The Iranian oil embargo blowback

[captain morgan]

Do we have ethical copper and aluminum yet?

I'm certain that the usual suspects will be railing at the world's gold, aluminum and copper suppliers in identifying their ethical dilemma.

Hey, maybe MF will go on a rampage deriding the agri community for supplying wheat and food products to those nations with terrible human rights records.

A clear case of questionable ethics if I ever saw one.

 

[MHz]

I heard on the radio this morning that China is making a run for being the biggest consumer/buyer of gold having bought approx 500 metric tonnes recently, they may topple India on the purchase/consumption side.

That said, Iran may be forced to expend whatever gold that they have to keep their econ engine running.

What good did the gold do Libya when she kept it in the banks before being 'liberated'. When Germany announced 'their contribution' it was stressed by the speaker several times that it was only 2% of their income and that is probably saved by the higher unemployment they now have and consumption may decrease more than just that amount should the EU and the West contribute to manufacturing decrease even further, total consumption will also decrease. (at least for for some, the elite will just have to slink around more than usual)
Italy is being set us as the 'guardian of Western Interests' in Libra, luck for the EU they just happen to have ports and oil and some new pumps and a great introductory offer for the 'ask no questions', 'do what you're told' crowds. Iran upping contracts with 'the opposition' is just the tit for tat the the security council members have amongst themselves. In typical Treaty Talk the only security they are truly interested in is their own so the opinions of the vast majority of Nations is a list of who the 5 rule over.
The 5 are, in turn, ruled over by the ones that control the money supply.

Should Canada ever want to 'separate' from NATO we might be forced to do the same as Scotland and our Whiskey will become too valuable to drink. A new brand could be marketed under the NewBay's Liquor Emporium located on the shores of the former Hudson's Bay. The Bay's ice is the purification part and the hops (via American Moonshiner reality series) come from Manitoba and west of there. Given the conditions at sea it might be better to ship via submersible bladders that could be 'linked' together with a steering part at the front and a propeller part ar the back powered by the same as a carrier has.

(as a side note why not gift those 8 reactors in the Enterprise to Iran as each could be planted by a major city to supply it's power needs and the 'by products' could be easily tracked as verification nothing funny is going on. For all the hype of why Iran cannot have N-Power the ones complaining are not suggesting any solutions that see Iran have electricity in the same range or capacity as she would with the two plants she has permission to run at full bore if needed. The benefits is all that is being targeted and that means the sanctions are intended to stop the education of the least in their country.

Jimmy Carter 'hired' the 'freedom fighters' in the war with the USSR in Afghanistan 6 months before the invasion created the 'war', to do the same in Iran would not be unheard of as they like to use the same ploys that were used successfully in the past. The loser ended up downsizing within about 10 years of leaving the area (unconquered) Course the US may be paying the Taliban to keep fighting so the war never ends.

 

[Machjo]

The Iranian oil embargo blowback
By Pepe Escobar

If the sorry parade of European poodles - or what analyst Chris Floyd delightfully dubbed Europuppies - had any understanding of Persian culture, they would have known that blowback for their declaration of economic war in the form of an Iranian oil embargo would be nothing short of heavy metal.

Better yet; death metal. The Majlis (Iranian parliament) will discuss this Sunday, in an open section, whether to cancel right away all oil exports to any European country that approved the embargo - according to Emad Hosseini, the rapporteur of the Majlis Energy Committee. And that comes with the requisite apocalyptic warning, relayed via the Fars news agency, courtesy of member of Parliament Nasser Soudani: "Europe will burn in the fire of Iran's oil wells."

Soudani expresses the views of the whole Tehran establishment when he says that "the structure of their [Europe's] refineries is compatible with Iran's oil", and so Europeans have no alternative as replacement; the embargo "will cause an increase in oil prices, and the Europeans will be compelled to buy oil at higher prices"; that is, Europe "will be compelled to buy Iran's oil indirectly and through intermediaries".

Asia Times Online :: The Iranian oil embargo blowback

This could have wide ramifications.

Yes Europe will hurt from this via higher oil prices, but so will Iran via lower oil prices since the countries it still sells to no longer have to try to outbid the Europeans. Instead they'll buy cheap from Iran and sell high to Europe.

The middle-man wins.

Regular Iranians support their government against the invader. You should feel sorry for the Europeans whose idiot zionist puppet governments are bent on WW3 and economic ruin, not necessarily in that order. You seem to think the west has something to offer Persia besides nuclear war.

"Europe will burn in the fire of Iran's oil wells." I like that Persian poetry.

Er, before you glorify Iran, remember that they also persecute and kill members of certain religious minorities.

Europe was not wrong in declaring an embargo; they were wrong in declaring an embargo in the absence of an international resolution committing all nations to the embargo. This is what happens when you have partial embargos.

 

[MHz]

Er, before you glorify Iran, remember that they also persecute and kill members of certain religious minorities.

Then why would there be any 'religious minorities left at all?
Are they kept around just so they can be kicked around by their 'controllers'?
Granted they may be watched closer for signs of 'subversive acts' that are on the 'legal books' as being punishable by death. In one instance in the OT the ones who had the furnace incident happen were killed themselves along with their entire family. For the time and place back-stabbing and poison were methods of 'fighting' that were done. Today things should be different and what changes there are maybe just for show.
We watch them much closer and we have an historical resentment towards Iran in particular but any Nation can be targeted via the same deceptions especially if there is 50 or so years between events.

So how does Iran's embargo of shipping to the EU play into this, can they keep their on should the EU drop theirs? (somebody in Iran suggested a 5 year embargo and then a renewal if that is the will of the people. If they are making better deals and no threats of being exterminated from their 'new friends' then why not a 50 year one as that is getting close to how long the US has been 'after the lost prize, Iran'

Perhaps that embargo from their side just puts other 'contracts' for goods and services to come from their 'preferred list' when it comes to spending thier gold which increases in value just via the West and the bailouts that are far from over, making gold worth more. Perhaps China and Russia should make nice after all these centuries and build a pipeline on top of the Great Wall.

If energy is critical Israel should have an embargo because they will not develop the technology that would use the Dead Sea water as the electrolyte in a salt-water battery. Perhaps if they built one and piped it to Iran for free that Iran would shut down it's N-plants and leave then in storage until the distrust was gone and the things the power was for was all in place and running. Iran could restart their plants and Israel could sell the power to Egypt and North Africa and to the EU if that is still where the Rothschild family still lives. One huge 'retirement village' would best describe the EU, the vibrant parts of the planet will be in the places that still talk to the ones they meet with almost daily.

 

[L Gilbert]

Do we have ethical copper and aluminum yet?

Yup. They're ethical if they are metals that have been recycled.

 

[petros]

Yup. They're ethical if they are metals that have been recycled.

Copper "recyclers".

 

[L Gilbert]

Copper "recyclers".

Survival is ethical. Theft isn't. Recycling metals is ethical.

 

[darkbeaver]

Yes Europe will hurt from this via higher oil prices, but so will Iran via lower oil prices since the countries it still sells to no longer have to try to outbid the Europeans. Instead they'll buy cheap from Iran and sell high to Europe.
The middle-man wins.
Er, before you glorify Iran, remember that they also persecute and kill members of certain religious minorities.
.

Oh Iran persecutes some religion. So what, that's small change compared to the persecution inflicted by the west on the rest of the world. Iran also tolerates certain other religious minorities what's wrong with the minority you have in mind. Or is it just another demon in the closet story from the western news inventors?

 

[earth_as_one]

...Er, before you glorify Iran, remember that they also persecute and kill members of certain religious minorities.

Europe was not wrong in declaring an embargo; they were wrong in declaring an embargo in the absence of an international resolution committing all nations to the embargo. This is what happens when you have partial embargos.

I know about persecution of religious minorities, but I didn't know Iran "kills" members of certain religious groups. Can you back your statement up with a reference?

According to this report, Iran executes people on a regular basis... but religion doesn't seem to be a factor:

On January 16, 2011, The International Campaign on Human Rights in Iran reported that Iran had hanged at least 47 prisoners, "or an average of about one person every eight hours," since the beginning of 2011, most on charges of alleged drug possession and trafficking. ...
Iran: Deepening Crisis on Rights | Human Rights Watch

They also execute members of "terrorist" and separatist organizations.

BTW, despite attempts by the MSM and western political leader's attempts to portray Iran as isolated, the majority of nations representing the majority of people of the world support Iran's right to peaceful nuclear technology:

[PRAGUE, September 17, 2006 (RFE/RL) -- A summit of the Non-Aligned Movement (NAM) has ended in the Cuban capital, Havana, with Iran winning solid support in its nuclear row with the West... ... the 92-page final declaration adopted unanimously by leaders from 118 states supports Iran's right to develop nuclear energy for peaceful purposes.
Iran Wins Backing From Non-Aligned Bloc

NAM approves statement in support of Iran’s nuclear program
10 September 2011

The Non-Aligned Movement member states approved a statement in support of the Islamic Republic of Iran’s peaceful nuclear program on Friday.

The statement will be read out at the next meeting of the Board of Governors of the International Atomic Energy Agency by Egypt’s envoy to the IAEA, Ihab Fawzi, Press TV reported.

In its statement, NAM hailed Iran’s invitation to IAEA Deputy Director General and Head of the Department of Safeguards Herman Nackaerts to visit the country’s nuclear facilities as a confidence-building measure.

Nackaerts visited Iran’s Bushehr nuclear power plant, the enrichment facilities in Natanz and Fordo, the nuclear fuel rods production factory in Isfahan, as well as the heavy water reactor in Arak.
http://www.tehrantimes.com/politics/2426-nam-approves-statement-in-support-of-irans-nuclear-program

India, the world's fourth-largest oil consumer, said it would not take steps to cut petroleum imports from Iran despite U.S. and European sanctions against Tehran.

 

[Just the Facts]

I know about persecution of religious minorities, but I didn't know Iran "kills" members of certain religious groups. Can you back your statement up with a reference?

According to this report, Iran executes people on a regular basis... but religion doesn't seem to be a factor:

Well, here's one anyway:

A trial court in Iran has issued its final verdict, ordering a Christian pastor to be put to death for leaving Islam and converting to Christianity, according to sources close to the pastor and his legal team.
Supporters fear Youcef Nadarkhani, a 34-year-old father of two who was arrested over two years ago on charges of apostasy, may now be executed at any time without prior warning, as death sentences in Iran may be carried out immediately or dragged out for years.

It is unclear whether Nadarkhani can appeal the execution order.

The world needs to stand up and say that a man cannot be put to death because of his faith, said Jordan Sekulow, executive director of The American Center for Law and Justice (ACLJ). This one case is not just about one execution. We have been able to expose the system instead of just letting one man disappear, like so many other Christians have in the past.


Answering Muslims: Pastor Youcef Nadarkhani Sentenced to Death for Apostasy in Iran