Fuel prices are set to rocket by up to 30 percent in the coming weeks after Iran announced today that it intends to halt all oil exports to the European Union in reaction to that organisation’s sanctions on the Middle Eastern nation over its non-existent “atom bomb” project.
The sanctions, announced on Monday by the EU, and fully supported by the Tory-Lib-Dem government, will ban all new oil contracts with Iran and freeze the assets of Iran’s central bank in the EU. The sanctions allowed existing deals to continue until July in order to give countries time to find other sources.
The Iranian government today announced that it was going to present a bill to its parliament this weekend calling for an immediate halt to oil deliveries to Europe.
“If this bill is passed, the government will be forced to stop selling oil to Europe before the actual implementation of their sanctions,” Emad Hosseini, a spokesman for the Iranian parliament’s energy commission, was quoted as saying.
The EU buys about 20 percent of Iran’s oil, one of the larger stockpiles in the world, and the Iranian cut-off, expected to be finalised on Sunday, will lead to dramatic shortages throughout Europe and price increases as alternative sources are acquired.
Once again, it is the ordinary person in the street who will pay the price for the continuing madness over Iran, generated on the basis of an easily-disproven series of lies over that nation’s nuclear project.
Even though all the official US and European intelligence agencies have confirmed time and time again that Iran neither has nuclear weapons or is even close to manufacturing them, the controlled media and their compliant establishment dupes, such as William Hague, keep on telling the public that there is an imminent danger.
This is all part of a deliberate campaign of war-mongering against Iran, driven primarily by the fact that it now leads Middle Eastern opposition to Israel, and thus has been identified for extermination by the Zionist neocon lobby, in exactly that same way that Saddam Hussein and Iraq were framed with the equally bogus “weapons of mass destruction” lie.
Many members of the EU are now heavily dependent on Iranian oil. Some 500,000 barrels arrive in Europe every day from Iran, with southern European countries consuming most of it. Greece is the most exposed, receiving a third of all its oil imports from Iran, but Italy too depends on Iran for 13 percent of its oil needs. If this source were to dry up abruptly, the economic conditions in the two struggling countries could become even worse.
Yesterday, the International Monetary Fund (IMF) warned of the economic consequences of the EU’s planned embargo. Stopping deliveries from the world’s fifth largest producer could drive up the price of oil by 20 to 30 percent, the IMF said.
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A good report here. http://www.youtube.com/watch?feature=player_embedded&v=N1GtcrVOYDw and article here http://www.prisonplanet.com/video-directed-history-the-war-on-iran-and-gold-for-oil.html
Some times backfires when you pick a fight doesnt it. We used to have a lot of gold. And we still pay money to India? LOL
these stupid basrards in government are playing straight into the arms of china
I don’t believe for one minute that they don’t know what they are doing.
It’s all deliberate, they are deliberately intending to stir up unrest.
They are after a Bolshevik revolution.
http://infowars.com
Map makers admit error on Glacier loss.
http://www.scotsman.com/news/odd/map_makers_admit_greenland_gaffe_1_2077854
I will tell you now, as soon as there is a panic everyone attempts to fill up at once. Many attempt to hoard fuel but 4/5’s of the fuel in any one nation is in the peoples fuel tanks! “Panicy” people will queue for hours for a gallon of fuel.
Remember the 70’s when Saudi was upset about Israel’s actions on the Palestine? It went far, far higher than 30% and that was in the days of plentiful supply and low prices.
This time Russia stated they will back Syria and Iran. Syria is about to be attacked in a couple of weeks. I see the Russians cutting their gas supplies to Europe. They have been supplying Syria with new fighter jets and defence equipment for this war.
The time scales to war are pushed harder because Assad said he is going to introduce a constitution and the vote in weeks, as soon as its drawn up. Nato has two weeks.
Most of the UK’s electric is from gas. So no fuel, no heating and no electricity.
Iran will cut off the Red sea. Just the threat will work because of insurance issues. Lloyds of London will have to foot that bill.
Iraq is now Shia controlled; they are backing Iran. Pakistan stated they won’t allow any US to fly from or cross their airspace or land.
China has stated most emphatically an attack on Iran will be seen as an act of war against China.
Iran & Syria have a pact like our Warsaw pact. Iran will have to be dragged in. Two weeks!
Turkey said they will not give Nato any radar info over Syria.
Afghanistan has been a little more quiet. I’ll give them two weeks before the people get back on the duck shoot again.
A US news team have been caught pre-practising the reporting of scenario’s of Hezbollah attacking Israel amongst other things.
The UK envoy is in Jordan now. I hope they slit their throats.
Then we have to consider Egypt, the canal and the real motivations of those gun toting “Libyans”. They will be chomping at the bit. The Bahraini and qatari want to be free of their masters too. They look to Iran and live on the Straits.
India was forever a foe with Pakistan but they have mutually agreed to buy Irans oil in gold. Another nuclear power with a space program. So are also fully capable of dropping a nuke anywhere on the Earth. Let’s not forget N. Korea’s never ending love of the USA too!
If God does not intervene and give Iran the bomb real quick all hell is coming to us all on a plate. On the bright side I did ask a Russian friend to make the H-bomb bury deep into Londons mud before going off. So we can have a two mile round lake fed by the Thames and nice rolling hills all round. It would fix many ills we have.
When N.Korea got the bomb, the yanks went quiet and slunk away. Give Iran the bomb!
Radio discussion on Thorium technology.
http://www.youtube.com/results?search_query=chemtrails&oq=