Including against its oil industry which has helped fund its military activities and those of its proxies across the middle east. Data from Energy Analytics firm, vortexa, suggests that in the first three months of this year, iran exported more oil than at any time in the last six years, with most of it going to china. Iran currently produces about 3 of the worlds oil supplies. Earlier i spoke to Philip Worman who is a senior Managing Director we have heard about new sanctions from the us and uk, targeting executives of an Engine Manufacturer that supplied the drones iran used in that attack on israel. Companies also linked to irans Steel Industry are being targeted. Earlier i spoke to Philip Worman who is a senior Managing Director at Risk Consultanchs held. Philip advises on sanctions risk. Well, its interesting. Even with the recent Missile Attacks on israel, the price of crude really hasnt gone up in the same way that you saw with previous geopolitical shocks. So crude is kind of p
it s the most heavily sanctioned country in the world. so even the president of iran, ebrahim raisi, is sanctioned. so where do you go from there? you could sanction more militia leaders, more politicians. that ain t going to move the needle. what i think is going to happen are two things. so the us is going to start going after these proxy traders of iranian oil that we re seeing popping up in places like hong kong, singapore, the uae, that are shadowy, you can t see who owns them and they are certainly sending oil to china. the other thing the us is going to do, we think, is going to make it harder for refineries and ports, particularly in china, to take iranian oil. and you ve got two big bills, one of which has gone through the house and senate, one of which is going through senate now in the us, that are designed explicitly to make it difficult for china to take oilfrom iran. philip, very quickly, about 30 seconds, the war premium that had been added on crude prices, is that now g
soil, of the water, in these communities, to ensure that it s safe. we know the evacuation order, i believe, was only for a few days and people were allowed to return. for those who haven t returned, i definitely understand their concern about not returning, because of the array of symptoms that residents are already saying they are experiencing, as well as their pets and other animals. prem, you know, are we likely to see more disasters like this in the future? you have the pulse on this beat certainly better than i do. there was this report in the guardian that says the u.s. transportation department back in 2020 approved a rule to allow rick by if ied natural gas or lng to be shipped via rail with no additional safety regulations and trains can now run 100 or more tanks filled with 30,000 gallons of the substance. largely from shale fields to saltwater ports. and to put that in perspective, just 22 train tank cars filled with lng hold the same amount of
into the u.s. in the shale fields. and basically what s happening is we re having a gusher, an oil gusher. we have 800,000 barrels per day increase between now per year, between now and 2016, where we ll reach 9.5 million barrels per day. that s higher than the energy department forecast this time last year. that s happening in places like pennsylvania, north dakota, texas. this is really a technology revolution. what s happening is the drillers can actually see through the rock because of the seismic it s really a seismic technology that allows them to know where the oil is. that s what the real change is. and of course put that together with fracing and you have lots of new supplies. so the u.s. is a big energy producer now. canada has been an oil gusher for at least a decade.
communities, whether it s in a pipeline, in a train, in a truck, by passenger pigeon. ale sands is the wrong product to be shipping through america s communities. reporter: the whole debate is so hot right now because oil production between the shale fields of north dakota and oil sands of western canada is booming, martha. martha: indeed it is. thank you very much. dan springer. bill: fox news alert right now on the healthcare showdown. based on the clock they have been at it for 2 27 minutes. first round supreme court hearings underway. some argue don t mend it you have to get rid of all of it. tea party member steve king will make that point in a moment as we talk to him. martha: rick santorum taking heat over comments he made to a new york times reporter, listen to this. quit distorting my words. if i see it it s full of. [bleep] come on, man, what are you doing?