Forum Thread

Iran introduced sanctions on the US..

Reply to ThreadDisplaying 7 Posts
  • Independent
    Ft.myers, FL
    Are you sure you want to delete this post?
        
    I don't know all the details, but they introduced sanctions on 15 US companies. They already bought more Airbus made planes, then Boeing. But I believe they may cancel some Boeing orders. This certainly will help our exports. but yeah Trump will create huge fantastic jobs. He will keep winning all over the place!! Don't let me laugh.
  • Center Left
    Independent
    Central, FL
    Are you sure you want to delete this post?
        
    I don't think it will be noticed since they don't purchase too much. Anything sold here is also sold elsewhere. Symbolic in deed. A message, perhaps.
  • Independent
    Ft.myers, FL
    Are you sure you want to delete this post?
        
    TJ Wrote: I don't think it will be noticed since they don't purchase too much. Anything sold here is also sold elsewhere. Symbolic in deed. A message, perhaps.
    No Tony, they buy a lot, especially since they got billions from what was blocked here before the "nuclear" agreement. Especially technology items as well aircraft. They are quite a bit larger country than Germany for instance as well have the "oil" for export. Thus they have "money"
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
    Are you sure you want to delete this post?
        

    The Times of India reports that the sanctions are for US companies that provide arms and support to Israel against the Palestinians. The sanctions, as Tony said, are largely symbolic because none of the firms do business with Iran.

    I usually have suspicions about any reports concerning Israel from the US media. That's why I referenced the Times of India. They list the companies affected.

  • Independent
    Ft.myers, FL
    Are you sure you want to delete this post?
        
    Schmidt, sure you should look farther than that; they still have the "oil" as well "money" that creates "leverage" in the middle east. Iraq's oil is in shambles so less competition. Saudi's are very careful not to "shake" the market. In the meantime we are building an 2500 miles XL pipeline from Canada to Texas, which will cost billions. By the time that is ready,the market will have changed. Also the refining of the "tar sands" oil is costly. Then because we don't need that oil, it likely will be exported, which creates another cost. Thus I wonder how you can then compete with the middle east oil,which will likely less costly to produce. Don't forget to amortize the pipeline building/maintenance cost as well over the production. My guess is that Iran can buy whatever they like, but likely not American made.An typical example is that Boeing is laying of workers right now because they sold less than Airbus . Iran bought a lot of Airbus planes. Also don't forget that they are surrounded by countries which are totally destroyed. Thus as as soon as the rebuilding starts; Iran will benefit the most by helping the rebuilt.
  • Strongly Liberal Democrat
    Democrat
    Portland, OR
    Are you sure you want to delete this post?
        

    I'll preface what I'm about to say with reminding everyone that I am 100% behind the full normalization of diplomatic relations between the United States and Iran.


    With that said, Iran's "sanctions" are worthless. Sure, they had an agreement to buy 80 airplanes from Boeing, but that's a drop in the bucket of Boeing's bottom line. You also left out the fact that Airbus asked for and received approval from the Obama Treasury Department to sign their deal, which was actually a smaller dollar amount even though it had more planes. (Plane sizes play a pretty big role in how much a plane costs.)

    I'll also point out that using oil as a leveraging point is a hell of a lot more difficult now. We get 38.8% of our oil from ourselves and 15.1% of it from Canada. Latin America supplies 19.6%. And the Persian Gulf comes in at 12.9%. The only sources that we get oil from less than the Gulf are Africa and "Other."

    Again - I want nothing more than to have our entire country get all of its energy from renewable resources, but we aren't there yet. All I'm pointing out is that the threat of an oil embargo from the Persian Gulf isn't as potentially catastrophic as it was during the Carter years.

  • Independent
    Ft.myers, FL
    Are you sure you want to delete this post?
        
    jaredsxtn Wrote:

    I'll preface what I'm about to say with reminding everyone that I am 100% behind the full normalization of diplomatic relations between the United States and Iran.


    With that said, Iran's "sanctions" are worthless. Sure, they had an agreement to buy 80 airplanes from Boeing, but that's a drop in the bucket of Boeing's bottom line. You also left out the fact that Airbus asked for and received approval from the Obama Treasury Department to sign their deal, which was actually a smaller dollar amount even though it had more planes. (Plane sizes play a pretty big role in how much a plane costs.)

    I'll also point out that using oil as a leveraging point is a hell of a lot more difficult now. We get 38.8% of our oil from ourselves and 15.1% of it from Canada. Latin America supplies 19.6%. And the Persian Gulf comes in at 12.9%. The only sources that we get oil from less than the Gulf are Africa and "Other."

    Again - I want nothing more than to have our entire country get all of its energy from renewable resources, but we aren't there yet. All I'm pointing out is that the threat of an oil embargo from the Persian Gulf isn't as potentially catastrophic as it was during the Carter years.

    Yes Jared good points; don't forget as in any aircraft deal it is the "options" you sign for as well ; I did deals of at least double the aircraft in "options". Airbus got those options and those likely will be converted into orders.. They may not consider to convert Boeings "options" because of our "attitude"

    For the rest you are correct related to the oil, however I wonder to whom we can sell the XL pipeline oil for an decent price..