Thursday, January 7, 2010

How much oil wold the USA loose if supply lines were cut off with Iran?

Iran today said that they would cut off oil supply channels if attacked. How much Does the USA get from that area


? I think its alotHow much oil wold the USA loose if supply lines were cut off with Iran?
You ';think'; its a lot? On what do you base that opinion? In fact, the US gets none of its oil from Iran, and that has been true since 1987. However, Iranian oil supplies much of the rest of the West, as well as Japan. A cut-off of Iranian oil would severely impact those countries.How much oil wold the USA loose if supply lines were cut off with Iran?
It's not as easy as all that. Iran is an oil exporter but not an oil refiner. It sends its oil to other countries and the other countries then sell the refined oil on to America.





If Iran were to cut off supplies it would effect the whole world, other countries would try to secure supplies which would mean that there was less to go around and the price would go up. America would not actually loose oil but rather the oil would become much more expensive and many US companies would no longer be able to afford to buy so much.





Of course, what you REALLY need to worry about is not Iran cutting off its own oil production but rather Iran interfering in the supply of oil from other countries.





Iran could make life very difficult for tankers in the Gulf region and beyond. This would effect oil supplies from Iraq, Saudi Arabia and so on. IT wold massively hike the price of oil world wide and would put the US at the mercy of Russia and Latin American oil and gas suppliers.
not any directly...... we dont buy oil from Hugo Chavez, but Mexico does, and we in return buy it from mexico.... yes, a double standard.


so if we get oil from Iran, its not directly....... but where Iran could REALLY cut us off is, if they are able to denominate oil for euro's, that could prompt other OPEC members to jump ship..... remember OPEC is forced to buy back a portion of our national debt in our original agreement in the 1970's.... sooner or later, they are going to bail out on the falling dollar.


this is why Iran is a threat..... it has NOTHING to do with nuclear weapons..... thats old fashioned propoganda.
not much if not any, but Iran does provide alot more gas to the world than oil, so be warned as prices would hike if Iran was attacked
We had better sit down and negotiate with Iran before that happens. I'm sure there are reasonable people in Iran that just need to be listened to.
Iran doesn't have refining capacity so it would cut both ways.
A lot but then Iran would lose the income and fall apart quickly. No money means no food etc. So end of Iran. As usual the Iran leadership does not think beyond its horns.
Iran is full of ****. I wish we could just nuke them and get on with it.

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