U.S. Senate Votes to Squeeze Iran by Targeting Its Gasoline Imports, page 1
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reply posted on 31-1-2010 @ 02:26 AM by semperfortis
reply to post by ventian



I never even thought of that angle



They never really need much of a reason to raise the price of oil, this is a good one..

Semper



reply posted on 31-1-2010 @ 04:51 AM by December_Rain
reply to post by semperfortis



Important thing to note here is the sanctions are only targeting imports and not exports. That means sanction against internal use for inside Iran. As there is no source for the article I am assuming there are no sanctions against exports.

This would mean there will be no price changes in U.S. or elsewhere unless Iran itself restricts gasoline exports.

Secondly, Iran may not be 'much' bothered about Gasoline imports since they have started gas pipelines trades. I have covered that in detail in a thread here

or in short

Within the space of three weeks, Turkmenistan has committed its entire gas exports to China, Russia and Iran. It has no urgent need of the pipelines that the United States and the European Union have been advancing. Are we hearing the faint notes of a Russia-China-Iran symphony?

The 182-kilometer Turkmen-Iranian pipeline starts modestly with the pumping of 8 billion cubic meters (bcm) of Turkmen gas. But its annual capacity is 20bcm, and that would meet the energy requirements of Iran's Caspian region and enable Tehran to free its own gas production in the southern fields for export. The mutual interest is perfect: Ashgabat gets an assured market next door; northern Iran can consume without fear of winter shortages; Tehran can generate more surplus for exports; Turkmenistan can seek transportation routes to the world market via Iran; and Iran can aspire to take advantage of its excellent geographical location as a hub for the Turkmen exports.

We are witnessing a new pattern of energy cooperation at the regional level that dispenses with Big Oil. Russia traditionally takes the lead. China and Iran follow the example. Russia, Iran and Turkmenistan hold respectively the world's largest, second-largest and fourth-largest gas reserves. And China will be consumer par excellence in this century. The matter is of profound consequence to the US global strategy.


[edit on 31-1-2010 by December_Rain]
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