JAPAN TO SLASH IRANIAN OIL IMPORTS
Game of Iranian Roulette Escalates Through Japan
More Pressure on Ghawar
Michael C. Ruppert
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March 17, 2006 0800 PST (FTW) - ASHLAND - Iranian Roulette is different than Russian Roulette. In Russian Roulette, when the hammer falls on a live round somebody dies. In Iranian Roulette, when the hammer falls on a live round, everybody dies.
A little while ago I received the following email from “Rick,” a brilliant FTW subscriber in Japan. It carries more bad news than you think.
05:05 - Nippon Oil, Others To Slash Iran Oil Imports On Embargo Concerns - March 16
According to reports, Japan's oil distributors are trying to reduce their dependence on Iranian oil. Nippon Oil Corporation announced on March 15 that it plans to reduce its crude oil imports from Iran by 16% this year. Showa Shell says it is preparing to expand procurements from Saudi Arabia.
Last year, Japan depended on Iran for about 14% of its total crude imports.
Oil distributors are reportedly make [sic] these moves to prepare for an oil embargo against Iran.
This news item is from Nikkei, March 16. http://www.nikkei.co.jp/news/sangyo/20060316AT1D1508E15032006.html
There’s no question that this indicates that Japan might be anticipating a US attack on Iran and what that would do to their oil supply. But is that a preparation for what Japan knows is coming or is it a covert operation? It’s a great bluff and there’s a long, well-documented record that these kinds of deceptions are dé rigueur. But the stakes are all-in on this hand. So what matters to me more is that in either eventuality the net result is the same: Japan will be trying to make up the difference by draining Saudi Arabia faster.
Matt Simmons and others have shown us all too well how strained by secondary and tertiary recovery injection are Saudi Arabia’s fields. The recent collapse of Burgan in Kuwait re-emphasizes the dangers of pushing secondary recovery. I believe the evidence shows that Ghawar and the lesser members of Saudi’s “royal family” of fields are teetering already. This will only turbo charge that process.
At this moment I am less afraid of an attack on Iran than I am that either oil supplies will start to collapse or that a climate crisis will occur. But these developments are stark reminders of the gravity of the present situation. It is almost as if the human race intends to commit suicide.
If that is the case then perhaps it’s time to start deselecting ourselves from a pact we never entered into.
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