St. Elias Mines

Welcome To the St. Elias Mines HUB On AGORACOM Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company
in response to Kherson's message

Kherson, I read the same thing. The EU makes up only 15-20% of Irans oil exports, most of which (80%) goes to Greece, Italy, Spain and 1 other country. The 3 countries I listed are having a tough time getting credit for oil outside of Iran. How can the EU entertain an embargo which sacrifices 3 countries that are already in dire straights. Iran knows this and decides to call their bluff by enforcing their own embargo that will nullify the ability of the EU to draw off of current contracts till July.

However, I also read that Iran is wavering a bit on their position to enforce this embargo. Somebody rapped their knuckles?

Vimar

Please login to post a reply
Vimar
City
Rank
Treasurer
Activity Points
570
Rating
Your Rating
Date Joined
06/25/2010
Social Links
Private Message
St. Elias Mines
Symbol
SLI
Exchange
TSX-V
Shares
130.4 M (FD) : Nov 29, 2011
Industry
Metals & Minerals
Create a Post