Reply #21: I imagine that Venezuela would accept PetroEuos. [View All]

[amandabeech]

I believe that Iran already does.

The suppliers have the upper hand now and probably will have until the oil is gone.

Iran could also shut off the Straights of Hormuz and the entry to the Persian Gulf from the Indian Ocean. That would stop almost all shipping of Middle Eastern oil. A little might leak out of Yemen and the Emirates and the Saudi Yanbo terminal, and more might leak out into the Caspian and the Russian pipelines from Iran. Other than that, the rest of the world would have considerably less oil sloshing around.

Get those bicycles tuned up now, folks.