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Here Comes The Oil Glut: First Iranian Oil Tanker Sets Sail
Amid what is being reported as worrying discrepancies between the U.S. and Iranian interpretations of what had been agreed, an Iranian supertanker with 2 million barrels of oil is on its way to Asia after sitting in Iranian waters for months, likely to be the first vessel holding floating excess stocks to sail after the nuclear deal.
As David Sheppard (@OilSheppard) explains,
- Vessel is the Starla from Iran's NITC. Loaded at Iran's Kharg Island terminal just over a month ago before going dark
- Appeared labelled as sailing to Iraq's Basrah on June 8 - a smuggling tactic UK insurers have warned of in past
- Starla now listed as sailing to Singapore - which doesn't have a waiver from US to take any Iranian oil
- If this is Iran (tanker owned by NTIC) sending message would be very interesting.
- Tanker was in floating storage/off radar for month
- So interesting that Iran oil sailing to country that US does NOT allow to import Iran oil
* * *
4) Sailed to STS berth of the UAE's Khor Fakkan port, also used by smugglers http://t.co/Q33haiGnC4 pic.twitter.com/eOHFQcQ9o3
— David Sheppard (@OilSheppard) July 16, 2015
Smugglers? Or Iran sending a message?
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Root for the rag heads. My Jag runs very well on cheap Iranian oil, thank you very fucking much.
Buy gold and long bonds
Things are going well, I just wish Las Vegas would put up a betting line on doomsday because I wanna see who the overs and unders are......
Moar Lube Jobs
http://www.amazon.com/Passion-Natural-Water-Based-Lubricant-Gallon/dp/B0...
NO BUSH- NO CLINTON
Dont believe made up "poll" number reporting. Fuck them.
China was sucking up all the Iranian oil anyway, so I really don't see how opening sales to the west makes any difference. This is the real story behind crudes over supply.
Iranian crude shipped to Asia.
Payment with gold as with prior crude oil shipments to India?
There is the real answer for the Saud's flooding of the oil market. They are trying to starve Iran's military build-up and with Obama providing them with $150b large, best to cut off those additional dollars as much as possible.
Obama not only has set the table for the next large conflict, he's already chosen sides.
If by sides you mean both of them. Then yes.
Those towelheads have nukes in those ships! The israeli Freedom Army told us so.
So if china was sucking up all the oil, how do you explain this tanker with 2 million barrels just sitting around?
Goldman Sachs owns it and is short oil. They were waiting for the right moment to ship it to send a message to the market of an oill glut. Shorting is easy when you control everything. Why you think Obama got the Iran deal? Goldman wants it.
...sailing to country that US does NOT allow to import Iran oil
So, US controls everything?
Why not just use old Soviet election processes? For instance, Clinton/Bush 2016. Your choice is yes or no. You get a piece of paper and put it in a "yes" or "no" box under careful watch of government monitors. Egypt has the same tradition. I recall Mubarak (etc.) winning 98% of the vote. Damn popular, that guy.
who else noticed the canned Unicorn meat at the bottom of the amazon page?
Obama got crushed in negotiations again. Surprise!!!!!!!!!!!!!!!!!!!!!!
His puppet masters at the CFR told him to. Just following orders.
Because China, Russia, England, France, and Germany had no input into the process?
Was part of the deal that Iran would only accept USD for oil?
Excellent question.
Sure would explain why Singapore first...
No doubt. At the same time, they'll probably get some of that gold back.
Search Iran oil for gold. They must have a big hoard.
http://www.cnn.com/2012/11/29/world/meast/turkey-iran-gold-for-oil/index...
Hey Bastiat we had the same thought at exactly the same time. I checked with Nanex and i beat you by 4 seconds ( haha ). However you structured the sentence better than I.
I doubt they could blatantly put that in or if it is even necessary. But I don't know. Anyone got a link to the actual agreement in a digital, searchable format?
Tyler, Active Shooter situation in Chattanooga now apparently contained, one policeman and four Marines shot WRCB Channel 3.
Merely a diversion from the Shaq/Kardashian interview.
Who TF junked us? All four Marines have died. With Jade Helm going on oh forget it...
What are the fucking odds.
Of this shooting being connected to Jade Helm? Pretty good if you know anything about false flags and the recent hoax shootings designed to push the gun confiscation agenda.
How many death certificates will we see? Did they abstain from calling ambulances, again? Was the media there 10 minutes in advance? Was it another evil gun? How many crisis actors are there? Is it a distraction false flag on MSM....probably.
RIPS
My pinto loves cheap oil.
Oops, here comes an Israeli torpedo . . . .
Won't be easy getting through the Suez Canal...
Aquaba.
"My Jag runs very well...."
Your's must be the only one. :)
fwiw it's nice to have ZH in this century.
I'll take "Sending a message" for $200 Alex...
Is it being sold in $$$$$$$$$$$$$$$$$$$$$$$$?
Very good question. Maybe the petro-dollar still lives if the oil is sold to Singapore. In that case, we might be willing to look the other way if Singapore is going against an agreed boycott.
I thought China was buying all of Irans oil?
I have been under a similar impression. Somehow I doubt this is going to have a huge impact...it's "priced in". Then again, the Central Banks/NWO seem to be able to move prices on anything in any direction they want just by releasing bullshit news.
Nope india also buysand many asian nations .
And India already flat out refused to join our little embargo against Iran because they needed that oil and we could not dream up a viable alternative for them.
What was stopping this tanker from sailing to 'Asia' in the first place - a U.S. naval blockade...?
"Starla now listed as sailing to Singapore - which doesn't have a waiver from US to take any Iranian oil"
Amazing... So the long arm of $USD petro-hegemony-via-threat-of-regime-change extends all the way to Singapore...?
"Doesn't have a waiver from the US to take Iranian oil"
Hah ha ha ha ha ha ha ha
"We don't need no steeeenkin' waivers"
Can you rephrase that in the form of a question with a Chinese accent?
Good points. If the oil couldn't be sold we would be hearing all sorts of gloom out of Iran. I haven't heard any real severe bitching, wasn't Marc Rich given a full pardon?
This is a ruse to kill competition for the chosen ones to distribute it. I also think that Iran may already have nukes. They sure aren't bitching and moaning in the press. No, Virginia, I'm not talking about the FSA propaganda cartel. Iran has been strangely quiet as to any negotiations. That's smart to not negotiate in the press.
Do a little research on the net, and there are still lots of links describing what,where and
how they bought ex soviet mirv warheads on the black circa 1992.
Some intel type even blurted it out on Faux once that I saw.Which is why Israel is not
keen to go it alone attacking Iran.
Which leaves the question about what they were really negotiating about ?
"Doesn't have a waiver form the US to take Iranian oil"
Thats like getting a waver form from Turkey to move oil from Texas to Mexico. SO FUCKING RETARDED.
"Doesn't have a waiver form the US to take Iranian oil"
Thats like getting a waver form from Turkey to move oil from Texas to Mexico. SO FUCKING RETARDED.
I was surprised to look and see that the Baltic DRY Index is up over 50% in the last few weeks!!
Yet ANOTHER indication that everything is A-OK!
I've posted before on the problems American Frackers are facing, not the least of which is that all their hedges are running out. In fact, many companies only profits were from their hedges, when they go away, the companies lose money on every barrel pumped. Their debts are still there, junk bonds with high interest.
These Iranian tankers will drive a stake through one of America's great new job creators. Men and women were making real wages, the kind you can support a family and buy a home on. Now those people will be back scrounging for those 8-12 dollar an hour service jobs.
With China on the wane, and commodities like copper, iron, nickle and others tanking, oil has no up side, unless a major conflict with sinking tankers breaks out. If you are investing in that scenario, contact Israel, they may just start sinking Iranian tankers, because shipping oil threatens the precious Israeli state.
Long German U-Boats bought by Israel.....
http://www.bizjournals.com/houston/morning_call/2015/07/struggling-houst...
Yup, but as long as the low prices give Russia indigestion, it is all good. NVM our own industry is dying. Saudi Arabia has been pumping like mad to lower the prices and kill Russia - er, our industry, but will they continue to do so if Iran starts exporting to everybody again?
Well driving stakes through Americans hearts sounds like an Obama policy to me so that's probably true. Although its not as racially divisive as most of his plans.
Now I'm convinced that the Bank of Canada lower interest rates...to prepare for the absolute slaughter of Alberta's oil and gas industry, courtesy of the tsunami of Iranian oil coming in the next few weeks.
The Bank of Canada eased yesterday. So with 20-20 hindsight, you were right.
Their rate will drop to zero or near it, similar to Merika's plan of action. It's inevitable.
USD$1 = 2-to-3 Loonies in the near future.
Iran has NEVER started a war. The USSA urged and armed Saddam Hussein, a true madman, to start a war with Iran. Great losses on the Iranian side. Then the USSA shot down an AIRBUS filled with Iranian civilians. NEVER apologized!!!!
As Rush Limpballs calls Israel: "Our Greatest Ally"
Cost to American Taxpayer THREE TRILLION DOLLARS as of early 2003. Probably double that by now.:
http://www.wrmea.org/wrmea-archives/251-washington-report-archives-2000-...
Our "Brave Little Ally" Israel:
The USS Liberty shows how POWERFUL the Jewish lobby is:
http://www.ussliberty.org/index2.html
Also vital is reading James Ennes' book "Assault on the Liberty"
He was officer on the bridge when the attack started.
That Airbus was attacking us so we had to shoot it down.
Because the US Navy couldn't tell the difference between a passenger plane taking off from a civilian airport and an F-15 taking off from a military field. Back when it happened, some "expert military analyst" on ABC even hinted that the Iranians were a devious bunch -- launching their (USSA provided) F-15s from civilian airports in between commercial flights.
Must be some troll you seem to have got down voted for the truth.
Or arguing with a police person is kind of like arguing with my 4 yr. old!
Problem is I can win with either but the 4 yr.old has a temper tantrum and the cop may shoot you.
Both are made because they demand I respect them. I do the four year old. LOL LOL
I have family that live in a Military town.
weighing in at 274 and no body fat when I want a work out I just tell the truth.
they some how don't like the fact that the wars we have been in since II killed more civilians like 3 or 4 to 1.
and you want me to listen to your hero crap.
"Don't miss understand me I have respect for the blind loyalty and hard work"... but hero for killing.
Or how about a president that doesn't correct and just repeats mistakes that could get humans killed
Iran never said wipe off the map.
See 1
or
See 2
http://www.veteransnewsnow.com/2015/06/15/519050please-help-us-overcome-...
"Since the founding of Israel, proponents of justice for Palestinians and critics of Israeli policy have experienced accusations of anti-Semitism. While some accusations may be made spontaneously and individually, this accusation is often made cynically in order to silence criticism of Israeli actions and policies. As one former Israeli lawmaker explained on Democracy Now, “It’s a trick – we always use it…”"
http://www.foreignpolicyjournal.com/2010/06/17/top-ten-myths-about-the-i...
I am a jew and dont know what antisemitism means. I never liked the word. I think if people hated jews it would make more sense to call that behaviour antijudaism or something along those lines. Its stinks of newspeak.
That being said, jews are easy to hate for any number of reasons the least important of being anything "palestine" related. Nobody cares about palestinians. Not the israeli leftists, not Hamas, not the PLO, nor even palestinians themselves.
forget about race and religion issues; they are all smoke and mirrors.
Think about geopolitics and you will hit the nail on the head. The issue is not antisemiticism the issue is Zionism; aka an apartheid political construct.
In Iran its a power structure that is vertical and uses religion for holding feudal power.
Same in Saud.
Now the question is WHY a modern nation like the USA gets involved with regressionary nations like Iran, Saud and zionist Israel.
The answer is very simple : US imperial power has to control the one commodity that makes the world go round : CHEAP and ABUNDANT for EXPORT ME OIL. And it all began during the Great Game of Britain vs Russia in 1800 and went Oil monopoly oriented when Mr D'Arcy of Anglo Persian Oil bought a whole swathe of Iran--over a million sq. Kms-- for 10000 £ in 1908 with all mineral rights forever, until Mossadegh nationalised it back in 1951; whence the CIA/MI6 play in 1953 with the Shah put in place.
If it loses that petrodollar link it goes bust as its floating on debt!
Palestine is like Greece, its the pebble that hurts in the Imperial shoe, until it becomes the straw that breaks the Imperial camel's back. This is a thousand year old history that repeats.
When the Crusades began they said : God wills it. Bullshit. Even then, the Crusades were about expropriating the riches of Orient, spice and silk and precious stones. The real objective for the Franks was not Jerusalem, the symbol; the real Objective was Byzantine Constantinople, where all the riches ended up. And they got it in 1204.
The Templar were the oldest banking combine of the TBTF barons of Frankish monopoly games. Until they lost their hold on Constantinople as on Palestine and ended up being burned on the Island of Jews in PAris and having all their wealth confiscated by Pope and King.
Thats what we should do today to the new banskter cabal.
Well to me it all has to boil down to race. I refuse to believe that men with enough money to last them a hundred lifetimes get into so much trouble to get enough to last them 200 lifetimes.
Look at Soros, he would be dead already without his morning baby.
They want something that will only exist after they are dead. Putatively their families, but what are their families but their own genes? And what are your genes and family but your extended family and race?
Thus its about race.
Iran participates in plenty of proxy wars. Started them? Dunno, they participate.
Can someone tell me why the price of gasoline has jumped almost a dollar overnight in California? Cheapest in my area is now $4.00. I've heard that in other parts of the Los Angeles area it's as high at $6.00!!!
Last fill up I paid 3.29. WTF?????
Heard on MS radio that it was some refinery "problems" that jumped the shark.
Don't worry, Maxie Waters (D-43rd district) will take care of us.
And no, no $6.00, ref .... http://www.gasbuddy.com/GasPriceMap
Because when you have a terrible drought people start commuting to work more.
It's really all about the math actually...
More expensive summer blends?
BS and "Sheeple" people compared to sheep in being docile, foolish, or easily led.
I mean gosh. Cop's have don't serve the people any longer kill at will.
I mean TWO Trillion went to the banks we all owe at least $60,000.00 more than we would have and we still pay taxes.
The "goverment people" are not in it for the citizens.
And judges and prosecution are in it for the score like a ball game, justice kind of dead in USA.
I mean they hire people so stupid they seem to be able to sleep at night, content locking humans up for years for "Pot"
At best false shortage of blend.
the one thing that gives me some hope is the internet.
Higher "Gatemouf" gas taxes.
Its a free market. Sellers can charge whatever they want. Dont buy if you dont want to.
Arms, Oil and $ reserve are NOT free commodities. They are imperial commodities and are tied to the power equation of Imperial constructs.
There is little demand elasticity for nuclear arms; there is little demand elasticity for Saudi oil, as its so cheap (cost wise) none can compete with it and beyond that its tied to the reserve so its incestuous to Imperial power. There is little demand elasticity for a monopoly reserve currency until there is a viable alternative.
And trying to create a market economy for all three of these vital commodities leads inevitably to war IF the world is dominated by ONE superpower; as today.
You have to first BELL THAT CAT !
So if congress fails to appove this deal, the ship turns around?
Iran Deal Heads Toward Showdown With Adelson’s GOP
http://www.lobelog.com/iran-deal-heads-toward-showdown-with-adelsons-gop/
Escobar's take:
http://www.veteransnewsnow.com/2015/07/14/historic-iran-nuke-deal-resets...
The Presidential puppet and chief is going to be really surprised when the Iranian oil tanker cruises right past Japan,and docks in Long Beach,Cal..
The Starla Valdez will beach and spill it's load in California. That should make Moonbeam happy with all those shovel-ready jobs boosting the local economy.
The Iranians will be laughing up their sleeve.
As I've stated before, we're not getting any new oil on the market. The oil was already moving as shadow oil at a steep discount, causing price gravity as Saudi attempted to compete. It will now move as "legal" oil without a discount. What pea is the hand hiding in??
That's not what I heard. I read recently that Iran was managing to get about 1mm bpd past the embargo (probably overland).
This will increase to 2mm bpd thus increasing the worldwide oil glut.
The Oil glut is the ILLUSION of a material commodity society that finds no buyers, because the financial society has killed that OPTION. Its has become so cancerous that reality is now PAPER wealth denominated in fictitious IOUs.
They prefer that, the Oligarchy HOT money, which buys toxic paper money with theoretically high returns in WS, than to buy REAL wealth which is based on a non renewable and increasingly expensive (in terms of cost) commodity that is the BEDROCK of the industrial and post industrial society; and which has FUELED literally the explosion of world population from 2.5 billion in 1950 to 8 billion in 2015.
If the energy equation now goes asymptotic and energy finds no buyers its goodbye fiat wealth based on a toxic cushion of paper now being pumped by the CBs and their owners the TBTF, and its goodbye world population. !
Semantics.
what about the logic behind that remark?
Its a chocker block full of nothing until you show your cards.
Not saying : es tu Brutus?
No dagger, no Ides of march to "semantic" bombasticity.
Drag queens with beards, skirts and air cooled testicles.
it's called quid pro quo, Mr Sheppard
"Starla now listed as sailing to Singapore - which doesn't have a waiver from US to take any Iranian oil
http://www.theguardian.com/world/2015/feb/18/us-to-base-four-warships-in...
The US paid a small price for berthing four warships in Singapore.
They didn't want everyone to think that their proscriptions and waivers could be traded for the berthing of ships like those vending machines which trade you six peanuts for a quarter, so they didn't tell anyone they gave Singapore the men's room wink.
There'll be a lot of gnashing of teeth at the Wailing Wall
Enjoy the oil glut while it lasts because somewhere down the line we are gonna get scrrrrrewed. Tight oil is a flash in the pan and there are 7 billion people on the planet.
We need more people to help with the labor shortage.
I'm working on it.
Sailing to Singapore doesn't mean delivery to Singapore.
Delivery to China would make sense and delivery to Japan would also make sense.
It's a Gusher!