Saudi Arabia cannot replace Iran’s oil supply: Iran oil minister

Saudi Arabia cannot replace Iran’s oil supply: Iran oil minister
Mon Apr 16, 2012 10:22PM GMT -- PressTV, Iran

The Iranian oil minister claims that the increase in oil production in Saudi Arabia is temporary and can't last and will not be enough to replace Iranian production !!

Well.

They seem to think Saudi production is at a peak.

Hmmm.

More rhetoric to stir up the oil markets ?

Iranian Oil Minister Rostam Qasemi says Saudi Arabia cannot replace Iran’s oil supply to the global market in the long run, Press TV reports.

Qasemi made the remarks during an interview with Press TV’s News Analysis on Monday night.

He noted that although the Saudi side stated at the most recent OPEC meeting that Saudi Arabia was not seeking to take Iran’s share of the oil market, “the latest policy of Saudi Arabia turned out otherwise” as Riyadh announced that it was ready to compensate for a lack of Iranian oil in the market.

The Iranian oil minister said, “Saudi production may be temporary, and it definitely cannot continue.”

“It is not practical, and if it is practical, it is transient… and will have negative effects in the future,” he added.

Now What will the U.S. do with the sanctions ??

Even if they had the capability to replace the oil supply, that is essentially placing all your eggs in one basket. In the event of war, all iran has to do is target Saudi refineries with hundreds of missiles and the Suez canal with a huge missile attack effectively shutting down everything. Saudi arabia is in the middle of the war zone if Iran is attacked.

Irans already been accounted for.
We've been in Iraq what.. 9years?
Halliburton, Shell, Exxon, BP all those awesomely legal Oil ventures in Iraq will be well into production. Just because you dont hear about it, doesn't mean it aint happening!

Dint anyone find it strange, 3-4-5years after we conquered Iraq we discovered, it was infact the 2nd largest oil field on the planet.

www.dailymail.co.uk...

Iraq is on course to overtake Iran as the holder of the world's second-largest proven oil reserves, solidifying its position as the energy industry's new frontier in the scramble to secure fresh resources.

Iraq now the second biggest oil producer: oil reserves increase by 25% to 143.1 billion barrels

Sorry Iran, You've already been accounted for.

The criminalistic adventures of western society are going full steam ahead in destroying any kinda of historical cultural integrity you hold dear to your way of life... why? we value the ol '$'more than anything else..

Move to Norway, or Korea.. they aint got nothin we want!

reply to post by xuenchen

Now What will the U.S. do with the sanctions ??

Nothing, because i don't believe a word of it. Doesn't matter anyway, we've got hundreds of oil tankers doing nothing but parked off our coasts because we don't refine fuel fast enough to get them finished before more comes in. The real reason why gas prices are going up isn't due to lack of oil it's due to lack of refinement because different states have different fuel requirements which slows down fuel processing, that and oil corporations are screwing the masses by price fixing, using this B.S. in Iran as an excuse to insert their hands into your bank accounts and take what they want.