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US bill targets companies selling gasoline to Iran
The Associated Press (hosted on Google) ^ | October 2, 2009

Posted on 10/01/2009 11:24:05 PM PDT by myknowledge

WASHINGTON — The US House of Representatives approved legislation that would sanction foreign companies that sell gasoline to Iran, as talks on the country's nuclear program were underway in Geneva.

The bill would prevent companies that sell gasoline to Iran from holding contracts with the US Energy Department to supply the US Strategic Petroleum Reserve.

The ban, adopted as part of the 2010 energy budget, affects companies that have gasoline contracts with Iran that are worth more than one million dollars.

It also covers companies that provide Iran with the means to improve their own refining capacity or their ability to import refined petroleum products.

The Senate has yet to vote on the measure, which is part of the final energy budget bill hammered out in negotiations between the two chambers of Congress.

Republican Senators Jon Kyl and Susan Collins, authors of the measure, welcomed the House vote Thursday in a statement.

(Excerpt) Read more at google.com ...


TOPICS: Breaking News; Foreign Affairs; News/Current Events
KEYWORDS: iran; oilsanctions
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Starving Iran of much-needed fuel? A viable strategy to cripple Ahmandinenutcase's economy.
1 posted on 10/01/2009 11:24:07 PM PDT by myknowledge
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To: myknowledge

I think its a great idea. But there are articles I have read that they have stocked up on gasoline for a couple of months.I still think that it can do some damage to their economy and socio-political situation


2 posted on 10/01/2009 11:27:05 PM PDT by ErnstStavroBlofeld ("We will either find a way, or make one."Hannibal/Carthaginian Military Commander)
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To: myknowledge

I think it will come down to things like this. To my knowledge, if they press hard on their economy...he won’t have much chose but to bend.


3 posted on 10/01/2009 11:29:00 PM PDT by Rick_Michael (Have no fear "President Government" is here)
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To: myknowledge

I’m sure this won’t have any unintended consequences.


4 posted on 10/02/2009 12:41:04 AM PDT by MichiganConservative (ObamaCare is socialism. It will do nothing but increase premature, unnecessary death.)
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To: myknowledge

this crap never works.

there are always people willing to be third and fourth
parties as go-betweens


5 posted on 10/02/2009 12:49:08 AM PDT by element92
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To: myknowledge

Another counterproductive sanction that will do nothing but create more blowback. Why don’t these people ever learn?


6 posted on 10/02/2009 1:03:02 AM PDT by RAO1125 (Revolution's are for Marxists. We need a Constitutional Restoration)
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To: myknowledge
Here's some old news to dispel the myth. Iran has increased fuel production since then--much of it with China's help (will look for the link regarding China's part in that).

Oil Rich Iran Faces Gas Rationing
By Gary Thomas
Voice of America
Washington
05 June 2007
http://www.voanews.com/english/2007-06-05-voa49.cfm?renderforprint=1&textonly=1&&TEXTMODE=1&CFID=87736357&CFTOKEN=82228918

[Gary Thomas wrote that Iran is importing “about 40 percent” of its oil then. I saw the same figure many months before he wrote that.]

Iran plans to expand gasoline production: oil minister
Regional-Iran, Economics, 5/20/2006
http://www.arabicnews.com/ansub/Daily/Day/060520/2006052001.html

The myth, BTW, is perpetuated by globalist traders who don't want freight fuel prices to go up due to war.


7 posted on 10/02/2009 2:11:26 AM PDT by familyop ("Nice girl, but about as sharp as a sack of wet mice." --Foghorn Leghorn)
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To: myknowledge

smoke & mirrors.

“talks on the country’s nuclear program were underway in Geneva”

pathetic.


8 posted on 10/02/2009 2:14:36 AM PDT by chuck_the_tv_out ( <<< click my name: now featuring Freeper classifieds)
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To: myknowledge
...more old news.

Iran talks with China on strategic oil reserves
Reuters by way of NDTV (India) ^ | 11JUN07 | Luke Pachymuthu

Posted on Mon 11 Jun 2007 10:08:27 PM MDT by familyop

KUALA LUMPUR (Reuters) - Iran is in discussions to store strategic oil in China and to build refineries around Asia, Oil Minister Kazem Vaziri-Hamaneh said on Monday, as it seeks secure outlets for its crude in the face of Western economic sanctions...Vaziri-Hamaneh also vowed closer co-operation with Asia, announcing that Iran was in talks to partner with China, Indonesia, Singapore, Syria and Malaysia to build refineries with a combined production capacity of 1.1 million bpd...Vaziri-Hamaneh said Iran has finalised a deal with India's Essar Group to build a new refinery in Iran, but did not provide details. NIOC has been in talks with Essar to build an estimated $2 billion, 300,000 bpd refinery.


9 posted on 10/02/2009 2:21:08 AM PDT by familyop ("Nice girl, but about as sharp as a sack of wet mice." --Foghorn Leghorn)
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To: RAO1125

Our government would be a total joke if it weren’t so dangerous.


10 posted on 10/02/2009 2:30:25 AM PDT by MichiganConservative (ObamaCare is socialism. It will do nothing but increase premature, unnecessary death.)
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To: myknowledge

Iraq-Iran petrol alliance signed
http://www.freerepublic.com/focus/f-news/1880010/posts


11 posted on 10/02/2009 2:41:41 AM PDT by familyop ("Nice girl, but about as sharp as a sack of wet mice." --Foghorn Leghorn)
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To: MichiganConservative

Our government right now is like a special ed kid with a loaded AK-47.


12 posted on 10/02/2009 2:45:17 AM PDT by RAO1125 (Revolution's are for Marxists. We need a Constitutional Restoration)
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To: myknowledge

So you see that if we want to shut Iran’s nuclear weapons facilities down for a long time, we’ll need some men as leaders again. Iran needs to be invaded, occupied and denazified. This is no time to continue our trend of laziness and cowardliness. We need to start doing real work again (production of useful goods at home—a manufacturing base) and start being courageous.

Contract To Boost Gasoline Production At Bandar Abbas Refinery Signed.
Publication: APS Review Downstream Trends
Date: Nov 27 2006
Subject: Petroleum refineries (Production management)
http://www.allbusiness.com/agriculture-forestry-fishing-hunting/support-activities/4004378-1.html


13 posted on 10/02/2009 2:50:52 AM PDT by familyop ("Nice girl, but about as sharp as a sack of wet mice." --Foghorn Leghorn)
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To: sonofstrangelove

Agreed. Anything that raises the price of gasoline in Iran sounds good to me.

Of course if this is all that Bambo is willing to do, it’s pretty feeble. But it IS positive and I won’t pretend it isn’t.


14 posted on 10/02/2009 3:46:55 AM PDT by agere_contra
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To: myknowledge

A regime hell-bent on hastening the return of a well-dwelling pseudo-god is not terribly concerned about gasoline sanctions. In fact, it’s their belief the world needs as much strife and turmoil as possible to bring about the mahdi’s (small “m” on purpose) return. They probably welcome it.


15 posted on 10/02/2009 4:09:57 AM PDT by edpc (Spay and neuter your liberals)
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To: edpc

A god? I always thought Allah was a moon goddess. I’d like to have the sex right when I ridicule and mock Allah.


16 posted on 10/02/2009 4:41:25 AM PDT by MichiganConservative (ObamaCare is socialism. It will do nothing but increase premature, unnecessary death.)
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To: RAO1125

They are too centered on their agenda.


17 posted on 10/02/2009 4:49:03 AM PDT by myknowledge (F-22 Raptor: World's Largest Distributor of Sukhoi parts!)
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To: myknowledge

Does anybody really believe that thsi stupidity will stop Chavez from supplying Iran with all the gasoline they can buy? This is ridiculous. Unless we’re going to place an embargo on any shipping entering the Persian Gulf...which would be an act of war and therefor completely out of the question given the current administration, any sanctions on Iran will only hurt the mullahs and Imawhackjob if they pull a muscle laughing at us.


18 posted on 10/02/2009 7:40:11 AM PDT by pgkdan ( I miss Ronald Reagan!)
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To: RAO1125

Because some of them really don’t want us to stop Iran.


19 posted on 10/02/2009 7:40:53 AM PDT by pgkdan ( I miss Ronald Reagan!)
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To: myknowledge

It’s 1979 again, isn’t it?


20 posted on 10/02/2009 8:26:24 AM PDT by B Knotts (Calvin Coolidge Republican)
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