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Iran Cuts Crude Exports To Six European Countries

Tyler Durden's picture



Update: Brent over $119; WTI over $102

PressTV has just issued a breaking news alert:

  • In response to the latest sanctions imposed by the EU against Iran's energy and banking sectors, the Islamic Republic has cut oil exports to six European countries
  • Iran on Wednesday cut oil exports to six European countries including Netherlands, Spain Italy, France, Greece and Portugal.

Still positive that China does not want Iran's crude? Oh, and congrats on just buying yourself record high gasoline prices Europe.

And making sure that Iran's message of defiance (thank you hyperinflation and no other alternatives) is heard loud and clear, Iran also announced "bright" developments in its nuclear program:

  • Iran's President Mahmoud Ahmadinejad will unveil the country’s latest nuclear achievements for peaceful purposes.

  • Deputy Secretary of Iran's Supreme National Security Council (SNSC) Ali Baqeri said the first domestically-produced nuclear rods will be placed at the Tehran Research Reactor on Wednesday.

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Wed, 02/15/2012 - 08:01 | 2161021 Quinvarius
Quinvarius's picture

Who runs Bartertown!?

Wed, 02/15/2012 - 08:02 | 2161024 Bobbyrib
Bobbyrib's picture

You can if you start building it now.

Wed, 02/15/2012 - 08:54 | 2161137 bobola
bobola's picture

Am riding my bike to work today.

Car has the day off.

Who's with me..??

Wed, 02/15/2012 - 08:57 | 2161152 Ruffcut
Ruffcut's picture

Too cold and i'm too fucking lazy. Go ride and i'll watch from my warm vehicle.

Wed, 02/15/2012 - 13:45 | 2162507 Citxmech
Citxmech's picture

For now. . .

Wed, 02/15/2012 - 14:58 | 2162834 wanklord
wanklord's picture

WWIII is just around the corner...get ready for the upcoming false flag attacks (either in continental United States or the Strait of Hormuz) that will justify military action against the Islamic Republic of out all of your investments now, because as soon as the first bullet is fired in the Persian Gulf, they will become worthless financial instruments...the writing is on the wall.

February 14, 2012 2:21 PM

US, Europe look at fast but risky penalty on Iran

WASHINGTON — The United States and Europe are considering unprecedented punishment against Iran that could immediately cripple the country's financial lifeline. But it's an extreme option in the banking world that would come with its own costs. The Obama administration wants Iran evicted from SWIFT, an independent financial clearinghouse that is crucial to the country's overseas oil sales. That would leapfrog the current slow-pressure campaign of sanctions aimed at persuading Iran to drop what the U.S. and its allies contend is a drive toward developing and building nuclear weapons. It also perhaps would buy time for the U.S. to persuade Israel not to launch a pre-emptive military strike on Iran this spring. The last-resort financial effort suggests the U.S. and Europe are grasping for ways to show immediate results because economic sanctions have so far failed to force Iran back to nuclear talks But such a penalty could send oil prices soaring when many of the world's economies are still frail. It also could hurt ordinary Iranians and undercut the reputation of SWIFT, a banking hub used by virtually every nation and corporation around the world. The organization's full name is the Society for Worldwide Interbank Financial Telecommunications. Meanwhile, violence is increasing. Explosions in Bangkok on Tuesday — Israel's defense minister labeled them an "attempted terrorist attack" — came the day after Israel accused Iran of trying to kill its diplomats in India and Georgia. Those attacks followed the recent killings of Iranian scientists. In the financial world, the United States can't order SWIFT to kick Iran out. But it has leverage in that it can punish the Brussels-based organization's board of directors. Talks are focused now on having Europe make the first move. Short of total expulsion, Washington and representatives of several European nations are in talks over ways to restrict Iran's use of the banking consortium to collect oil profits. European action on SWIFT could come quickly. Representatives from SWIFT were scheduled to meet with European Union officials this week, a U.S. official familiar with the talks said. The official said the meeting was expected to result in the EU ordering SWIFT to expel at least some of its sanctioned banks, though it was unclear whether the order would extend to Iran's Central Bank. The Obama administration is divided over whether the possible gain is worth the risk in trying to threaten SWIFT into kicking out a member country, in part because of concern that it would set back the global financial recovery. Iran remains a global financial player despite years of banking sanctions, and blocking it from using the respected transfer system would be a black mark like no other. More than 40 Iranian banks and institutions use SWIFT to process financial transactions, and losing access to that flow of international funds could badly damage the Islamic republic's economy. It would also probably hurt average Iranians more than the welter of existing banking sanctions already in place since prices for household goods would rise while the value of Iranian currency would drop. Lawyers for SWIFT are holding meetings in Washington. People familiar with the talks say a compromise is possible in which SWIFT would voluntarily bar or restrict Iranian transfers. But if SWIFT fails to act on its own, the U.S. expects Europe to require it to terminate services for Iranian banks, another Obama administration official said. The officials spoke on the condition of anonymity because they were not authorized to speak publicly. David Cohen, the Treasury Department's undersecretary for terrorism and financial intelligence, delivered that message to European Union officials in Brussels earlier this month, said the official, who was not authorized to speak publicly and thus spoke only on the condition of anonymity. Mark Dubowitz, a sanctions expert advising the White House on Iran, said the Obama administration is having detailed discussions on the merits and consequences of forcing SWIFT to block Iranian transactions. Some in the administration also prefer to give time for new sanctions on Iran's Central Bank, officially enforced starting just this month, to take hold before layering on a round of even more draconian penalties. SWIFT was involved in a separate controversy when it was revealed in 2006 that it had skirted the EU's strict privacy laws after the Sept. 11, 2001, attacks by transferring millions of pieces of personal information from its U.S. offices to American authorities as part of the US Terrorist Finance Tracking Program. "It is an essential cog in the wheel, if not the wheel itself, in international financial transactions and trade," said David Aufhauser, former general counsel at the Treasury Department who worked with SWIFT to set up that information transfer. SWIFT handles cross-border payments for more than 10,000 financial institutions and corporations in 210 countries. It lets users exchange financial information securely and reliably, thereby lowering costs and reducing risk. It operates on trust and neutrality — SWIFT accepts nearly all comers and does not judge the merits of the transactions passing through its secure message system. Its managers generally brush off investigators and enforcement agencies, telling them to take up suspected wrongdoing directly with nations or corporations. Established in 1973, the essential but little-known hub is overseen by major central banks, including the U.S. Federal Reserve and the European Central Bank. Lawyers familiar with SWIFT's operations said it could bar processing actions with any Iranian party or third parties representing Iran, though that would open the consortium to complaints of favoritism or political influence. It could permit the processing but quarantine Iranian transactions, or require warnings to those doing business with Iran. Penalties on Iran short of expulsion could allow SWIFT to preserve a greater appearance of neutrality but make business partners think twice, lawyers said. Proponents of blocking Iran from SWIFT say the financial network's own bylaws require that its services not be used to facilitate illegal activities and allow it to prohibit users that are subject to sanctions. While the U.S. and Europe debate options, some American lawmakers are trying to increase pressure on SWIFT. The Senate Banking Committee passed a measure earlier this month directing the White House to press SWIFT to block Iranian entities. A tougher House bill would compel the administration to sanction SWIFT unless it stopped providing services to Iran. The pending legislation has caught the attention of officials at SWIFT. The financial network's general counsel and other advisers requested a meeting with congressional lawmakers and staff next week, Senate aides said. Officials close to the White House say the Obama administration is comfortable with the less restrictive language in the Senate Banking Committee measure, but has concerns that more-binding legislation would leave the U.S. less flexibility in dealing with Iran. SWIFT did not respond to requests for comment. In a brief statement posted on its website, the consortium said it is committed to fighting misuse of the financial system to finance terrorism and has cooperated with enforcement agencies in the U.S. and Europe. Without addressing the specifics of a full expulsion or more limited block on Iranian transactions, SWIFT's statement urged caution. "SWIFT remains committed to maintaining its role as a neutral global financial communications network" while complying with sanctions laws, the statement said. Associated Press writer Slobodan Lekic in Brussels contributed to this report. © 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

Wed, 02/15/2012 - 13:49 | 2162534 Problem Is
Problem Is's picture

A true Amerikan...

Wed, 02/15/2012 - 08:59 | 2161157 LongSoupLine
LongSoupLine's picture



Driving car...eating ramen noodles for dinner to balance out costs.

Wed, 02/15/2012 - 11:13 | 2161724 matrix2012
matrix2012's picture


Just make sure that your ramen is not imported from Japan! 


High level of radioactive cesium found in Okinawa noodles

NAHA -- High levels of radioactive cesium have been detected in NOODLES produced in OKINAWA, apparently because they were made with water filtered by ashes from Fukushima-produced wood.

The noodles, called "Okinawa Soba," had a level of radioactivity of 258 becquerels of cesium per kilogram. The restaurant that produced them had kneaded them with water filtered by the ashes of Fukushima Prefecture-produced wood.

The Forestry Agency on Feb. 10 notified prefectures across Japan not to use ashes made from wood or charcoal in cooking if the materials were lumbered or produced in Fukushima Prefecture, Tokyo and 15 other prefectures following the outbreak of the Fukushima nuclear disaster in March last year, even if the wood or charcoal bore levels of cesium lower than the government-set standard -- 40 becquerels per kilogram for cooking wood and 280 becquerels per kilogram for charcoal.

According to the agency, the cesium contamination of Okinawan noodles surfaced on Feb. 7 in testing conducted by the Okinawa Prefectural Government. An ensuing survey found 468 becquerels of cesium in cooking wood that was distributed through the same route as the one for wood delivered to the restaurant.

The central government set a standard on Nov. 2 last year stating that the radioactivity of cesium concentrated by burning wood or charcoal should not exceed 8,000 becquerels per kilogram -- a level allowed for landfill at disposal sites. However, methods for examining the concentration were not established until Nov. 18, while the cooking wood in question was shipped on Nov. 7.

"We had not assumed that ashes would be used in food processing (when we drew up the standard)," said a Forestry Agency official.

Ashes are used in kneading noodles and sometimes in removing the bitter taste, or "aku" from devil's tongue and wild vegetables.

(Mainichi Japan) February 13, 2012



Wed, 02/15/2012 - 09:01 | 2161160 kito
kito's picture

Better yet, be the blind patriot!! Boycott iranian products....oh wait, what do they export to us????

Wed, 02/15/2012 - 11:59 | 2161979 Ahmeexnal
Ahmeexnal's picture

Time to start the "Freedom Falafel" mania.

Wed, 02/15/2012 - 11:56 | 2161973 Newsboy
Newsboy's picture

I always ride my bike to work.

Wed, 02/15/2012 - 08:03 | 2161025 Awakened Sheeple
Awakened Sheeple's picture


Wed, 02/15/2012 - 08:09 | 2161041 Quinvarius
Quinvarius's picture

THis is how it will play out.  Just like in the movies.

Wed, 02/15/2012 - 08:12 | 2161050 He_Who Carried ...
He_Who Carried The Sun's picture

Iran? Where is this, sounds like the loo?

Wed, 02/15/2012 - 12:13 | 2162048 Jason_1sandal
Jason_1sandal's picture

+100 for the perky avatar....

Wed, 02/15/2012 - 08:26 | 2161076 ParkAveFlasher
ParkAveFlasher's picture

+100 Master Blaster

Wed, 02/15/2012 - 08:29 | 2161086 PY-129-20
PY-129-20's picture

Ahem - Just let me say: LOL.  I just went to ZH and read this article. Then I also visited and I was presented with this nice image:

And a story about Israel getting closer to war with Iran.

Lastly, I want to salute my fellow unknown German goldbug friend that passed away several weeks ago. He had buried his gold coins (as news media reported 100.000 Eur worth (that'll be a bit more tomorrow) under his kitchen floor and a worker found them and reported them to his company. And they instantly informed the heirs.


Wed, 02/15/2012 - 11:00 | 2161660 MachoMan
MachoMan's picture

holy shit!  The people that found the gold reported it to the heirs?!?????  Nothing like good neighbors...

Wed, 02/15/2012 - 15:12 | 2162919 mick_richfield
mick_richfield's picture

Wenn mann so etwas im Spiegel sehen, hat man ja ein Problem.

Wed, 02/15/2012 - 08:02 | 2161023 maxmad
maxmad's picture

war, bitchez!

Wed, 02/15/2012 - 08:05 | 2161030 Comay Mierda
Comay Mierda's picture

Not yet, war will start in summer closer to the election. I'm betting it will start with an international false flag nuclear attack to rally the sheeple behind their leaders

Wed, 02/15/2012 - 08:09 | 2161039 GeneMarchbanks
GeneMarchbanks's picture

Olympics in London.

Wed, 02/15/2012 - 08:55 | 2161144 smb12321
smb12321's picture

Comay - How many times have you called (hoped?) for war?  It's getting old.  .  Wasn't it in ZH that I read "W" would "Definitely" start WW3 and never leave office?  Or that "they" would institute the New World Order by _____ (fill in moving target) 

Remomds me of the econuts promising a slew of massive hurricanes after Katriana.  Naturally, it's been the calmest period on record.  When we try to make specific prophecies we get taken every time.



Wed, 02/15/2012 - 11:06 | 2161684 Comay Mierda
Comay Mierda's picture

you're right. it is getting old. all the missiles/armor/ships/infantry/etc that are being shipped over to the middle east to surround Iran are figments of my imagination. Oh, almost forgot, I'm definitely crazy for thinking that all of the major wars fought since world war II were started with a false flag attack. Hitler definitely did not burn the Reichstag and blame it on the polish, robert macnamara was lying when he said the gulf of tonkin never happened, oh and cant forget 9/11, when we learned that steel melts at 1200 degrees & not 2700 degrees and there was absolutely no involvement of thermite that day and all the rescue workers were hallucinating when they said BOMBS were going off in the buildings. thank you for setting me straight smb12321

Wed, 02/15/2012 - 09:34 | 2161290 Ceteris paribus
Ceteris paribus's picture

First two weeks in March thats when war starts .

Wed, 02/15/2012 - 09:46 | 2161344 Oleander
Oleander's picture

I am taking the leap and predicting Feb. 29

Wed, 02/15/2012 - 12:02 | 2161991 Ahmeexnal
Ahmeexnal's picture

May 1st. Beltane.

Wed, 02/15/2012 - 21:50 | 2164406 Rahula
Rahula's picture

Right the lumin-not-t are pagan through and through.


Wed, 02/15/2012 - 08:03 | 2161027 ZippyBananaPants
ZippyBananaPants's picture

All is well, Apple is working on an iPod powered three wheeler.

Wed, 02/15/2012 - 09:13 | 2161201 Dugald
Dugald's picture

And call it the Morgan Aero.........

Wed, 02/15/2012 - 08:05 | 2161028 GeneMarchbanks
GeneMarchbanks's picture

Iran playing chess again.

Wed, 02/15/2012 - 08:06 | 2161032 maxmad
maxmad's picture

They must not be very good!  They just got checkmated!

Wed, 02/15/2012 - 11:05 | 2161676 MachoMan
MachoMan's picture
Chewbacca: Aaaaaaaaaaaaaaaarrrgh! Threepio: He made a fair move. Screaming about it can't help you. Han Solo: Let him have it. It's not wise to upset a Wookiee. Threepio: But sir, nobody worries about upsetting a droid. Han Solo: That's 'cause droids don't pull people's arms out of their sockets when they lose. Wookiees are known to do that. Chewbacca: Grrf. Threepio: I see your point, sir. I suggest a new strategy, Artoo: Let the Wookiee win. or, alternatively, this scene from raiders of the lost ark
Wed, 02/15/2012 - 08:05 | 2161029 EscapeKey
EscapeKey's picture

Which six nations?

As if it'll make any difference. The remaining European will just increase their consumption, and move the cargo as appropriate.

Wed, 02/15/2012 - 08:09 | 2161038 mick_richfield
mick_richfield's picture

Netherlands, Spain, Italy, France, Greece and Portugal.

Wed, 02/15/2012 - 08:10 | 2161044 GeneMarchbanks
GeneMarchbanks's picture

€-crats have one last chance to re-think the allignment of their allegiance and then it's on to the East.

Wed, 02/15/2012 - 10:21 | 2161463 StychoKiller
StychoKiller's picture

Pretty sure Russia will be more than happy to take up the European oil slack and sell them some (for, let's say, a 20% premium...)

Wed, 02/15/2012 - 13:58 | 2162560 Problem Is
Problem Is's picture

The PIG-NFS...

Most of which probably can't pay anyway....

Notice the absence of Germany... Rich daddy Oberherr...

Wed, 02/15/2012 - 08:13 | 2161051 CONners
CONners's picture

Which six nations?  The six Eurpoean nations listed in the article.  The author uses no comma between "Spain Italy" because they are often concatenated as Spitaly.

Wed, 02/15/2012 - 08:38 | 2161099 duo
duo's picture

This is a plus for our refiners and those with empty ships.  We can sell refined gasoline to Europe (more than we are now) using Canadian crude.  Refining margins have to be much better on European sales.

Wed, 02/15/2012 - 09:26 | 2161257 Race Car Driver
Race Car Driver's picture

Yeah... No.

Refinery capacity is shrinking due to closures and gas prices are already climbing.

Wed, 02/15/2012 - 10:53 | 2161630 zerozulu
zerozulu's picture

Just stop supply to Greece will do the trick. World is at the tipping point. Needs a nudge.

Wed, 02/15/2012 - 08:07 | 2161033 nmewn
nmewn's picture

Yet another example of something needing a monetary solution.

Just hit print ;-)

Wed, 02/15/2012 - 08:07 | 2161034 The Reich
The Reich's picture

Greece: Oil for bonds

Wed, 02/15/2012 - 08:09 | 2161040 johnQpublic
johnQpublic's picture

anyone moves and i'll shoot this nigga....

<blazing saddles reference...europe holding gun to its own head>

Wed, 02/15/2012 - 08:17 | 2161056 Gavrikon
Gavrikon's picture

That's "Hold it! Next man makes a move, the nigger gets it!"


Wed, 02/15/2012 - 08:20 | 2161066 johnQpublic
johnQpublic's picture

i stand corrected

Wed, 02/15/2012 - 10:27 | 2161493 Gavrikon
Gavrikon's picture

Any time, sir.

That image of Cleavon Little holding that gun on himself is one of Mel Brooks' funniest scenes.

Wed, 02/15/2012 - 10:54 | 2161631 hunglow
hunglow's picture

[Cowboy is sending Eightball to investigate an area for enemies]
Private Cowboy: Eightball, let's dance.
Private Eightball: Put a nigger behind the trigger!

Wed, 02/15/2012 - 10:04 | 2161409 optimator
optimator's picture

Not to worry, if Europe holds that gun to its head and pulls the trigger they will miss.

Wed, 02/15/2012 - 10:27 | 2161486 Gavrikon
Gavrikon's picture

Not if it's pointed at Merkel.

Wed, 02/15/2012 - 14:08 | 2162625 Totentänzerlied
Totentänzerlied's picture

Because their head is up their ass.

Wed, 02/15/2012 - 08:11 | 2161045 proLiberty
proLiberty's picture

Oil is fungible, a concept the world can never seem to grasp.  The Arab members of OPEC learned this lesson in the early 1970's when they imposed a seller's boycott on anyone doing bidnis with Israel, meaning the US.  Oil that the US didn't buy from OPEC was bought by other nations and the US imported more oil from non-OPEC sellers.  When OPEC threw in the towel the US was importing more oil than when their boycott had started. 

What counts with Iranian sanctions is that Iran pumps the oil out of the ground and sells that oil to someone else, anyone.   If we want to hurt Iran we must stop them from pumping the oil from its wells in the first place.


Wed, 02/15/2012 - 08:30 | 2161091 ParkAveFlasher
ParkAveFlasher's picture

Yeah, on that note I just beat the shit out of the danish vendor on 34th because he wouldn't accept Bazooka Joe comics as payment.  Fuckin savage terrist.  Next I slash his tires.

Wed, 02/15/2012 - 08:57 | 2161150 smb12321
smb12321's picture

proLbierty -Quit giving us facts and reasons.  We want wild rumors and crazy predictions!!

Wed, 02/15/2012 - 10:40 | 2161559 Uncle Remus
Uncle Remus's picture

Who is "we"?

Wed, 02/15/2012 - 11:36 | 2161873 prole
prole's picture

Who is 'we' indeed.

"ProLiberty" needs to change his screename to "AnotherTool"

Anti-Liberty if you want to hurt Iran be my guest but pls leave me out of it.

I'll be rooting for Iran.

Wed, 02/15/2012 - 12:14 | 2162056 Umh
Umh's picture

Why would want to hurt Iran? Or is just another excuse to have troops and munitions near China?

Wed, 02/15/2012 - 14:39 | 2162663 Problem Is
Problem Is's picture

Think of the possibilities!

First: Establish a No fly zone "Peace Keeping" mission by bombing the fuck out of Iranian civilians...

Second: Check the CIA data base (Al Qaeda = "The Base") and deploy all CIA terrorists on the CIA Arab legion payroll...

Third: Deploy US special ops, CIA goofballs and MI-6 on the ground for terrorist bombings and strafings...

Fourth: Set up a Rothschild controlled central bank near the shipping ports the second a toe hold is established (See: Libya)...

Fifth: Open an Iranian Derivatives market and leverage wildly on Iranian oil 100:1...

And the Ponzi continues...

Wed, 02/15/2012 - 08:11 | 2161046 Sandmann
Sandmann's picture

They have to cut it to The Netherlands as that is where the big refineries are in Rotterdam.  It doesn't matter the Russians will simply sell more

Wed, 02/15/2012 - 09:03 | 2161167 BorisTheBlade
BorisTheBlade's picture

All is well, except Russians will sell oil at higher prices to Europe and Chinese will buy more Iranian oil at lower price. Europe energy independence ... ah, nevermind.

Wed, 02/15/2012 - 08:11 | 2161047 resurger
resurger's picture

Is it Persian Gulf or Arabian Gulf?

This is the real reason behind the next coming war


Wed, 02/15/2012 - 08:12 | 2161049 firstdivision
firstdivision's picture

Dear Ahmadinejad,

Don't forget to cut off the Germans.

Yours Truly,

United States of "We need a new war" America

Wed, 02/15/2012 - 08:25 | 2161074 maxmad
maxmad's picture

Gomer is their friend, they will never cut off Gomer!

Wed, 02/15/2012 - 08:15 | 2161055 BudFox2012
BudFox2012's picture

This whole mess is going to get out of hand, and we are all going to be lucky to make it out alive.

Wed, 02/15/2012 - 08:25 | 2161073 mick_richfield
mick_richfield's picture

Welcome to the New World, sir.

Wed, 02/15/2012 - 12:07 | 2161870 matrix2012
matrix2012's picture


The ultimate project from those Babylon banksters!


The Rockefeller File was published in 1976 but so much of what this book claimed that the global elite have in store for the world HAS COME TO PASS AND PROVEN TO BE TRUE that it really makes your jaw drop. 

One example are plans for something along the lines of the EUROPEAN UNION, NAFTA, and NORTH AMERICAN UNION being implemented, which has all of course come to pass. Another is the turning of communist China into a slave plantation for the big money capitalists of the world at the expense of the American manufacturing base and worker. People seem to forget all about the Rockefeller mafia sending their capo Kissinger, along with one of their own, Nelson Rockefeller, and the lackey Nixon as a front, over there in the 1970's to get the ball rolling. There is a quote in this book from David Rockefeller where he drools like a starving dog over the disposable and enslavable labor pool that exists in China that really says it all. 

Another thing that most people don't know about is the ROCKEFELLERS CONTROL OF THE STANDARD OIL GROUP which includes under their umbrella EXXON, CHEVRON, PHILLIPS, MARATHON, BP, AMOCO and others. They also control major American banks like Chase Manhattan, and others. They founded the TRILATERAL COMMISION and (through Mandell House) the CFR (COUNCIL ON FOREIGN RELATIONS). They set up fake "philantropist" foundations to fund organizations and causes that make them more money and further their globalist agenda as well as put up money for shills that feign opposition (Chomsky, Buchanan, Nader, Moore, various environmental groups, etc) but really subvert any real resistance to the new world order agenda. They and other uber capitalists even had a huge hand in funding the BOLSHEVIK REVOLUTION in RUSSIA and perpetrated the whole "cold war" hoax. I really could go on and on but I'll just leave you with those as a few examples. I mean forget about any "freemasons", "zionists", "jesuits" etc type of theories as to who is really pulling the strings. Just follow the money trail and you'll see that its the Rockefellers and a few other oligarchical families and cabals that are THE TOP OF THE FOOD CHAIN in creating this sick destructive NEW WORLD ORDER that is a conspiracy against ALL people, cultures and races. 

I had always been leery of Allen and his work because of his close association with the JOHN BIRCH SOCIETY (I think its open to debate but a lot of evidence points in the direction of the JBS being a shill/controlled opposition organization) but this book helped bring a lot of things into focus for me as far as deciphering the globalist agenda/conspiracy so I have new found respect for the man. GARY ALLEN should be held in high regard along with ANTONY SUTTON and EUSTACE MULLINS as people who did the leg work that exposed much about the NEW WORLD ORDER conspiracy that other writers are selling books and riding the coattails of. [Cwn_Annwn, 2006]


Wed, 02/15/2012 - 14:22 | 2162695 Problem Is
Problem Is's picture

"Hello, See Something Say Something hotline?"

"Yes, I would like to report matrix2012."

"Yes, reading again."

"Uh-huh... Sutton."

"I'll keep you posted."

Wed, 02/15/2012 - 08:26 | 2161078 Clay Hill
Clay Hill's picture

"...I have read this book, Ryan. Your conclusions were all wrong. Halsey acted stupidly"

Wed, 02/15/2012 - 17:42 | 2163627 BudFox2012
BudFox2012's picture

Awesome, didn't think anyone would catch that movie reference!

Wed, 02/15/2012 - 08:27 | 2161082 EnglishMajor
EnglishMajor's picture

Five to one, baby.

One in five.

No one here gets out alive...

Wed, 02/15/2012 - 10:30 | 2161508 Sweet Chicken
Sweet Chicken's picture

They've got the guns to maim and slaughter

but we've got their sons and their daughters!



(those are mine)

Wed, 02/15/2012 - 08:38 | 2161097 Bindar Dundat
Bindar Dundat's picture

ALL IS NOT LOST! Even if we have a full blown nuclear war  there will still be 4-5 Billion people left who will need to eat, sleep and have their scales removed.  

Wed, 02/15/2012 - 08:51 | 2161131 Raging Debate
Raging Debate's picture

I believe you are correct Budfox. How likely is containment? The same question seems to have been asked before WWII. The games of mice and men have reached a new level with WMD.

Wed, 02/15/2012 - 10:43 | 2161575 Uncle Remus
Uncle Remus's picture

Take a pol or two with you when you go eh?

Wed, 02/15/2012 - 08:18 | 2161061 overmedicatedun...
overmedicatedundersexed's picture

Iran wants a fair price for it's oil, souls and minds. the west wants to control those items..I just want a free mind and soul..seems we have stepped closer to the war we know the Mulatto and pals need so bad.

Wed, 02/15/2012 - 08:20 | 2161062 mick_richfield
mick_richfield's picture

Stop all the windmills, turn off the iPhones,
Stop the olive presses and halt the castanets,
Turn off the lights of Gay Paris and ask the
Occupiers if we could share their tents.

Let gliders circle silent overhead
Writing with chemtrails: the Oil has Fled.

Wed, 02/15/2012 - 09:04 | 2161169 Jacks Cold Sweat
Jacks Cold Sweat's picture

OMFG that was a Funeral Blues parody?

Wed, 02/15/2012 - 10:10 | 2161433 mick_richfield
mick_richfield's picture

:-)     Yes!

I thought if we were going to have poems to mourn the world that is passing ...  we should probably ... you know? ... write them now.

Wed, 02/15/2012 - 14:25 | 2162722 Problem Is
Problem Is's picture

+1... Insightful prose...

Oh fuck mick I get it!

You racked up student loans to study poetry...

Wed, 02/15/2012 - 14:58 | 2162845 mick_richfield
mick_richfield's picture

Well ... I think that was worth $150,000, don't you?

Would you like fries with that?

Wed, 02/15/2012 - 08:25 | 2161072 green_dreams
green_dreams's picture

War is the only solution baby!

*Pre election...of course*

Wed, 02/15/2012 - 08:26 | 2161077 mailll
mailll's picture

So in a sense aren't the Iranians placing sanctions on themselves?  Aren't they cutting their own throats?  Do they have alternative buyers for this oil? Inquiring minds want to know. 

Wed, 02/15/2012 - 08:30 | 2161090 Ruffcut
Ruffcut's picture

They are playing chess with only pawns. They are hoping to be thrown a bone, but will get it, hard up the ass.

Wed, 02/15/2012 - 08:52 | 2161133 Dr. Engali
Dr. Engali's picture

I do believe that there are 1.3 billion people in China who would like that oil and be willing to pay in real money.

Wed, 02/15/2012 - 09:57 | 2161381 kill switch
kill switch's picture

Every time I hear 1.3 billion can't help but think of Corzine that fuck.. MF Global gone in the memory hole.

Wed, 02/15/2012 - 14:29 | 2162734 Problem Is
Problem Is's picture

Take it easy on The Corz...

He is as surprised as anyone.... Who could have seen it coming? Certainly not The Bernank's bearded, cue-bald brother...

Wed, 02/15/2012 - 08:27 | 2161084 ParkAveFlasher
ParkAveFlasher's picture

"I'm sorry sir, we only accept gold as payment."


Wed, 02/15/2012 - 08:44 | 2161109 _underscore
_underscore's picture

Good point. Who's to say that went 'normal' service is resumed that tenuous link to & use of  the petrodollar won't be further weakened.


Wed, 02/15/2012 - 08:38 | 2161100 Mr. Lucky
Mr. Lucky's picture

India and China may use some gold to pay for Iranian oil.  What could go wrong?

Wed, 02/15/2012 - 08:42 | 2161105 ekm
ekm's picture

Bullshit. This is just for internal consumption.

Countries have contract with refineries. This would mean that the iranians would stop sending oil to the refineries in those countries. But refined oil can come from other refineries.

Number 2, what are the iranian going to do with the backed up oil? Do I hear China? Yea? Since when the world ran out of oil? Oh sorry. Global warming? Kiss my freaking ass.

There is one thing to say something, there is another thing to actually do that sth. Chinese are case in point about buying euro debt.

Wed, 02/15/2012 - 08:50 | 2161108 tallen
tallen's picture

Don't worry, Europe can always print more oil.

Oh wait...

+ How appropriate that the Crude Complex got halted 2 days ago. No doubt some serious front-running there.

Wed, 02/15/2012 - 08:58 | 2161153 Hobbleknee
Hobbleknee's picture

can't eat oil.

Wed, 02/15/2012 - 10:47 | 2161593 Uncle Remus
Uncle Remus's picture

With "modern" agriculture, you can't feed billions without it.

Wed, 02/15/2012 - 08:50 | 2161112 css1971
css1971's picture

WTI appears to be largely divorced from current events.


Wed, 02/15/2012 - 08:46 | 2161118 The Axe
The Axe's picture

This will be good for AAPL...actually war,  everything is good for AAPL...

Wed, 02/15/2012 - 12:50 | 2162176 GoinFawr
GoinFawr's picture

The new 'ibomb' should be ready for release this summer?  I heard the initial production run was only going to be available to the US and Israeli markets, but historical record clearly indicates that this will not have a negative effect on sales...

Wed, 02/15/2012 - 08:47 | 2161119 Monedas
Monedas's picture

Israel's military exploits of national survival have been a source of inspiration, joy and satisfaction of seeing good triumph over evil ! The news would be dreadfully dull without this real life drama !  Monedas  2012  Unofficial Spokeshole For The Jewish People

Wed, 02/15/2012 - 08:50 | 2161129 ekm
ekm's picture


- Greece lunacy

- Chinese keep talking euro up

- Mounting PR for Iran attack

- Europe banks iran oil but iran stops exports to europe. Who do you believe?


Attack is coming. The israelis will fix the problem.

Wed, 02/15/2012 - 08:50 | 2161130 Sutton
Sutton's picture

Invade the ME.  Destroy Mecca, ending Islam.  Eliminate holdouts.  Take the oil.  Back to 5 bucks a barrel.  1 a gallon gas.  Dow goes to 36,000.

Wed, 02/15/2012 - 08:58 | 2161155 lolmao500
lolmao500's picture

I say destroy the Vatican and Jerusalem too.

Wed, 02/15/2012 - 10:52 | 2161624 Uncle Remus
Uncle Remus's picture

Martyr - look it up.

Wed, 02/15/2012 - 12:59 | 2162282 Matt
Matt's picture

You're missing the trillions of additional dollars "auctioned" into existence to pay for war throughout the ME. I bet under your scenario, $200 oil and $10 gas would be more likely.

Wed, 02/15/2012 - 08:54 | 2161139 Monedas
Monedas's picture

When the Israeli's bombed that American spy ship....I was angered and regretted the loss of life ! What angered me more was the sheepish response of LBJ ! They sure had LBJ dialed in as a worthless piece of shit with JFK's blood on his hands !  Monedas  2012  All the way with LBJ !

Wed, 02/15/2012 - 08:56 | 2161146 paulie
paulie's picture

I have said and I am going to say it again: Iran is a better ally for Italy than the US.

Leave the stupid NATO and join BRIC.

Wed, 02/15/2012 - 08:56 | 2161149 Everybodys All ...
Everybodys All American's picture

Anyone seen Gadaffi? European markets seem to be taking this in stride. Wonder why?

Wed, 02/15/2012 - 08:57 | 2161151 lolmao500
lolmao500's picture

Iran just stood up to the bullies! Good for them!

Wed, 02/15/2012 - 09:01 | 2161161 ParaZite
ParaZite's picture

The spice must flow... 

If the flow of oil is curtailed in any way, the USA will attack Iran. Every President since Jimmy Carter has seen the oil interest in the Middle East, aka the flow of oil, as a national security issue. 

Wed, 02/15/2012 - 11:22 | 2161164 Instant Wealth
Instant Wealth's picture

More drama for Greece, as 25% of their oil imports came from Iran.

Wed, 02/15/2012 - 09:06 | 2161174 marcusfenix
marcusfenix's picture

looks like the war mongering PTB's are winning the future again. Iran stages "terror" India of all places and largely people don't even question it, or Thailand too for that matter but especially India. If that doesn't stink of a obvious false flag I don't know what else possibly could. seriously, the used car salesmen hiring the Mexican drug cartel to hit the Saudi ambassador was more believable.

India who told the UN to stick there embargo where the sun don't shine, the same India that wants to exchange crude for gold and Iran stages hits on their turf thereby risking losing a paying customer.

yeah, and I've got a bridge to sell you, it's a bit expensive, but it's in great condition.

now, of course Iran's new centrifuges are all over the news, and oh my god we just took one step closer to nuclear Armageddon (and they call me a doomer). But nobody wants to acknowledge that Pakistan offered to set them up with a turn key nuke weapons program and Iran turned them down.

and hasn't it yet dawned on any of the increasingly panicking heard that even if Iran developed one or two or a dozen party poppers we have thousands of them, and the only thing Iran could use them for is a deterrent? anything else would only assure their own destruction.   

ohh, so scary, please take my freedom, my money, my dignity, my privacy, take all my rights to self determination and independent thought, just don't let those mad Iranians with there nukes get me.

Wed, 02/15/2012 - 09:55 | 2161376 _underscore
_underscore's picture

Very good analysis MF. It's also not been acknowledged that a non-nuclear armed Iran is a much more potent force than a nuclear armed Iran - why haven't the apologists,

MSM et al worked that one out? Why on earth would Iran weaken themsleves with nuclear weapons - they're not stupid.

The analogy is this: If you have a problem with someone & you have a gun & you shoot them, while that person is unarmed & there are witnesses - who's guilty?

No other regional power dare use/threaten to use nuclear weapons against Iran were Iran not to have nuclear weapons. The West/USA know this & probably know Iran thinks like that, too.






Wed, 02/15/2012 - 14:35 | 2162753 Problem Is
Problem Is's picture

"Very good analysis MF"

Wait... It wasn't a good analysis by MF... That's why Corzine wagered customer funds to cover his bald ass and JPM stole the money...

OOOhhhh... MF=marcusfenix...

Wed, 02/15/2012 - 10:06 | 2161416 kill switch
kill switch's picture

As rants go,,I give it a 10, excellent....And don't forget to pay for your coffee with a black American Express Card..

Wed, 02/15/2012 - 09:08 | 2161183 number cruncher
number cruncher's picture

So this is where it gets interesting.. quote from FT

"The most likely scenario is that Iran announces it would not sell oil to France, the UK and Germany – the trio behind the EU’s agreement to tighten sanctions on Iran. Tehran only sells token amounts of crude to the three countries after Total of France stopped earlier this month buying the 80,000 barrels a day it used to import from Iran.Thus, a ban on exports to the three countries would have little consequence as regards Iran’s current exports of about 2.2-2.4m b/d, but the announcement would help to keep the oil market on its toes. As such, Iran would win the PR campaign it is waging in the oil market at little cost."

"okay, so no big deal for France and Germany but...

"What if – an industry executive asked over coffee – Iran not only bans sales to France, the UK and Germany, as many are expecting, but also includes Greece?

The struggling country relies on Iranian oil for a third of its oil imports. Although Iran is key for Greece, it is not a two-way street. Yes, Athens buys about 100,000 b/d from Iran, which is not a small amount, but that is a market that Tehran could very well decide to lose in favour of economic retaliation to the EU.

If Iran targets Greece, the economic consequences would spread far beyond the crude oil market, potentially hitting the European sovereign bond market and the euro.

What is more unlikely is that Iran would move to ban exports to its big clients. Italy – which imports 180,000 b/d – and Spain – which buys 140,000 b/d – are the largest European buyers of Iranian crude. Industry executives tell me that Iran does not want to lose these clients immediately, as it cannot find new markets for nearly 15 per cent of its exports."

and theres more...

The imposition of a ban on Iranian oil will be painful for a range of southern European countries, such as Italy and Spain, which are heavily dependent on imports from Iran.

"However, Greece argues it is in a particularly vulnerable position. Iran supplies crude to Greece on highly favourable terms that would be difficult to match elsewhere. Greek refiners do not have to make payment until 60 days after receiving shipments, according to EU officials."

Anyone wondering what the current front supply is for Greece.. 5 days? 10 days? It can't be much.. the effect on the current negotiations are currently being overlooked by the market

"A senior EU official acknowledged that talks over the oil embargo were increasingly becoming mixed up with Athens’ broader dealings with the bloc over the euro crisis, and the reform package it has agreed in exchange for a €130bn bail-out. This is adding an additional complication to what is already a complicated negotiation,” the senior official said."

So was the market viewing a ban to Italy and Greece unlikely? Equities chug along, la de da everything is fine. How are those spreads going tyler? The start o fthe end game? (FInally) or is it going to take Brent to grind higher to 140 USD before we get the POP.

Wed, 02/15/2012 - 09:13 | 2161200 Jacks Cold Sweat
Jacks Cold Sweat's picture

Jesus , Iran cuts Exports to the most fragile European countries! Iran was the last country who was letting Greece buy oil on trade credit !

They playing chess indeed.

Wed, 02/15/2012 - 09:14 | 2161207 Instant Wealth
Instant Wealth's picture

market just dropped ... news alert ?

Wed, 02/15/2012 - 09:15 | 2161208 Monedas
Monedas's picture

The Dictator Dominoes are Iran, Russia, China and North Korea ! Slavery is not sustainable ! Bush's Christian War Against Terror is paying dividends !  Monedas  2012  If I were a Syrian I would jump the Golan Heights fence and seek assylum in oasis of humanity !

Wed, 02/15/2012 - 09:18 | 2161222 Jacks Cold Sweat
Jacks Cold Sweat's picture

Ya playin' too much Risk.

Wed, 02/15/2012 - 09:36 | 2161302 Monedas
Monedas's picture

I never got beyond Monopoly ! The Bush's weren't my favorite Pubs.....but Evil is ripe and ready for a wind fall with the first little scirocco of freedom !  Monedas  2012  Front row seat season ticket holder at the Islamic Terror Games ! I'm not even a very good Christian and I hardly ever floss !

Wed, 02/15/2012 - 09:31 | 2161276 marcusfenix
marcusfenix's picture

well, your no Million Dollar Bonus or Hammy Wagner, but keep trying, you'll get there.

your shtick isn't bad it just needs a little more seasoning, try being a little less Fox news, Rush Limbaugh, as you sound to canned, maybe try to put it in your own words, don't be afraid to be creative.

keep trying and don't give up and I think you can go the distance!

Wed, 02/15/2012 - 09:43 | 2161325 Monedas
Monedas's picture

Thanks for your kind words of encouragement ! I'm a  "Tough Love Libertarian" !  Monedas 2012  I humanely put down my own pets when it's called for and know how to slaughter and butcher chickens, goats and sheep ! Hoarding since 1971....ditto head since 1989 !

Wed, 02/15/2012 - 09:24 | 2161249 Apeman
Apeman's picture

Pretty retarded from the EU to put pressure on Iran while they're struggling to keep their precious European Union together. I hope it stings.

Wed, 02/15/2012 - 09:35 | 2161295 TwelfthVulture
TwelfthVulture's picture

What a rank ass amateur I'm a Nutjob is.  I expected so much more.  Killing exports only plays into the embargo hand.  He should have stated that effective immediately Iran would sell oil at a 50% discount to the open market price.  (Until a few years ago, OPEC would have gladly sold oil at $50/bbl.)  Payment in all currencies EXCEPT $US.  Then pump like crazy.  The embargo would collapse under its own weight.

Wed, 02/15/2012 - 09:40 | 2161317 kralizec
kralizec's picture

BFD.  Achmedisajerk slits his wrists and Europe gets less oil?  Color me unimpressed.

Wed, 02/15/2012 - 09:44 | 2161334 eddiebe
eddiebe's picture

Iran as fast as I could.

Wed, 02/15/2012 - 10:29 | 2161500 mick_richfield
mick_richfield's picture

If those Iranian terrists think they can stop pumping our oil from out of their sand, we should respond by cutting off their access to the best of what the Civilized West has to offer:

  1. financial services

  2. unbacked currency

  3. reality TV shows

  4. depleted uranium

  5. US Marines

Let's see how they like them apples!


Wed, 02/15/2012 - 10:32 | 2161518 zerozulu
zerozulu's picture

More lethal news would be Iran's declaration that Riyal will be backed by Gold.

Wed, 02/15/2012 - 11:38 | 2161889 Money 4 Nothing
Money 4 Nothing's picture

Even more leathal news than that would be news that Iran opened their own Oil Bourse on Kish Island and Told USA to fuck off with their Petro Dollar... Oh, wait, that just happened.


You prepared? Guns, ammo and a talk with your higher power?

Wed, 02/15/2012 - 11:02 | 2161672 Fix It Again Timmy
Fix It Again Timmy's picture

Convert all European cars to diesel and run them on olive oil - Spain, Italy, Portugal and Greece become the new oil exporting states and are now flush with cash...

Wed, 02/15/2012 - 11:13 | 2161725 ekm
ekm's picture

The denial confirms I was correct. Whoever downed me, please apologize.

Wed, 02/15/2012 - 11:32 | 2161849 Money 4 Nothing
Money 4 Nothing's picture

Well, that locks us into a "war" scenario. Definatly.

Wed, 02/15/2012 - 12:10 | 2162034 matrix2012
matrix2012's picture

Iran denies reports on EU oil export cuts - RT

Published: 15 February, 2012, 16:17

Edited: 15 February, 2012, 19:53

Iran's Oil Ministry has refuted media reports on the country stopping its crude exports to six EU nations on Wednesday.

"We deny this report… If such a decision is made, it will be announced by Iran's Supreme National Security Council," a spokesman for the ministry told Reuters.


More news about Iran tension at RT:

Wed, 02/15/2012 - 12:18 | 2162083 Umh
Umh's picture

The conflict and negotiation between the US and Japan in the pre-World War II period illustrates a good example of the case and explains why Japan went to war against the US. The US, the biggest oil supplier for Japan at the time, imposed the oil embargo on Japan in July, 1941, and it helped the Japanese to make up their minds to fight against the Americans. Thus, in a way, the attack on Pearl Harbor was not a surprise one at all; it was a necessary result of the conflict and negotiation.

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