase gasoline and food? Gold maybe? Actual physical transfer?
How will they receive payment for their oil, or purchase gasoline and food? Gold maybe? Actual physical transfer?
Short answer is: Barter or bartering.
On the Iran home front, life on the streets gets even harder for the locals as without a way to transfer dollars in and out of the country (due to SWIFT banking tranfers being unavailable now), it will drive up the cost of acquiring dollars on the black-market for any purchase that required dollars. This in turn causes a type of inflation (or extra added tax) on Iran’s currency as it value declines.
Anyway, lots of action going on behind the scenes. To what end I do not know. I am not diabolical minded enough to understand all the manipulations...Could be just shear stupidity.
Iran needs to be told that at some point the buzzer goes off and YOU LOSE YOUR TURN.
All of this talk is getting boring.
Hit us with your best shot, Akmed. It’s your funeral.
All they gotta do is move to wind, solar and algae. /s
Yeah...Iran taking their oil profits and building oil refinery infrastructure doesn’t seem to be high on the agenda there, rather throw money at nuclear whatever and military toys.
Citizens suffer in the meantime.
This is a big f***ing deal.
...makes me think of the story, of who is more important?
The eyes said we are, the brain said I am, then the hands..... and then the asshole spoke, saying he was the most important and eveyone said no way. Then he went on to prove a point. He shut the whole system down.
The neat thing about this is that asshole called Iran can be surgically removed. They do not need to hold civilization captive. Let them be bombed back to their camel days.
Go right ahead towel heads. Keep your oil, we don’t want it. The top Muslim in charge here is screwing everything up anyway. You keep your oil, we’ll keep our food. Let’s see who lasts the longest.
Heard they’re smuggling tire gauges into the country, too.
They do import gasoline, but it is no longer a majority of the gasoline they use, as it used to be. They use 400 MBPD and import 78 MBPD.
Mine Warfare 101
1. Mines are put in by submarines and aircraft. Mines are given a 72-hour time delay before they arm.
2. The nation doing mine blockade announces these ports have been mined and the fields become active at “X” date and time (a grace period).
3. The nation on the receiving end of mine blockade therefore has the option of curtailing shipping in and out of these ports or running the minefield. The problem is modern mines have both ship counters, can be set to recognize sizes of ships (magnetic field strength), and have variable ON-OFF cycles. All these make countermeasures very difficult.
4. The mining nation has the option of curtailing the mine blockade at anytime. On curtailment of the mine blockade, the mining nation is required to remove and render safe all such mines in the enemy's waters.
5. All U.S. mines have “sterilization” circuits that “kill” the mine and render it inert after a given time. The problem for the nation that's had its ports mined is they don't know whether the mines in the water are still live and active or have come to the end of their lives and sterilized themselves.
6. A mine blockade is a very cheap and easy way to paralyze an enemy. On 9 May 1972, President Nixon announced the mining of Haiphong harbor and other choke points with a 72-hour grace period before these mines became active. Eleven vessels left Haiphong during the grace period. After the grace period expired, NO ships entered or left North Vietnamese ports until they were certified as cleared of mines on 27 July 1973.
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