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Page added on July 4, 2018

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Iran’s Guards threatens to block oil shipments in Gulf

Public Policy

An Iranian Revolutionary Guards commander said on Wednesday that Tehran will block oil shipments through the Strait of Hormuz in the Gulf if the United States bans Iranian oil sales.

“If they want to stop Iranian oil exports, we will not allow any oil shipment to pass through the Strait of Hormuz,” Ismail Kowsari was quoted as saying by the Young Journalists Club (YJC) website.

Reuters



118 Comments on "Iran’s Guards threatens to block oil shipments in Gulf"

  1. Duncan Idaho on Wed, 4th Jul 2018 7:41 pm 

    Well, at least they are not threatening to torch SA’s wells and refinery’s in 15 minutes (which they can easily do).
    There would be some blow back involved– but the world would be in a different condition.

  2. MASTERMIND on Wed, 4th Jul 2018 8:26 pm 

    Oil is going to spike on this news..reason: fear..

  3. Cloggie on Wed, 4th Jul 2018 9:01 pm 

    EU better buddy-up with Russia quickly. Soon this “gas-station masquerading as a country” could become the only source of oil left for Europe, courtesy Washington.

  4. Bloomer on Wed, 4th Jul 2018 9:55 pm 

    Trump played right into the hands of the Iranian radicals. He proved that the West could not be trusted. There was a legit chance for peace and true democracy in Iran. Now the chance of all out war has been heighten. Instability in the oil markets and the global economy has just begun.

  5. Bloomer on Wed, 4th Jul 2018 10:05 pm 

    President Obama gave the Iranian people who wish to live in peace and freedom hope for their own Independence Day. President Trump took it all away.

  6. twocats on Wed, 4th Jul 2018 10:05 pm 

    if US gets major compliance on oil exports out of Iran, forcing Iran to react, which then allows neocon dream of attacking iran, trump could easily see this as a chance to run-the-table in the mid-terms due to psyched up base.

    it’s a crazy thought – but we are talking about a raging moron here.

  7. MASTERMIND on Wed, 4th Jul 2018 10:21 pm 

    Clogg

    Do you ever stop sucking Putins cock? Geez get your dick out of the dirt..soy boy..

    LMFAO!

  8. MASTERMIND on Wed, 4th Jul 2018 10:22 pm 

    Twocats

    Isn’t amazing how much havoc one man can cause?

  9. Boat on Wed, 4th Jul 2018 10:31 pm 

    Let Iran block that oil to the world. N America dosent need any of it. The EU, China, India and other importers might ramp up the enforcement of oil trade while the US can eat popcorn and watch the show.

  10. Anonymouse1 on Wed, 4th Jul 2018 10:34 pm 

    Hasn’t Iran been threatening this since…1980? Oh yea and threatening the world with nuclear annihilation as well? Or was that Iraq? I cant recall But it was one of them, or maybe both. But Im pretty sure if Iran has been threatening the block the gulf since the early 1980’s, they could really be serious this time.

    Maybe someone should call in the worlds policeman to help change the Iranian government to one that has better attitude?

  11. Makati1 on Wed, 4th Jul 2018 11:01 pm 

    “Let Iran block that oil to the world. N America dosent need any of it.”

    Boat, that must be one of the most stupid comments you have made this year.

    The Us imported 3,677,314,000 bbls of crude oil and products in 2017. About 10 million bbls/day

    635,386,000 of those were from the Persian Gulf. About 2 million bbls/day.

    https://www.eia.gov/dnav/pet/pet_move_impcus_a1_MP0_ep00_im0_mbbl_a.htm

    Want to think and then restate your idea?

  12. Makati1 on Wed, 4th Jul 2018 11:08 pm 

    BTW: Two or three missiles and two or three oil tankers, sunk in the channel, would close the Gulf indefinitely. It would take five minutes. Not an empty threat.

  13. Boat on Wed, 4th Jul 2018 11:17 pm 

    Mak

    You are not a barrel counter. We have established that fact.
    Net imports is the key distinction. In an emergency Canadian and Mexican imports are all that are needed to cover the net 2.7 mbpd that the US uses per day.
    The rest of those imports you talk about are sold to other countries. I have explained the easy to read charts and posted them several times.
    N America is net oil independent. Get over it.

  14. joe on Wed, 4th Jul 2018 11:24 pm 

    It wouldn’t take much by way of incidents to make ships coming in and out of the straights uninsurable. It would force the US to take very visible action to calm the markets. If the US attacks Iran, it will do so alone. Even the UK begged Trump not to quit the deal. Israel of course is the director of Trumps Iran policy which seems to be so far one of simple hostility. An oil crisis right now could be a tipping point to force up interest rates and spark a continued global credit crisis which began in 2007.

  15. MASTERMIND on Wed, 4th Jul 2018 11:29 pm 

    Boat

    The US gets around 3 million barrels a day from the middle east..North America is not oil independent..And not all oil is equal..

  16. Boat on Wed, 4th Jul 2018 11:32 pm 

    Mm

    Can you read this

    https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MTTNTUS2&f=M

  17. Boat on Wed, 4th Jul 2018 11:43 pm 

    Here is Canada’s net exports to the US. It covers the net US imports.
    All those other millions of barrels that primarily go to foreign refineries in the US are for Us jobs and taxes but the refined products and crude are sold outside the US.

  18. Boat on Wed, 4th Jul 2018 11:43 pm 

    https://www.eia.gov/dnav/pet/pet_move_neti_a_EP00_IMN_mbblpd_m.htm

    The link.

  19. Makati1 on Wed, 4th Jul 2018 11:50 pm 

    Boat, now you are saying your god, the EIA is wrong and you are correct? Wow! A new arrogance for you! the Us will not/cannot get three more million bbls/day from Canada over night, if ever. Dreamer, or is it dellusionist?

    And you think that those bbls not being sold to other countries from the Us will not collapse the us oil industry? Hahahahahahahaha.

    Iran closes the gulf and you will be paying $10/gal for gasoline. Not to mention be in a depression. You have zero conception of the interconnectedness of the oil industry and your life, do you? None.

  20. MASTERMIND on Thu, 5th Jul 2018 12:03 am 

    Boat

    Shale will be out of business soon..They have never made a profit and own more debt than Saudi Arabia and Venezuela combined..The only reason they even exist is the fed’s ponzi economics and fake news to lure in ignorant banks and investors..

    Don’t get me wrong I am glad it happened because without out them we likely would have had an oil shortage and collapsed by now..I am just saying they are just a stop gap measure..

  21. Boat on Thu, 5th Jul 2018 12:06 am 

    Mak

    Did you look at the current eia links I just posted. Dumbass the charts are but a click away.
    As usual the information in mm’s links is old and does not reflect Permian production the last several months.

  22. Boat on Thu, 5th Jul 2018 12:09 am 

    Mm….Mak Jr

    Did you read the simple to read charts. Do you comprehend net imports. Do you comprehend Canada’s net exports to the US. Are you capable of not being an idiot.

  23. MASTERMIND on Thu, 5th Jul 2018 12:15 am 

    Boat

    Stop using straw mans and saying my links are old..And shale has likely peaked..

    BP questions pace of US tight oil growth as productivity fades –Platts

    “It does perhaps suggest that the very rapid increases in tight oil productivity that characterized much of the initial phase of the shale revolution may be beginning to fade,” Dale said.

    “More recently, increasing bottlenecks within the supply chain, together with signs that investors are becoming less willing to finance continued high levels of investment, suggest there may be some limits to the speed with which tight oil can grow going forward,” he said.

    https://www.spglobal.com/platts/en/market-insights/latest-news/oil/061318-bp-questions-pace-of-us-tight-oil-growth-as-productivity-fades

  24. MASTERMIND on Thu, 5th Jul 2018 12:17 am 

    Humans can not live without illusions. For the men and woman of today, an irrational faith in progress may be the only antidote to nihilism. Without the hope that the future will be better than the past they could not go on.

    -John N Gray

  25. Boat on Thu, 5th Jul 2018 12:25 am 

    Mm

    The Permain is producing 700,000 BPD more than your link claimed. Lol Idiot.

  26. print baby print on Thu, 5th Jul 2018 12:30 am 

    and oil down 10% hahahhahahahaha

  27. MASTERMIND on Thu, 5th Jul 2018 12:57 am 

    Boat

    No its not..Nice straw man..

  28. Brent on Thu, 5th Jul 2018 2:17 am 

    Boat we use around 18 to 20 million barrels of oil a day, but we produce around 11 million. My math is a little fuzzy but 20 million seems to be bigger than 11. Now let’s just say you are right . If Iran shuts the straight of Hormuz the countries buying that oil will need the get there supply from somewhere. They will buy from Canada and Mexico those countries you say we will get the oil from. Thus spiking oil prices and collapsing the world economy.

  29. onlooker on Thu, 5th Jul 2018 3:03 am 

    Boat and others don’t just look at the trees look at the entire forest:
    Modern civilization requires high levels of energy and material resources to manufacture and ship goods across extensive supply chains and lengthy distances, often involving JIT systems which will allow for only a few days’ worth of food, medicine, fuel, and even ammo in various cities and towns. This even applies to those who “have made well for themselves and [have] insulated themselves from the rest.”

    The implication is that it’s not just climate change but the whole system of industrial civilization that has allowed global population to rise to more than seven billion that is highly complex, and at some time that complexity may cause the same system to unravel as the effects of limits to growth become more pronounced due to diminishing returns.

    Meanwhile, ecological damage coupled with global warming can only make matters worse.

  30. Makati1 on Thu, 5th Jul 2018 3:17 am 

    Boat, are YOU capable of NOT being an idiot. I gave YOU the ref you are telling me I don’t understand. YOU are the one in denial. Mexico, Canada and everyone else, are going to sell their oil to the HIGHEST bidder, which will be China, Japan, etc. Not the bankrupt Us consumer.

    The Us is draining it’s reserves to keep prices down. Now why is that Boat? Could high prices trip the last shaking card and bring the whole Us economy to its knees? You and the rest of the Us will be in a depression that will make 1929 to 1934 look like a picnic at the beach. Get your head out of your oily ass and look at the real world.

  31. print baby print on Thu, 5th Jul 2018 4:57 am 

    This is a real threat . USA is stronger of course but not even usa will be able to stop iran of closing Hormuz and destroing ksa oil terminals. The Obama deal was god but only to postpone the iran getting the a bomb . Balisstic missile iran project is a serious threat , with know – how and thousands+ centrifuges a bomb is month or two away Israel nows that. Last time We got an obama deal when the 3 battle groups were in position, this time is all or nothing . Iran will bow down or fight back . War party in DC is ready this time is the real stuff in my opinion . Dollar is lost without iranian oil been sold in $ all factors combined give us a very grim picture I think Iranian wont kneel and Usa better start drafting

  32. print baby print on Thu, 5th Jul 2018 5:01 am 

    But USA should attack straight away before pulling any barell from the strategic reserves because will be nedeed even in the best case scenario

  33. Davy on Thu, 5th Jul 2018 5:52 am 

    “Boat we use around 18 to 20 million barrels of oil a day, but we produce around 11 million. My math is a little fuzzy but 20 million seems to be bigger than 11.”

    Well, from what I have learned from the experts here is “net” imports. After export of finished product and some types of crude the US net imports are lower than most realize
    https://tinyurl.com/ydy47xwq

    We can take this further for NA and show that if we include Canada and Mexico in this analysis then NA is close to energy independent.

  34. Davy on Thu, 5th Jul 2018 6:02 am 

    The Iranian Guard has been hyping the closure of the straits for how many years now? It hasn’t happened. There are too many other players that are Iranian friends that would be affected. In fact the act of closure would hurt places like China more than the US as far as the oil shipments. The military confrontation is another story and it is unclear who might win that.

  35. fmr-paultard on Thu, 5th Jul 2018 7:55 am 

    i’m a tard and a former paultard. i’m also a libtard. lately the struggle to maintain libtarding mindset has been difficult. i say we start kicking iran’s ass. for this reason i couldn’t agree more with supertards (swt, pbuh)

  36. peakyeast on Thu, 5th Jul 2018 7:56 am 

    Strange that the US government hasn’t realized that the poor gas mileage of american cars is actually one of the biggest security threats the nation has.

  37. onlooker on Thu, 5th Jul 2018 8:13 am 

    the poor gas mileage of american cars is actually one of the biggest security threats the nation has.—-
    Not just that. The whole vast suburban/highway personal and commercial motoring diaspora. The happy motoring would quickly turn to unhappy with $5 dollars or more per gallon

  38. print baby print on Thu, 5th Jul 2018 9:18 am 

    Yes davy it hasnt happend maybe wont happen now as well but I think this time is close than ever . and Usa will win no doubt but they need boots on the ground , who think otherwise is wrong, and yes the risk of escalation are great thats why israelis didnt bombed the busherer before its started working. Demise of the empire is on the horizont ( civilization as well) so I think its batter go down with a charge

  39. print baby print on Thu, 5th Jul 2018 9:20 am 

    And if Iran export shrink to zero those are not friends what do you think ?

  40. print baby print on Thu, 5th Jul 2018 9:22 am 

    Look to be clear Mulahhs like the power Trum , putin xin too they are not so crazy but the wars starts anyway because we are all greedy

  41. Boat on Thu, 5th Jul 2018 9:45 am 

    Davy

    You seem to get my point. Your chart shows it. Canada exports alone cover the US oil deficit.

  42. Sissyfuss on Thu, 5th Jul 2018 10:45 am 

    The games are over and things are starting to get serious. The unevolved mind of President Bone Spur thinks he’s starring in a John Wayne movie where the white manifest destinites always win. With Limits to Growth as a backdrop our antagonist goes full speed ahead, damn the torpedoes and the Russian whores. You can’t make this shit up but you can throw it against the fan.

  43. george on Thu, 5th Jul 2018 2:16 pm 

    What we’ve got here is failure to communicate

    lmfao

  44. Boat on Thu, 5th Jul 2018 5:56 pm 

    For years I have tried to explain a simple truth. The US public will support a president taking on any threat. This is why we spend over 600 billion on a military. Right or wrong we give the prez the power and the trigger. We may dump his party for a couple of cycles because of mismanagement but the new president will have the same huge military and a fresh trigger.

  45. Makati1 on Thu, 5th Jul 2018 6:55 pm 

    Boat, you are absolutely correct on this one. What I want to see is the Us brought to its knees financially so it cannot afford a large military budget, and has to bring its thug army and obsolete fleets home.

  46. Makati1 on Thu, 5th Jul 2018 7:15 pm 

    “As it stands now, only financial calamity will bring down the world’s foremost terrorist state. If such a scenario comes about, the US may become the recipient of the destruction, loss of life, and mayhem it has unleashed upon the world.”

    https://www.theburningplatform.com/2018/07/05/the-united-states-of-terror/#more-179257

    So be it! Today would be just fine with me.

  47. The Newfie on Thu, 5th Jul 2018 7:32 pm 

    Iran’s Guards threatens to block oil shipments in Gulf.
    And Trump replies: “Make my day.”

  48. Boat on Thu, 5th Jul 2018 7:45 pm 

    Mak

    If you could read a chart we might agree more often.

  49. Boat on Thu, 5th Jul 2018 7:53 pm 

    Mak

    Way back in 2013-2024 I wrote I disagreed with both parties on many issues. I also added I had yet to find a politician I felt comfortable with. I enjoy debating individual issues but find it almost impossible here. Most idelogies just won’t allow single issue debate on the merits. Just like politicians. Why is that

  50. Makati1 on Thu, 5th Jul 2018 8:01 pm 

    Boat…if you could read…

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