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Syria-Lebanon-Iran
Iran says OPEC won't follow US instructions on oil output hike
2018-06-09
[PRESSTV] Iran has lashed out at the United States for asking Soddy Arabia
...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face...
to pump more oil to cover a drop in Iranian exports, saying the Organization of the Petroleum Exporting Countries (OPEC) would dismiss the appeal.

"It’s crazy and astonishing to see instruction coming from Washington to Saudi to act and replace a shortfall of Iran’s export due to their illegal sanctions on Iran and Venezuela," Iran’s OPEC governor, Hossein Kazempour Ardebili, told Rooters on Friday.

Kazempour Ardebili made the comments in response to reports that the US government had quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about one million barrels a day.

The rare request came after US President Donald Trump
...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and what ever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States...
publicly complained about OPEC policy and rising oil prices on Twitter. It also follows Washington’s decision to re-impose sanctions on Iran’s crude exports that had previously displaced about one million barrels a day, or just over one percent of global production.

The Iranian OPEC official said the organization would pay no heed to the US request and emphasized that Washington's sanctions on Iran and Venezuela would lead to a jump in oil prices, as they did during a previous round of US sanctions against Iran.

"No one in OPEC will act against two of its founder members. The US tried it last time against Iran, but oil prices got to $140 a barrel," he said.

He added that the OPEC members would unite in opposition to the US call, saying, "OPEC will not accept such a humiliation. How arrogant and ignorant one could be (to) underestimate the history of 60 years' cooperation among competitors."

Posted by:Fred

#4  This is what happens to the Mad Mullahs of Iran(R) don't think outside the mosque.
Posted by: Alaska Paul   2018-06-09 17:40  

#3  I think Trump undid an Obama-era executive order that put a lot of areas in the US off-limits to drilling - just run with that.
Posted by: Raj   2018-06-09 10:04  

#2  "No one in OPEC will act against two of its founder members." he said.

You don't get out much, do you?
Posted by: Frank G   2018-06-09 09:11  

#1  ...Life is full of little disappointments, Hossein. This is one of them.

Mike
Posted by: Mike Kozlowski   2018-06-09 06:51  

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