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Forum - Wall Street Pit (Triton Energy Ltd - OIL)    Stock Due Diligence for All

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From: moltenlava (Rep: 15) reply to deaconmikeDate: 02/19/2012 19:15
Forum: Wall Street Pit - Msg #2239723 - List OIL msgs Thread #673362856 (Rec: 0)
Re: Iran has stopped selling crude to British and French companies, the oil m...

Russia has their own oil and sells large quantities to Europe. China is Iran's biggest customer.

Oil prices could skyrocket on this news.

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Reply to deaconmike - Msg #2239697 - 02/19/2012 11:09

Re: Iran has stopped selling crude to British and French companies, the oil minis...

The suits running Iran probably went long oil a few months ago
so this will be a windfall for them. They'll still be able to sell oil
to Russia and several other countries, correct?
Help em pay for their nuclear program.
And as usual, we'll be the ones assuming the position as the
sanctions put on Iran will cause us to end up paying $4.50
for a gallon of gas and higher prices for goods. Perfect.
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