Tuesday, April 03, 2007

Iran makes £55 million from hostage crisis as oil prices soar






1.00 GBP = 1.97329 USD

Scotsman reports that IRAN is gaining up to £5 million (~ $110 million) a day from detaining 15 British sailors and marines as the crisis causes the price of oil to rise dramatically.

Since Iran's Revolutionary Guards seized the Britons 11 days ago, the price of oil has soared 10 per cent, reaching six-month highs of $66 per barrel in New York last week. According to OPEC figures, Iran exports 2.3 million barrels of oil per day, meaning Tehran has profited from the crisis by up to £5 million a day. By the end of today, the extra cash it has raked in could total £55 million. And you can bet your bottom dollar, or pound, that this extra money is not going to go to Iranians who live in abject poverty (40% live below poverty level) while The God Father, Khamanie, and his gang pocket the money. Some of it is probably reserverd for training new batches of Hamas, Hizballah and other Arab mecenaries heading toward Islamic Republic's terrorist training camps of their terrorist brethern,IRGC, in Iran. In the meantime, the reputation of average Iranian gets sullied on the international scene.

3 comments:

Frieda said...

sorry this is not related to your post, but I thought you may like to see this slide show:

http://www.pbase.com/k_amj/throughout_iran&view=slideshow

SERENDIP said...

Thank you so much, Frieda. The pictures are absolutely stunning.

Winston said...

Does UK get any of this money?

;-)