Posted on 09/22/2009 8:43:46 PM PDT by nuconvert
Chinese state companies this month began supplying petrol to Iran and now provide up to a third of its imports in a development that threatens to undermine US-led efforts to shut off the supply of fuel on which its economy depends.
The sales come in spite of moves over the past year by international companies, including BP and Reliance of India, to stop selling petrol to Iran, and highlight the difficulties of implementing sanctions aimed at curbing Iran's nuclear ambitions.
Traders and bankers familiar with Iran's purchasing said the gap left by the withdrawal of such long-standing suppliers had been filled by Chinese petrol this month.
While Iran is one of the world's biggest oil producers its refineries are dilapidated and it suffers from run-away petrol demand because of generous sub-sidies.
(Excerpt) Read more at ft.com ...
The axis of evil - Iran, Iraq, North Korea - and China.
It’s so pathetic. China owns us and they really don’t care what we want them to do. They will do as they please and we will do as they please.
An embargo and blockade of ALL petroleum products...from outgoing crude to incoming refined products would completely shut the country down in 6 months.
And, it could be done with very very few US casualties.
No nation would challenge an announced intention by the US Navy to sink, or otherwise destroy, any and all shipments.
Oh yeah, except for that Obama thing...
All that oil and they can’t use any of it.
All that oil and it is for exports.
Just to make things a little more fun, The United States should help South Korea and Japan acquire nuclear weapons.
Yo chi-coms, how do ya like that idea?
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