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Author	Topic: Oil report seen supporting Iran sanctions	Post a Reply Back to Topics

Mudsprings Champion Author Fresno Posts:53,333 Points:3,101,025 Joined:Oct 2004	Message Posted: Apr 27, 2012 11:47:04 PM Ignore Mudsprings Report Abuse Global oil inventories grew over the last two months despite the loss of further supplies from Iran, according to a U.S. report that gave leeway for the Obama administration to press ahead with sanctions on the OPEC nation. The Energy Information Administration report, required every 60 days by the Iran sanctions law President Barack Obama signed in December, gave a mostly positive assessment of global oil supplies, which typically build at this time of year. World oil and motor fuel supplies exceeded demand by 500,000 barrels per day in March and April, the EIA said, allowing consumer countries to build cushions against any potential losses from U.S. and EU measures against Tehran. Visit Reuters for full article

Mudsprings

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Fresno

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Message Posted: Apr 27, 2012 11:47:04 PM

Ignore Mudsprings Report Abuse

Global oil inventories grew over the last two months despite the loss of further supplies from Iran, according to a U.S. report that gave leeway for the Obama administration to press ahead with sanctions on the OPEC nation.

The Energy Information Administration report, required every 60 days by the Iran sanctions law President Barack Obama signed in December, gave a mostly positive assessment of global oil supplies, which typically build at this time of year.

World oil and motor fuel supplies exceeded demand by 500,000 barrels per day in March and April, the EIA said, allowing consumer countries to build cushions against any potential losses from U.S. and EU measures against Tehran.
Visit Reuters for full article

REPLIES (newest first)Ignore Short Messages

remay Champion Author Houston Posts:7,073 Points:2,142,240 Joined:May 2006	Message Posted: Apr 30, 2012 7:46:25 AM Ignore remay Report Abuse "supporting Iran sanctions " That ought to keep prices on the up and up.
anascom Champion Author Hamilton Posts:1,593 Points:556,690 Joined:Feb 2011	Message Posted: Apr 29, 2012 12:16:03 AM Ignore anascom Report Abuse @Luckylindy "All lies and price manipulations. " I agree with you.
Wanda127 Champion Author Florida Posts:2,565 Points:939,600 Joined:May 2010	Message Posted: Apr 28, 2012 10:55:08 PM Ignore Wanda127 Report Abuse Good I hope prices go down more soon then.
ExplorerWA Champion Author Washington Posts:4,230 Points:823,000 Joined:Feb 2011	Message Posted: Apr 28, 2012 7:46:49 PM Ignore ExplorerWA Report Abuse Hope this will help bring gas price down.
ktbaeohana Champion Author Las Vegas Posts:2,412 Points:442,125 Joined:Mar 2010	Message Posted: Apr 28, 2012 4:19:15 PM Ignore ktbaeohana Report Abuse good job.
TripleHs Champion Author Austin Posts:3,430 Points:939,115 Joined:Oct 2009	Message Posted: Apr 28, 2012 1:53:30 PM Ignore TripleHs Report Abuse what next?
dh0770 Champion Author Colorado Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Apr 28, 2012 1:53:13 PM Ignore dh0770 Report Abuse Speculators never let the truth get in their way of manipulating and gouging!
Luckylindy Champion Author Milwaukee Posts:4,645 Points:1,152,820 Joined:May 2008	Message Posted: Apr 28, 2012 12:25:15 PM Ignore Luckylindy Report Abuse All lies and price manipulations.
rjojo40 Champion Author Las Vegas Posts:7,579 Points:1,101,390 Joined:Feb 2004	Message Posted: Apr 28, 2012 12:12:04 PM Ignore rjojo40 Report Abuse Sanctions are doing squat, Time for a plan that works any ideas?
Meowmy Champion Author Florida Posts:1,293 Points:354,505 Joined:Jan 2011	Message Posted: Apr 28, 2012 11:03:34 AM Ignore Meowmy Report Abuse Need to regulate the speculators, cap prices and take OUR oil and gas off the futures market. Only sell what we don't use/need.
johntxx Champion Author Texas Posts:2,931 Points:642,070 Joined:Aug 2011	Message Posted: Apr 28, 2012 9:49:32 AM Ignore johntxx Report Abuse Okay. I have been reading for the past several months that "global demand" and the "Iranian threat" are the reason for high oil prices. Now, I see that "Global oil inventories grew over the last two months despite the loss of further supplies from Iran". So much for both of those excuses for high oil prices. Those controlling the market had better wake up and make the proper corrections--they've just about strangled the goose while harvesting the golden eggs this time.
Lugi1967 Champion Author Ohio Posts:4,910 Points:1,027,710 Joined:Jun 2010	Message Posted: Apr 28, 2012 9:23:43 AM Ignore Lugi1967 Report Abuse It can change in a hurry
Grismer Champion Author Kitchener-Waterloo Posts:8,664 Points:1,749,795 Joined:Apr 2008	Message Posted: Apr 28, 2012 8:39:50 AM Ignore Grismer Report Abuse Regardless, sanctions still have not stopped Iran's nuclear enrichment program and therefore have not accomplished the task at hand.
Gas_Eyes Champion Author Dallas Posts:2,807 Points:670,610 Joined:Mar 2011	Message Posted: Apr 28, 2012 8:07:36 AM Ignore Gas_Eyes Report Abuse Hope this finally makes Iran see some sense that they need to comply with general wisdom of the world community.
vincentV All-Star Author Toronto Posts:652 Points:137,305 Joined:Oct 2010	Message Posted: Apr 28, 2012 7:54:30 AM Ignore vincentV Report Abuse wow
qwerty17 Champion Author New Jersey Posts:3,755 Points:1,142,300 Joined:Oct 2009	Message Posted: Apr 28, 2012 7:47:30 AM Ignore qwerty17 Report Abuse smack 'em.
danandmary Champion Author California Posts:4,326 Points:993,475 Joined:Jun 2010	Message Posted: Apr 28, 2012 7:47:28 AM Ignore danandmary Report Abuse Let Israel take them out
SUPPER Champion Author San Bernardino Posts:2,563 Points:1,313,240 Joined:Dec 2004	Message Posted: Apr 28, 2012 7:38:01 AM Ignore SUPPER Report Abuse Who we have in office is not doing a good job ,,,,, we should have better foreign pol
coughlin Champion Author San Jose Posts:5,314 Points:1,143,390 Joined:Sep 2009	Message Posted: Apr 28, 2012 6:41:26 AM Ignore coughlin Report Abuse Iran is going through all this to make a point?
Evilmaddog Champion Author British Columbia Posts:3,456 Points:983,300 Joined:Aug 2010	Message Posted: Apr 28, 2012 6:33:11 AM Ignore Evilmaddog Report Abuse supplies exceeds demand, yet prices rise....go figure
el_fr Champion Author Massachusetts Posts:3,472 Points:771,425 Joined:Apr 2011	Message Posted: Apr 28, 2012 6:29:27 AM Ignore el_fr Report Abuse Keep raising the prices, inventories will continue to grow as demand drops
dsaine Champion Author North Carolina Posts:3,145 Points:658,245 Joined:May 2011	Message Posted: Apr 28, 2012 6:26:07 AM Ignore dsaine Report Abuse Well see.
ReddevilNO Champion Author New Orleans Posts:3,481 Points:600,090 Joined:Aug 2011	Message Posted: Apr 28, 2012 6:03:47 AM Ignore ReddevilNO Report Abuse Okay, We'll see.
tgusa Champion Author Virginia Beach Posts:2,476 Points:439,875 Joined:Jun 2006	Message Posted: Apr 28, 2012 5:54:56 AM Ignore tgusa Report Abuse oh, sure
FPLREP Champion Author Virginia Posts:8,390 Points:2,473,860 Joined:Oct 2005	Message Posted: Apr 28, 2012 5:54:45 AM Ignore FPLREP Report Abuse A government agency supporting a government agency request. No room for deception here? Most transparent administration ever? [Edited by: FPLREP at 4/28/2012 6:55:52 AM EST]
brbaritone Champion Author Virginia Posts:2,137 Points:1,722,190 Joined:Jan 2007	Message Posted: Apr 28, 2012 5:46:18 AM Ignore brbaritone Report Abuse If supplies are up, demand is down, and tensions with Iran have eased, then prices should go go down. "Should."
humblepie Champion Author Toledo Posts:35,260 Points:2,397,120 Joined:Mar 2006	Message Posted: Apr 28, 2012 5:31:09 AM Ignore humblepie Report Abuse still waiting for cuba and north korea to cave in to american demands, only been 30-40 years now
epf Champion Author Grand Rapids Posts:6,464 Points:1,917,085 Joined:May 2004	Message Posted: Apr 28, 2012 5:28:28 AM Ignore epf Report Abuse Good timing.
wrunner Champion Author Virginia Posts:4,577 Points:1,162,335 Joined:Dec 2009	Message Posted: Apr 28, 2012 5:08:04 AM Ignore wrunner Report Abuse Let this not fool you. Timing is a major factor. The article states that "...mostly positive assessment of global supplies, which typically build at this time of year.
gandalfthegrey1 Champion Author Houston Posts:1,184 Points:384,785 Joined:Feb 2011	Message Posted: Apr 28, 2012 4:56:23 AM Ignore gandalfthegrey1 Report Abuse A surplus is good but our own economy is still anemic. Gas prices are still too high. Iran is still not giving up on their bomb and won't.
bills299 Champion Author Atlanta Posts:3,496 Points:930,240 Joined:May 2005	Message Posted: Apr 28, 2012 3:57:22 AM Ignore bills299 Report Abuse Ok!
graceman Champion Author Baltimore Posts:4,968 Points:1,158,725 Joined:Jun 2008	Message Posted: Apr 28, 2012 3:23:04 AM Ignore graceman Report Abuse Just think how much extra we would have.
wildddkattt80 Champion Author Phoenix Posts:2,143 Points:432,145 Joined:Jun 2011	Message Posted: Apr 28, 2012 2:24:20 AM Ignore wildddkattt80 Report Abuse Sure sure
Ahking Champion Author Orange County Posts:3,599 Points:621,360 Joined:May 2011	Message Posted: Apr 28, 2012 1:26:33 AM Ignore Ahking Report Abuse then price should fall. right?
comprof Champion Author Houston Posts:7,004 Points:1,383,475 Joined:Jul 2009	Message Posted: Apr 28, 2012 12:51:51 AM Ignore comprof Report Abuse The surplus is due to the bad economy.
uglytom Champion Author Florida Posts:7,464 Points:1,542,015 Joined:Jul 2007	Message Posted: Apr 28, 2012 12:51:38 AM Ignore uglytom Report Abuse So!
MN1 Champion Author Twin Cities Posts:3,489 Points:676,940 Joined:Jun 2011	Message Posted: Apr 28, 2012 12:36:52 AM Ignore MN1 Report Abuse We'll see.
BJWI Champion Author Milwaukee Posts:6,546 Points:762,015 Joined:May 2011	Message Posted: Apr 28, 2012 12:26:32 AM Ignore BJWI Report Abuse Now they will say nations stock piling before tighter sanctions will deive up prices, and of course they will blame Obama.
1momsunshine Champion Author Ottawa Posts:5,610 Points:1,025,045 Joined:Mar 2010	Message Posted: Apr 28, 2012 12:08:07 AM Ignore 1momsunshine Report Abuse ok