Oil & Gas Prices: U.S. oil sanctions have actually increased Iranian oil sales! Saudi oil sales increase! Algeria oil increase! Ecuador oil increase! Iraq planning to avoid Strait of Hormuz

According to the Joint Organization Data Initiative (JODI), Iranian oil sales have gone up since the United States started their sanctions games last year!

In January 2012, Iran exported 2.265 million barrels per day. The highest since December 2008!

Of course part of the increase is from customers stocking up now, ’cause they’re afraid the Iranian oil supply will end due to new sanctions and a possible war (again, no thanks to the United States, European Union and Israel).

Those same sanctions, and threats of war, have also increased Saudi Arabian oil sales to the United States.  U.S. officials managed to get Saudi officials to change their minds about not increasing oil production, at a recent IEF meeting.

Canadian media reporting that Saudi oil exports to the U.S. have already increased by 25%.

Algeria and Ecuador have also increased oil production.  Algeria by 18%, Ecuador by 41%!

All this comes at a time when oil industry leaders say there is plenty of oil in the system. It could be a sign of stockpiling before the Third World War gets going full throttle.

Iraq is preparing by planning oil shipment routes that will avoid the Strait of Hormuz. They plan to build new pipelines to Turkey: “Short and mid-term plans will be through boosting crude pumping and upgrading export capacity via Ceyhan port in Turkey. Also to increase the number of trucks that are shipping crude.”-Iraqi government statement