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EU Moves To Ban Iran Crude Oil

rtoz writes with this snippet from the BBC: "EU member states have agreed in principle to ban imports of Iranian crude oil to put pressure on the country over its nuclear programme. ... The US, which recently imposed fresh sanctions on Iran, welcomed the news. ... The Iranian state gets more than half of its revenue through the export of crude oil, says the BBC's James Reynolds. If Europe does stop buying, Iran will have to turn to countries in Asia to replace its lost trade, who will demand a discount, he adds."

8 of 361 comments (clear)

  1. Iran better hurries up by Anonymous Coward · · Score: 5, Funny

    Iran 'might' be working on a nuclear bomb and the EU wants to put an embargo on them.
    the USA, Russia, India, China, Pakistan and Israel all HAVE nuclear bombs and the EU is happily trading and talking with them.

    Conclusion:

    Once Iran finishes it's research the EU and Iran will be Best Friends Forever.

  2. Here we go again... by jholyhead · · Score: 5, Insightful

    We ban crude oil imports, Iran blockades the Straight of Hormuz, the US bombs Iran. They wont even need a dodgy dossier this time around. Here's to another decade of war.

  3. Re:Cutting the nose to spite the face by Anonymous Coward · · Score: 5, Interesting

    China not a threat? I would call BS. They have been a major threat to the US since they found they are good at wars by proxy. The Korean war was a stalemate. The Vietnam conflict was an easy victory for them. Other places like Afghanistan, Pakistan, and other countries where insurgents "mysteriously" get ammo and explosives from somewhere also show this.

    Look how they killed the solar industry in the US. Six months ago, /. had the articles about how sites belonging to energy companies were being hacked. Then a few months ago came the solar panel dumping for less than the cost of making them. Now we are sans a complete industry because of this, and MORE dependent on oil/gas while they are happily building the latest, safest nuclear reactors and getting off of coal.

    Look how they are securing rare earths and other resources.

    China is smart, and extremely brutal. They know that a couple shipments of C4 that mysteriously wind up in a bunch of insurgent hands go a lot further than sending PLA troops in a region. This is how they can win a battle in a theater of conflict without a single member of the Han race ever firing a shot.

    China is doing a damn good job at keeping the US stuck on fighting in shithole countries to keep the foreign oil flowing while they are going to a post oil economy.

  4. Re:The EU are surely better than this... by chrb · · Score: 5, Insightful

    There is not that much demand for oil,

    Oh really? world oil demand 1996-2012.png

    Also never mind that lot of these countries are actually self-sufficient in oil needs too.

    Can you name a single EU country that is self-sufficient in oil? EU is a net importer, it has to buy on the world market, restricting supply by refusing to buy from one country means that the price goes up (unless other suppliers have the motivation and resources to increase supply at no cost, which seems doubtful in this case).

  5. Re:Cutting the nose to spite the face by drinkypoo · · Score: 5, Insightful

    Look how they killed the solar industry in the US.

    Let's be clear, China didn't do anything alone. They whipped the slaves, the slaves were industrious, we bought the fruits of their industry. With few exceptions the Chinese are working in conditions of one sort or another which would be illegal here, even if they are not literal slaves literally being whipped. I would imagine that happens less in Solar production and more in cheap crap consumer goods.

    As long as we on one hand pass laws which claim to protect the rights of the laborer and on the other hand continue to purchase goods from countries which do not respect any such rights we are continuing to fund our own devastation through the application of hypocrisy.

    We choose to purchase goods from China, both at the personal and national level. What effect did you think that would have?

    --
    "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  6. Re:Cutting the nose to spite the face by NeutronCowboy · · Score: 5, Insightful

    Strange, considering that when Libyan oil started to go into Chinese direction, both EU and US got scared shitless and bombed the country into stone age.

    Is this what passes for intelligent commentary these days?

    1) Libya was not bombed into the stone age. The Ghaddafi regime lost some tanks, artillery, choppers and a few buildings were hit in the process as well.
    2) Libya was free to sell its oil to whomever it wanted before the Ghaddafi regime change, and it is so now.

    Man, and you people vote. Scary.

    --
    Those who can, do. Those who can't, sue.
  7. Re:And why shouldnt iran have nuclear weapons ? by mjr167 · · Score: 5, Insightful

    For the same reason that we occasionally take drivers licenses or weapons permits away from people that have demonstrated an inability to use their fun toys in a responsible manner conducive to the safety of others. Do you have a problem with your neighbor having a small arsenal when he behaves like a responsible citizen? No. However, when he starts brandishing the weapons around and threatening your family you call the cops and have him dealt with.

    Iran has expressed a repeated and rather vocal interest in destroying the US and Isreal. I happen to live in the US and so have a vested interested in our continued existence. No one gives a crap about countries like France having nukes because no one thinks France is crazy enough to destroy the world. We like to postulate about Russia's nukes, but in the end Russia also does not want to destroy the world because Russia likes living in the world. Iran, conversely, has stated multiple times that self-destruction is an acceptable end game provided they get to take us with them. If I thought Iran would play nice, I wouldn't have a problem with them arming themselves. Once they demonstrate the ability to behave like a responsible nation in the world community, they too can have the big weapons.

  8. Re:Geez, how dumb can you get by Luckyo · · Score: 5, Insightful

    You should stop drinking from the tap of wonderful Western propaganda and read on what's actually happening - because you're regurgitating hilarious amounts of bullshit that has been fed to you. West isn't half happy (and for a reason) about what happened in Sudan. Sudanese had their nice post-independence slaughterfest, these are dime-a-dosen in African countries who's borders were drawn by colonialists and disregarded all cultural and ethnic borders.
    Chinese came with their non-interventionist doctrine. They do it everywhere right now, "we don't care about your politics, as long as you let us be your preferred trading partner you can rape, slaughter and pillage each other all you want".

    You see, China, they don't care what colors will be flown on the flag pole. As long as they keep their stakes in oil industry (which they now own lock, stock and bolt) and remain preferential trading partners, they couldn't care less who slaughters who, and what do butchers and victims choose to call themselves. That's the major ideological difference between China and West, and why China is expanding its influence in Africa so fast while Western influence in there is going down.
    And for the record, West doesn't really care about these slaughters either, until it's their dictator and favored tribe that start getting killed. Chinese on the other hand just deal with everyone, as they do not have the long colonial history and baggage associated with it and don't care about ideology of locals.

    If you seriously believe that splitting Sudan is for "creating your own country with a better future", I have land on the moon to sell you. Reality is, it's going to be another post-colonialist independence dictatorial shit hole split along tribal lines like dozens of other countries that went down that path ended up. There is no culture of democracy in Africa - but there is a long culture of colonialism, slavery and tribal warfare. And once you understand this and stop looking at African countries like you look at Western ones, a lot of things in there make actual sense without needing to listen to talking heads trying to shove bullshit down your throat about "what you should think is happening there".