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Chat Area => General Discussion Area => Topic started by: Varche on 19 February 2012, 13:52:41

Title: Sanctions against Iran- oil price hike?
Post by: Varche on 19 February 2012, 13:52:41

I have noticed that the price of diesel in the Uk and in Spain has edged up to new highs. Don't know why. The latest sanctions by the EU against Iran to commence from July1st are not going to help. Sadly Spain is very dependent on Iran for oil getting around 50% of its needs from them. I can see the price of motoring rising yet again. I dare say that the Uk won't be immune either. Here is an article about it.

http://www.theolivepress.es/spain-news/2012/02/19/thats-oil-we-need/

Title: Re: Sanctions against Iran- oil price hike?
Post by: bootie on 19 February 2012, 14:30:31

Yep 'fraid so.
although saying that perhaps Spain should look to Norway for oil after the latest find!

http://www.streetauthority.com/energy-commodities/most-exciting-oil-discovery-youre-not-hearing-about-458569?utm_source=outbrain&utm_medium=+referral&utm_campaign=sa-ob-0911 (http://www.streetauthority.com/energy-commodities/most-exciting-oil-discovery-youre-not-hearing-about-458569?utm_source=outbrain&utm_medium=+referral&utm_campaign=sa-ob-0911)

Now I'm in the business and hadn't heard of this one.... Big find and probably more to come.

Need a big tanker terminal somewhare central....Like Almeria, perfect!

Title: Re: Sanctions against Iran- oil price hike?
Post by: cem_devecioglu on 19 February 2012, 15:39:14

not a surprise.. some time ago I posted about it..

and guess who profit more from that >:(

Title: Re: Sanctions against Iran- oil price hike?
Post by: cem_devecioglu on 19 February 2012, 15:40:51

it wont be a mistake to say , world is dominated and ruled by big corporates  >:(