US federal prosecutors are struggling to sell off a shipment of stolen Iranian oil being carried by a Greek tanker off the coast of Texas, The Wall Street Journal reported Tuesday.
The US Justice Department seized the Greek tanker Suez Rajan in April under the pretext of sanctions enforcement and forced the ship to head for Texas instead of China. The Suez Rajan is carrying 800,000 barrels of stolen oil and is currently off the coast of Galveston.
According to the Journal, the US can’t sell the oil because the companies that would unload the oil are worried about Iranian retaliation in the Persian Gulf. “Companies with any exposure whatsoever in the Persian Gulf are literally afraid to do it,” a Houston-based energy executive involved in the matter told the paper.
The executive said that several companies contacted about the oil declined to unload the cargo. After the US stole the Iranian oil shipment, Iran seized two tankers in the Persian Gulf, which was likely retaliation.
Since then, the US has announced several measures to increase its military presence in the region to prevent more Iranian seizures in the Persian Gulf that it provoked in the first place.
The US has a history of seizing tankers and stealing Iranian cargo. In 2021, the Biden administration sold off two million barrels of Iranian oil taken from a tanker that was seized off the coast of the UAE. During the Trump administration, the US seized ships carrying Iranian gas bound for Venezuela and discharged some of the cargo in New York.
Anybody else becoming tired of a gate keeper US government lying, thievery, environmental destruction and war?
Did you say “STOLEN BY THE US?” I thought we were a “Nation of Laws?” …No. No need to answer. (Sarcasm)
No, no,no, it is “rules based order”. Got it? /s
Got it. LOL. Have you seen this: Liberal International Order = Rules Based Order
From Wikipedia, the free encyclopedia
In international relations, the liberal international order (LIO), also known as the rules-based international order (RBIO),[1] or the rules-based order (RBO),[2] describes a set of global, rule-based, structured relationships based on political liberalism, economic liberalism and liberal internationalism since the late 1940s.[3] More specifically, it entails international cooperation through multilateral institutions (like the United Nations, World Trade Organization and International Monetary Fund) and is constituted by human equality (freedom, rule of law and human rights), open markets, security cooperation, promotion of liberal democracy, and monetary cooperation.[3][4][5] The order was established in the aftermath of World War II, led in large part by the United States.[3][6]
The US should return it back to Iran without conditions. Just as Russia should return the occupied land to Ukraine.
They won’t return the tanker back to Iran because their ego doesn’t allow them…!
Nope. Because a pirate takes what they can and gives nothing back.
“The Oil Pirates of the Persian Gulf” … Hollywood should get on it, America needs you!
Wasn’t one of our first military acts as a country against the Barbary pirates … and now we’re the pirates … full circle.
“Since then, the US has announced several measures to increase its military presence in the region to prevent more Iranian seizures in the Persian Gulf that it provoked in the first place.”
Sounds familiar. Provoke until they respond and then blame them while saying their response was unprovoked. Then you respond to their response while blaming them for provoking your response. I think.
The actions of a thoroughly corrupted “government”. Crooks all.
See Garland Nixon’s YouTube clip: MASSIVE FBI CORRUPTION REVEALED IN THE HUNTER BIDEN SCANDAL
Piracy, an essential part of the “Rules Based International Order”
If we would open production domestically as we keep attempting to do while the greenies keep trying to prevent it in all their fun ways, prices could be driven back down to $50 oil (the fracking breakeven number).
At that point we would start to question why we are so “involved” in the Mid-East.
Those tankers would not be such a “prize” would they?
the US already exports more oil every single day than it imports.
what would be the result of allowing more oil-drilling off the coasts of the US?
it would be exported, that’s what would happen.
I’m speaking of an increase of domestic production that will drive world prices down.
Lower world prices that do not depend on Mideast oil removes that region from our cares.
If we don’t care we don’t shoot people or go to war, do we?
Who cares if we export excess oil?
If I had plenty of oil for my own use and someone wanted to give me $50 a barrel for as many barrels I could sell them, it’s “drill baby drill”
“If I had plenty of oil for my own use and someone wanted to give me $50 a barrel for as many barrels I could sell them, it’s “drill baby drill””
i hear you. but the problem is that it is not uncle sam’s oil – it is chevron’s oil. that’s why we pay through the nose for fuel no matter how much oil there is. and every time we turn around there is an extreme environmental disaster. i say the longer that hippies can keep chevron from destroying all the land and seas around them, the better.
Carter was the last President to impost fees on excess profits by the fossil fuel industry. A windfall profits tax. It is interesting that Putin imposed a windfall profit tax on Gazprom. It is also interesting the Exxon/Mobile can have record profits and not pay a dime in taxes.
“Exxon income taxes for the twelve months ending March 31, 2023 were $22.330B, a 131.49% increase year-over-year.”
When the US military is rhe biggest domestic consumer profits follow.
Really?
Have you forgotten fracking and the North Dakota boom towns that were going crazy on $50 oil?
The senile recent President’s agenda only lasts as long as his puppetmasters.
Well, to the “greenies” and the “drill baby drill” ones, I say this: IT IS TOO D*MN LATE!
Why?
Is the world in a static state and nothing changes?
As of July 11, the US Energy Information Administration’s forecast for US oil production in 2023 was 12.56 million barrels per day. That’s twice what it was 10 years ago, and ascending back toward the 2019 record high, and on par with Saudi production at its height (current Saudi production is about 9 million barrels per day).
Could it be more “open?” Sure. But it’s not exactly “closed” by any reasonable measure.
So?
I’m speaking of increased production that drives oil prices.
Your production numbers do not a reflect an ability to do that because quite simply prices are not at $50.
Did I even mention “closed” in whatever manner you believe?
Well, you seem to have half of the equation down, anyway, which is more than usual. Odd that you don’t know that if you’re wanting something to be made “open,” you are implicitly claiming it’s “closed,” though.
Implicit? Closed?
Half of the equation?
Do you read my comments prior to replying? Or just skim them?
I shared in my original comment a big reason why we don’t approach controling world prices, namely the “greenies” (as well as my usual pointing out market concerns translate into shooting at others for control in this case in regards to the ME.)
Your numbers merely show how much we produce and I really don’t understand what those add to a converation about world prices other than to compare to other’s numbers to show why we can’t control prices at that low amount.
$50 was the price point where the smaller frackers “claimed” the big boys would push them out (it was lower in reality but that was the complaint price;-)
and it’s a easily doable point today that sure would lesson the ability of some to finance their activities btw.
I’m aware that $50 per barrel or thereabouts is the break even point for shale oil.
But it’s not just supply that determines price. There’s another half of that equation — demand, which was severely depressed 2020 and the first half of 2021. And even given that depressed demand, Biden signed more federal oil leases (i.e. “opened” supply up) in his first year than Trump had.
Yes demand does.
That’s kind of how markets work.
Oversupply a market and price drops.
I really don’t understand why you are objecting to removal of incentives to meddle in other parts of the world but you are.
I’m not objecting to anything.
Then why whenever I mention removing market reasons such as oil from the reasons why we fight wars you want to pipe in that I’m wrong and in this case bringing in information that only tangentially applies in that it’s useful for comparisons but who cares otherwise?
We protect markets and resources that those markets need with our 800+ bases.
You don’t believe it’s for altruistic reasons, do you?
I didn’t say you were wrong. I questioned what you meant by “open,” since things already seem to be that way.
Why whenever you say something and I ask a question or have a comment do you suddenly get all butthurt and distracted and start pretending I said stuff I didn’t say?
Are you back to claiming you never referred to J and T and acting as if I’m nuts and making it up?
I found it in your history yet you keep claiming otherwise.
Butthurt?
No, just wondering if you are senile because you have memory issues.
“I found it in your history”
If so, then please share the link to that comment.
As for THIS thread, all you have to do is look up to see that I didn’t complain that you were “wrong,” but rather merely wanted to delve into the issue of how “open” (or not open, aka “closed”) US oil production is.
It was from 5 days ago.
I shared yesterday that I found it and you did not bother to scroll back in your history Knapp?
Are you efing kidding me?
Why don’t you efing bother to verify and get back to your inevitable free market nonsence that I know you want to blabber about?
I really want to hear how your theories match what is occurring today. Namely a market protected our military “might” and how that is in anyway free.
Why on earth would it be my job to prove your claims? In point of fact, I DID search my comments for a full two weeks back, and so far as I can tell the only time I’ve used the phrase “J and T” was when informing you that I had never before used the phrase “J and T.”
“I really want to hear how your theories match what is occurring today. Namely a market protected our military ‘might’ and how that is in anyway free.”
Sure:
My “theory” is that it is not in any way free, and that the same is true of almost all existing markets. SOME case could be made for black and gray markets being “free,” with the possibility of getting caught as just a cost of doing business, but I’m not sure I’d buy that.
“Free markets” are a mostly unrealized ideal. Which is pretty much what I always point out when someone pretends that, for example, NAFTA is actually a “free trade agreement” rather than what it is (a managed trade agreement between states, with the phrase “free trade” stuck in there because it appeals to certain groups).
With respect to this particular subject, as I’ve written elsewhere:
Thomas L. Knapp
ZaSu (say-zoo) Pitts
5 days ago
“The new, we only need 30 days of supply, is only one very obvious sign stuff is getting short.”
How’s that? “Just In Time” production and shipping have been non-military commercial practice for decades. It’s not an approach I’d recommend for large military forces, but neither is it an approach that I’d find surprising.
Apologize @sshole you brought it up just as I shared, you senile clown.
Because you claim you never said and you fucking did, that’s why asshole. Its on cluster bomb thread and it shares it’s from 5 days ago.
You are being an obtuse asshole by your continuing deniles about writing that fucking phrase but then you are a clown aren’t you?
I can click your name and find the reference even though your senality prevents you from finding it.
Now you are actually claiming you never have engaged me on oil production and free markets in the manner I share.
You are fucking senile Knapp and your deniles are beclowning you as always.
I can remember a big long thread where you tried to claim our market is a “free market” with it ending with uou finally acknowlefging it’s theory not reality as I shared at the fucking behinning but you had to argue.
It’s on the clusterbomb thread from 5 days ago you senile 🤡
So I see you’ve acknowledge “free markets” is a phrase not a reality.
That’s quite different from when you get upset like a bi tch when I share free markets are a myth never realized.
You are f ucking senile and just like to argue.
Closed markets?
You pulled that one out of your a-ss today just to get an argument going because your claims about munitions supply levels from yesterday had to be embarrassing as heck.
Not only do I “acknowledge” that free markets are not a reality, that’s been my argument the whole time, every time you’ve blamed the “free trade” that doesn’t exist for this or that social ill.
Pseudonymous trolling must be very tiring. It’s making you extremely irritable.
Really Knapp?
I remember several times when I made the observation that free markets do not exist and are myths but you just had to argue.
You keep blabbering about how low prices are so great without considering the high costs that subsidize those prices don’t you?
Of course you’ll deny you ever did just like with your Just in Time comment you called me a liar so many times these past few days. You’ll soon try to forget your claims that there’s plenty of munitions because they are lying because everyone knows that’s a typical Knapp fantasy with no basis.
Of course you’re ignoring the comment now aren’t you?
Copy and paste of it was provided but Knapp is not man enough to say he’s sorry for being an a ss.
Where’s the apology?
How many posts did you make saying I was making crap?
Apoligize 🤡
“I remember several times when I made the observation that free markets do not exist and are myths but you just had to argue.”
Interesting that you’ve changed the subject from “free trade,” which you have insisted over and over does exist (but means something other than what it means) while I have insisted over and over does not exist, to an orthogonal concept, “free markets,” AND tried to position yourself opposite your actual previous position while trying to magically cause my position to change 180 degrees.
Is that your way of distracting from your embarrassment over proving yourself wrong about “J and T?”
Really? Are you actually lying now?
You are a hack.
Hack and a 🤡 is all you are Knapp.
Have you published any books?
Or is letters to the editors and free filler all you’ve written?
You know damn well you’ve wasted my time with your games.
Perhaps you play games because the nonsence you believe is laughible?
Do you want to share how JiT will work?
You claim they are lying about running short so why don’t you share that further?
Likely because being the hack you are (got any ISBNs like a real writer has?)
I’ve published three books — one on roulette, one on how to write an op-ed and get it published, and one that’s a collection of columns from my first 20 years on the intertubes.
“Do you want to share how JiT will work?”
As I specifically said when I brought it up, I didn’t think it worked very well when it was adopted in a non-military manufacturing context at a factory I worked at nearly 30 years ago, and am skeptical that it will work well for war materiel production — but that I assumed it had some adoption in that latter area, since it turned out not to be a flash in the pan fad.
“You claim they are lying about running short so why don’t you share that further?”
I did NOT claim that they are lying. I said that I don’t treat their claims as evidence because they have a history of lying about that subject.
Thomas L. Knapp
ZaSu (say-zoo) Pitts
5 days ago
“The new, we only need 30 days of supply, is only one very obvious sign stuff is getting short.”
How’s that? “Just In Time” production and shipping have been non-military commercial practice for decades. It’s not an approach I’d recommend for large military forces, but neither is it an approach that I’d find surprising.
Yes, Just In Time. JIT. Not “J and T.” I repeatedly asked if you meant JIT and you insisted no, it was “J and T.” No biggie. Never used that phrase except to tell you that I’d never used that phrase.
What? I used a abbreviation and I used the full phrase as you used it and now you are arguing this?
🤡, you are a 🤡
Of course you could not argue that JiT would work so you had to deny it was mentioned by you and try to avoid your claims about inventory levels.
Are you still claiming they are lying?
Are staying with that bit of comedy 🤡?
They really have plenty because you have some nonsensical imagination don’t you?
You are a complete 🤡 Knapp but you know that don’t you?
“What? I used a abbreviation and I used the full phrase as you used it and now you are arguing this?”
There’s nothing to argue about. You claimed I used a phrase I had never used in conversation with you, and so far as I can remember have never used in my life. Since that was rather confusing, I asked you if you were thinking of a different phrase I had used, and you just kept insisting that no, I had used the phrase I had never used.
“J and T” is neither an “abbreviation” of “Just In Time” nor a phrase I had used. It’s just that fucking simple, but pseudonymous trolls have to have something to pseudonymously troll about, I guess.
You lied about JT and wasted my time so ef you hack (sure you hack, they have plenty, another comical belief of yours) and now you claim you never tried to argue with me about your myth of free markets.
How many times have you made the claim low priced imported goods (subsided in many ways low prices btw) which uneducated hacks like you believe raises standards of living as if everything is binary.
Why don’t you stick with your red meathackery (Trump wants bomb drug labs; that was a bit of the typical crap hacks write)
you are a waste of time and I understand why people hand you out so many downvotes.
I didn’t claim that I never argued with you about free markets. I pointed out that the actual argument was about a sub-set of that — “free trade” — which YOU insisted exists and is responsible every problem on the sun, and I argued does not and never has existed.
I have a belief “equations” may be hard for you hense you recent replies to me.
So, we’ve been fucking with Iran for over 40 years and it’s solely because of oil?
Not solely, but a large part of the reason why we care about that region.
You don’t believe it’s because we want “better” for the people there?
No, of course not. I just don’t think we’d change all that much, belligerence wise.
The leadership have no honor. They are as corrupted a gang as the world has ever seen.
…and they should be afraid because they got the warning from Iran…!
Glad Amerikkka thought this out so well before pirating that tanker 😆
No buyers? No problem, just dump it into the Gulf of Mexico….
White House lawn.
😂
But Obama paid for it in advance w pallets of taxpayer’s cash.(kidding). It was Seized due to of Sanctions. They have long threatened the U.S. with nuclear destruction. Their oil doesn’t help their own people, it goes towards Nukes which they lied about. They have attacked the U.S. military, kidnapped Americans and cut off their heads on camera. Their own people don’t like their leadership. The Shell Oil refinery in Deerpark is now Valero which is owned by who??? Part of the new alliance of evil. There is much more to this story than the article sites.This “article” is bias in spite of whatever one thinks about the United States. If you just go along with whatever the so called Press says, that’s Mass Formation Psychosis and Cognitive Dissonance, not Critical Thinking. Do you think Iran is Anti-War?