IRAN VOWS REVENGE FOR SANCTIONS — It will not cut production

[raptor22]

Yeah..with two largest producers Saudi and Russia agreed on production freeze..Iranian attempt to further crash the market will be seen as a nuisance...and it will have to be compensated either by increased exports from Russia...or alienation of Iran.



Blame this on your foolish mullahs who were busy running the atomic program during the oil boom time...and now they lost the window of opportunity!

We've managed our economy by 7$ per barrel ... can you manage your economy by 30$ per barrel?

 

[Hack-Hook]

We've managed our economy by 7$ per barrel ... can you manage your economy by 30$ per barrel?

and don't forget half of that money went to war.

 

[raptor22]

and don't forget half of that money went to war.

Yeap tough years indeed and thanks to God we overcame on all whose hostilities ...
Albeit we've working on a diverse economy and oil income is sth around 25% honestly we gotta get rid of depending on oil revenue asap ...

 

[Chevil]

We've managed our economy by 7$ per barrel ... can you manage your economy by 30$ per barrel?

in that time , our real income was 3-4 $ per barrel ( we had to sell it in with less price and carry it with our own tankers !!! ) and we had to spend 70 - 90 % of it on Iran-Iraq war ...

 

[raptor22]

in that time , our real income was 3-4 $ per barrel ( we had to sell it in with less price and carry it with our own tankers !!! ) and we had to spend 70 - 90 % of it on Iran-Iraq war ...

We've experienced it different times once during the war , the second time was in 1998 ...

 

[AmirPatriot]

To those who think Iran's economy is dependent on oil - it really isn't. Oil is about 25% of government revenue. While it is significant, it isn't dependent, unlike places like Saudi Arabia whom at least 80% of government revenue comes from oil

 

[Chevil]

Well , if Russians are unhappy about our decision , then maybe they can offer something that make us happy to stand off and agree with them , like s400 , Su 30 or Su 35 .....

 

[MarkusS]

from italian position thats good news. But i fear it will kill Venezuela.

 

[C130]

They threw us under a TRAIN and now we don't care anymore ...

Venezuela did?

Good. This move should drive the oil prices down.

$20 dollar oil by June

from italian position thats good news. But i fear it will kill Venezuela.

which will increase the price of oil substantially.

a sacrifice to the oil gods.

 

[mike2000 is back]

Venezuela did?

lol Good question. One man's pain is another man's gain i guess.

 

[AmirPatriot]

Venezuela did?


$20 dollar oil by June


which will increase the price of oil substantially.

a sacrifice to the oil gods.

Venezuela is a sacrifice to the oil Gods?

 

[mike2000 is back]

Venezuela is a sacrifice to the oil Gods?

 

[Hack-Hook]

Well , if Russians are unhappy about our decision , then maybe they can offer something that make us happy to stand off and agree with them , like s400 , Su 30 or Su 35 .....

there are tons of things we can ask and you are happy with weapons that will be obsolete in 7-8 years ? Honestly are we some sheikdoms to be happy with such trifle ?

 

[Madali]

Venezuela did?

Chavez was killed and Ahmadenijad is gone. The Iran-Venezuela alliance isn't what it used to be.

 

[Chevil]

there are tons of think we can ask and you are happy with weapons that will be obsolete in 7-8 years ? Honestly are we some sheikdoms to be happy with such trifle ?

actually , if Oil price fall more than this , exporting oil won't be profitable for us anymore ...