Thursday February 27, 2014

I've Been Thinking:

Iran has increased its oil export for the fourth month in a row.
According to sources monitoring the oil tankers, it is clear that
Iran has continued to increase its oil production and its exports. And increased exports are a tremendous injection of cash into the Iranian economy.

According to the sources, Iran will have exported 1.30 million barrels per day in the month of February. That is an increase of 100,000 barrels per day.

The main destination for these oil tankers appears to be Syria and South Korea. And it seems that sometimes the tankers unload at sea. They transfer their cargo ship to ship so no one really knows where the oil is from and where it is going. That happened twice this February in Indonesian waters.

It should be clear that Iran is taking full advantage of the situation presented it by the new international "let's trust Iran to do the right thing" attitude the world has adopted. That attitude has provided Iran with an entry visa back into the world oil market - even with the serious sanctions that are still out there.

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