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Sanction on Iran

16kadams
Posts: 10,497
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1/25/2012 10:02:37 PM
Posted: 4 years ago
At 1/25/2012 9:29:20 PM, wierdman wrote:
Will the new sanctions on Iran be successful?

Lol repeat. Temporarily as their main economic source will end, especially because it's major customers have them the finger. So more sanctions would be ideal, and transgressions will elevate to war so...were all screwed. So temporarily yes, long term lets see how this plays out.
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"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
16kadams
Posts: 10,497
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1/25/2012 10:10:00 PM
Posted: 4 years ago
So... Well... Scratch that it just delays the inevitable
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"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
mongoose
Posts: 3,500
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1/25/2012 10:10:40 PM
Posted: 4 years ago
"When goods do not cross borders, soldiers will."
-Frederic Bastiat
http://www.brainyquote.com...
It is odd when one's capacity for compassion is measured not in what he is willing to do by his own time, effort, and property, but what he will force others to do with their own property instead.
RoyLatham
Posts: 4,488
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1/26/2012 2:29:49 AM
Posted: 4 years ago
Past sanctions did not work in part because they were designed to have ways of circumventing them. The Europeans get the bulk of Iranian oil, and the U.S. did not want to suffer European ire by imposing effective sanctions. The US could have forbidden U.S. transactions with any bank that handles money from Iran. The Europeans would then have to choose between US commerce and Iranian commerce.

The political climate in Europe seems to be changing, so that sealing off Iran is rising as better than letting them get nukes. As a dictatorship, Iran has no problem making its people suffer, so sanctions won't work directly. The avenue is through a popular uprising in Iran that overthrows the regime.

The Obama Administration decision to suppress US oil production clearly has the long term consequence of fostering dependence on Middle Eastern oil. The U.S. could easily produce enough extra oil to offset Iranian production, if it were allowed.
darkkermit
Posts: 11,204
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1/26/2012 2:47:00 AM
Posted: 4 years ago
At 1/26/2012 2:29:49 AM, RoyLatham wrote:

The Obama Administration decision to suppress US oil production clearly has the long term consequence of fostering dependence on Middle Eastern oil. The U.S. could easily produce enough extra oil to offset Iranian production, if it were allowed.

The US produces 40% of its oil domestically:
http://www.npr.org...

And only 22% of oil imports and 13% total oil comes from the Middle east:
http://preview.tinyurl.com...
Open borders debate:
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RoyLatham
Posts: 4,488
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1/26/2012 3:20:44 AM
Posted: 4 years ago
At 1/26/2012 2:47:00 AM, darkkermit wrote:

The US produces 40% of its oil domestically:
http://www.npr.org...

And only 22% of oil imports and 13% total oil comes from the Middle east:
http://preview.tinyurl.com...

The US gets no oil from Iran. The point is that if the US had spare production capacity to put on the world market, we could offer to offset the effects of the Europeans not getting Iranian oil. The Saudis used to have lots of spare capacity, but that's now in question.

The US could be completely self-sufficient if our government did not prohibit it.