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U.S. Bets New Oil Sanctions Will Change Iran’s Tune

NY Times -- WASHINGTON — After three and a half years of attempting to halt Iran’s nuclear program with diplomacy, sanctions and sabotage, the Obama administration and its allies are imposing sweeping new sanctions that are meant to cut the country off from the global oil market. Many experts regard it as the best hope for forcing Iran to change its course.

On Sunday, the European Union is putting in place a complete embargo of oil imports from Iran, which was the Continent’s sixth-biggest supplier of crude in 2011.

Three days ago, the United States imposed a new round of sanctions that could punish any foreign country that buys Iranian oil. However, it has issued six-month exemptions to 20 importers of Iranian oil who have significantly cut their purchases, including China, which has openly opposed

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Submitted Jul 01, 2012 By: epf

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sparky808 Champion Author Honolulu Posts:2,981 Points:594,810 Joined:Sep 2011	Message Posted: Jul 2, 2012 12:18:03 PM Ignore sparky808 Report Abuse Thank you for posting.
epf Champion Author Grand Rapids Posts:6,314 Points:1,887,355 Joined:May 2004	Message Posted: Jul 2, 2012 4:31:40 AM Ignore epf Report Abuse I'm glad to see this did so well.
Amtrgas Champion Author Oakland Posts:2,678 Points:1,618,095 Joined:Dec 2007	Message Posted: Jul 2, 2012 1:20:30 AM Ignore Amtrgas Report Abuse Do not think this will do anything to stop Iran. But, we will see.
bcok Champion Author Los Angeles Posts:2,106 Points:1,540,495 Joined:Oct 2005	Message Posted: Jul 2, 2012 12:57:41 AM Ignore bcok Report Abuse Hope this works because you don't know what to expect from the Iranians.
justmedc Veteran Author Michigan Posts:382 Points:174,045 Joined:Mar 2012	Message Posted: Jul 2, 2012 12:26:36 AM Ignore justmedc Report Abuse Three days ago, the United States imposed a new round of sanctions that could punish any foreign country that buys Iranian oil. However, it has issued six-month exemptions to 20 importers of Iranian oil who have significantly cut their purchases, - - love it, we are going to sanction you. oh wait, not 20 of them. doesn't seem to make alot of sense [Edited by: justmedc at 7/2/2012 1:27:07 AM EST]
LostToo Champion Author Illinois Posts:4,392 Points:975,315 Joined:May 2009	Message Posted: Jul 1, 2012 11:32:18 PM Ignore LostToo Report Abuse I am not all that good where history is concerned.... But isn't it something like this that started the bombing of Pearl Harbor? We backed Japland into a corner and they felt they had no other alternative. Now I know Iran is no Japland. But they still could make our lives miserable some how. And if not them maybe there buddies.
turbosaab Champion Author Cleveland Posts:19,009 Points:2,339,220 Joined:Sep 2006	Message Posted: Jul 1, 2012 11:30:56 PM Ignore turbosaab Report Abuse It's a bad bet. With neither China nor Russia paying any heed to the embargo, this effort will be fruitless.
jorod55 Champion Author California Posts:1,460 Points:427,950 Joined:Dec 2011	Message Posted: Jul 1, 2012 11:28:09 PM Ignore jorod55 Report Abuse Eat your oil.
firefly09 Champion Author San Diego Posts:2,483 Points:713,695 Joined:Mar 2009	Message Posted: Jul 1, 2012 11:22:18 PM Ignore firefly09 Report Abuse If we don't buy it; someone else will. Although we have plenty of oil right here that we do not use for ourseleves.
granitestater Champion Author New Hampshire Posts:8,800 Points:1,426,750 Joined:Oct 2008	Message Posted: Jul 1, 2012 11:21:43 PM Ignore granitestater Report Abuse Nobody needs Iranian oil anymore...
rxman1 Champion Author Toledo Posts:9,522 Points:1,857,895 Joined:Nov 2007	Message Posted: Jul 1, 2012 11:20:59 PM Ignore rxman1 Report Abuse All talk. You know someone is going to buy
BobD2009 Champion Author Long Island Posts:6,974 Points:1,236,860 Joined:Apr 2009	Message Posted: Jul 1, 2012 11:18:14 PM Ignore BobD2009 Report Abuse It's a sucker bet, someone will buy Iranian Oil.
umitb Champion Author Indianapolis Posts:3,659 Points:840,415 Joined:Apr 2010	Message Posted: Jul 1, 2012 11:17:07 PM Ignore umitb Report Abuse ok
comprof Champion Author Houston Posts:6,839 Points:1,352,750 Joined:Jul 2009	Message Posted: Jul 1, 2012 11:17:05 PM Ignore comprof Report Abuse Only work if India, China, and Russia comply.
jem069 Champion Author Detroit Posts:2,523 Points:684,155 Joined:Jan 2011	Message Posted: Jul 1, 2012 11:16:57 PM Ignore jem069 Report Abuse ok
Point__man Champion Author Raleigh Posts:4,315 Points:873,695 Joined:Oct 2010	Message Posted: Jul 1, 2012 11:16:45 PM Ignore Point__man Report Abuse Bet those like Japan, Russia, China and others like them are extremely happy right about now.
PrinceLH Champion Author Ontario Posts:2,677 Points:535,120 Joined:Jun 2011	Message Posted: Jul 1, 2012 11:16:28 PM Ignore PrinceLH Report Abuse Political posturing
Prodaddy Champion Author Houston Posts:8,360 Points:1,891,185 Joined:May 2007	Message Posted: Jul 1, 2012 11:16:14 PM Ignore Prodaddy Report Abuse They need some adjustment
TBONE3 Champion Author Pennsylvania Posts:8,726 Points:1,972,650 Joined:Mar 2005	Message Posted: Jul 1, 2012 11:14:59 PM Ignore TBONE3 Report Abuse Betcha!!
judgemobile Champion Author Ohio Posts:7,555 Points:2,442,210 Joined:Nov 2005	Message Posted: Jul 1, 2012 11:14:47 PM Ignore judgemobile Report Abuse never worked in the past, and with all the exemptions and exceptions, has all the resistive force of a leaky sieve.
Rageagainsttm Champion Author Tampa Posts:8,288 Points:1,900,055 Joined:Jul 2007	Message Posted: Jul 1, 2012 11:14:31 PM Ignore Rageagainsttm Report Abuse cool
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jul 1, 2012 11:14:14 PM Ignore tedjm1 Report Abuse Will it work? Doubt it.
MN1 Champion Author Twin Cities Posts:3,339 Points:646,590 Joined:Jun 2011	Message Posted: Jul 1, 2012 11:13:32 PM Ignore MN1 Report Abuse Hope it works, we don't need another war.
crreed1 Champion Author West Virginia Posts:1,970 Points:2,523,410 Joined:May 2005	Message Posted: Jul 1, 2012 11:13:12 PM Ignore crreed1 Report Abuse more old news
bobdec Champion Author Miami Posts:8,949 Points:1,766,795 Joined:May 2008	Message Posted: Jul 1, 2012 11:12:49 PM Ignore bobdec Report Abuse I doubt it
SaturnSC Champion Author Columbus Posts:1,051 Points:829,875 Joined:Nov 2008	Message Posted: Jul 1, 2012 11:12:35 PM Ignore SaturnSC Report Abuse Iran will never learn
jkpsr Champion Author New Jersey Posts:4,069 Points:1,099,105 Joined:Jun 2005	Message Posted: Jul 1, 2012 11:12:26 PM Ignore jkpsr Report Abuse It is in effect now, yet the price of crude has not budged.
tml721 Champion Author Columbus Posts:12,595 Points:2,386,625 Joined:Jul 2005	Message Posted: Jul 1, 2012 11:11:50 PM Ignore tml721 Report Abuse OHH How brutal!! we're really scaring them now! BULL
SparkieMi Champion Author Kalamazoo Posts:3,244 Points:584,445 Joined:Sep 2011	Message Posted: Jul 1, 2012 11:10:48 PM Ignore SparkieMi Report Abuse Surprise, surprise!!!!!
joel27nc Champion Author Raleigh Posts:10,522 Points:1,855,445 Joined:Mar 2008	Message Posted: Jul 1, 2012 11:10:44 PM Ignore joel27nc Report Abuse My money is on.......
srchr Champion Author San Jose Posts:7,233 Points:1,616,050 Joined:Apr 2008	Message Posted: Jul 1, 2012 11:10:09 PM Ignore srchr Report Abuse it's called kicking the can down the road
blazerbob91 Champion Author Milwaukee Posts:6,125 Points:1,879,670 Joined:Aug 2005	Message Posted: Jul 1, 2012 11:10:04 PM Ignore blazerbob91 Report Abuse It's another Obama pipe dream
boatfloyd Champion Author Jacksonville Posts:1,703 Points:385,050 Joined:Mar 2012	Message Posted: Jul 1, 2012 11:09:07 PM Ignore boatfloyd Report Abuse I will slow them down, but not solve the problem.
fullauto Champion Author Reading Posts:5,300 Points:1,468,065 Joined:Apr 2008	Message Posted: Jul 1, 2012 11:09:01 PM Ignore fullauto Report Abuse mushroom clouds will
CivicMA Champion Author Boston Posts:1,877 Points:531,195 Joined:Jun 2011	Message Posted: Jul 1, 2012 11:08:57 PM Ignore CivicMA Report Abuse Sure, and I have a bridge for sale!
Bonito Champion Author Dayton Posts:15,728 Points:3,003,895 Joined:Jun 2004	Message Posted: Jul 1, 2012 11:08:38 PM Ignore Bonito Report Abuse This is a poor bet if I ever saw one!
MRHONEST Champion Author Illinois Posts:2,212 Points:1,674,080 Joined:May 2007	Message Posted: Jul 1, 2012 11:08:26 PM Ignore MRHONEST Report Abuse Let's hope so!
thuathienhue Champion Author Michigan Posts:3,438 Points:629,790 Joined:Jul 2011	Message Posted: Jul 1, 2012 11:08:24 PM Ignore thuathienhue Report Abuse Don't think so.
N5EXY Champion Author Austin Posts:5,475 Points:1,506,565 Joined:Jul 2004	Message Posted: Jul 1, 2012 11:07:10 PM Ignore N5EXY Report Abuse I won't bet the farm on it.
Blue_Cruzer Champion Author Lexington Posts:7,505 Points:1,666,660 Joined:Mar 2007	Message Posted: Jul 1, 2012 11:06:45 PM Ignore Blue_Cruzer Report Abuse We shall see.
rahcat Champion Author Grand Rapids Posts:2,453 Points:659,275 Joined:Jan 2010	Message Posted: Jul 1, 2012 11:05:58 PM Ignore rahcat Report Abuse Old News
baconnie Champion Author Dallas Posts:2,797 Points:563,210 Joined:Jun 2008	Message Posted: Jul 1, 2012 11:05:29 PM Ignore baconnie Report Abuse really
ssect8 Champion Author Hartford Posts:7,973 Points:2,092,520 Joined:Jun 2006	Message Posted: Jul 1, 2012 11:04:46 PM Ignore ssect8 Report Abuse I doubt that it will.
humblepie Champion Author Toledo Posts:34,065 Points:2,367,370 Joined:Mar 2006	Message Posted: Jul 1, 2012 11:04:21 PM Ignore humblepie Report Abuse so sad
TheeRedRam Champion Author Hartford Posts:3,148 Points:669,710 Joined:Jun 2011	Message Posted: Jul 1, 2012 11:03:49 PM Ignore TheeRedRam Report Abuse Hummmmm!!!!!
ratboy1968 Champion Author Montreal Posts:2,602 Points:545,350 Joined:Oct 2011	Message Posted: Jul 1, 2012 11:02:20 PM Ignore ratboy1968 Report Abuse ok
mstearno Champion Author Dayton Posts:8,048 Points:1,728,210 Joined:Jan 2008	Message Posted: Jul 1, 2012 10:51:30 PM Ignore mstearno Report Abuse maybe the next president
dabbadu Champion Author New York Posts:1,056 Points:658,005 Joined:Feb 2011	Message Posted: Jul 1, 2012 10:50:50 PM Ignore dabbadu Report Abuse Gotta tighten screws a whole lot more before them mullahs get with the program.
greenfog Champion Author Illinois Posts:6,470 Points:1,635,020 Joined:Feb 2008	Message Posted: Jul 1, 2012 10:50:49 PM Ignore greenfog Report Abuse iran will still sell oil even if it is a round about way.
rippertoo Champion Author Tacoma Posts:5,735 Points:1,137,835 Joined:Jan 2010	Message Posted: Jul 1, 2012 10:41:34 PM Ignore rippertoo Report Abuse We'll see.