Oil Shock @ 150…..200……..250
American sanctions and European Sanctions – When I started
studying the issue of oil embargo on Iran, I got one thing in mind. Are they
really intended to stop Iran from getting Nuclear Capabilities or something else?
(Hidden Agenda) In my study all points showing advantage Iran. Iran is surplus
economy and net exporter.
Country Imports bpd Percent Imports
1. China 543,000 10
2. India 341,000 11
3. Japan 251,000 5.9
4. Italy 204,000 13.2
5. South Korea 239,000 7.4
6. Turkey 217,000 30.6
7. Spain 170,000 16.2
8. Greece 158,000 53.1
9. S. Africa 98,000 25
10. France 75,000 6.0
Sri Lanka imported 39,000 bpd in the first half of the year, IEA data shows. It is completely reliant on Iranian oil.
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Who is most affected?
o
India
o
China
o
Europe
·
Basically I think this American Strategy is
to destroy currency challenge by EU and China (Challenge to the Dollar as
reserve currency of the world.)
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I will write on this in next post, today I
am writing on how it is advantage to the Iran.
