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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:3,139 Points:624,685 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:6,469 Points:1,918,060 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:1,644,845 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:2,181 Points:1,555,520 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:174,495 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:2,339,870 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:1,609 Points:458,390 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:2,613 Points:740,105 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:8,975 Points:1,457,475 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:9,690 Points:1,888,745 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:7,124 Points:1,266,510 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:3,817 Points:870,165 Joined:Apr 2010	Message Posted: Jul 1, 2012 11:17:07 PM Ignore umitb Report Abuse ok
comprof Champion Author Houston Posts:7,004 Points:1,383,475 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:2,679 Points:714,780 Joined:Jan 2011	Message Posted: Jul 1, 2012 11:16:57 PM Ignore jem069 Report Abuse ok
Point__man Champion Author Raleigh Posts:4,473 Points:905,315 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:2,832 Points:565,745 Joined:Jun 2011	Message Posted: Jul 1, 2012 11:16:28 PM Ignore PrinceLH Report Abuse Political posturing
Prodaddy Champion Author Houston Posts:8,516 Points:1,921,910 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:8,879 Points:2,004,085 Joined:Mar 2005	Message Posted: Jul 1, 2012 11:14:59 PM Ignore TBONE3 Report Abuse Betcha!!
judgemobile Champion Author Ohio Posts:7,700 Points:2,471,660 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:8,422 Points:1,927,885 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:3,489 Points:676,940 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:2,100 Points:2,550,715 Joined:May 2005	Message Posted: Jul 1, 2012 11:13:12 PM Ignore crreed1 Report Abuse more old news
bobdec Champion Author Miami Posts:9,099 Points:1,796,545 Joined:May 2008	Message Posted: Jul 1, 2012 11:12:49 PM Ignore bobdec Report Abuse I doubt it
SaturnSC Champion Author Columbus Posts:1,056 Points:856,725 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:4,207 Points:1,127,915 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:12,747 Points:2,416,275 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:3,397 Points:615,110 Joined:Sep 2011	Message Posted: Jul 1, 2012 11:10:48 PM Ignore SparkieMi Report Abuse Surprise, surprise!!!!!
joel27nc Champion Author Raleigh Posts:10,672 Points:1,885,095 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:7,391 Points:1,646,775 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:6,279 Points:1,910,020 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:1,858 Points:415,675 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:5,425 Points:1,492,940 Joined:Apr 2008	Message Posted: Jul 1, 2012 11:09:01 PM Ignore fullauto Report Abuse mushroom clouds will
CivicMA Champion Author Boston Posts:2,036 Points:562,215 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:15,911 Points:3,034,620 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:2,217 Points:1,695,830 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:3,579 Points:658,940 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:5,632 Points:1,536,990 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:7,660 Points:1,697,285 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:2,681 Points:689,900 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:8,126 Points:2,118,030 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:35,301 Points:2,398,095 Joined:Mar 2006	Message Posted: Jul 1, 2012 11:04:21 PM Ignore humblepie Report Abuse so sad
TheeRedRam Champion Author Hartford Posts:3,298 Points:699,360 Joined:Jun 2011	Message Posted: Jul 1, 2012 11:03:49 PM Ignore TheeRedRam Report Abuse Hummmmm!!!!!
ratboy1968 Champion Author Montreal Posts:2,752 Points:575,750 Joined:Oct 2011	Message Posted: Jul 1, 2012 11:02:20 PM Ignore ratboy1968 Report Abuse ok
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 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:681,255 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:6,625 Points:1,665,745 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:5,890 Points:1,168,560 Joined:Jan 2010	Message Posted: Jul 1, 2012 10:41:34 PM Ignore rippertoo Report Abuse We'll see.