Posted on 01/23/2012 3:58:49 AM PST by nuconvert
-excerpt-
Diplomats said the measures, which were adopted in Brussels by the EU's 27 foreign ministers, include an immediate embargo on new contracts for crude oil and petroleum products, while existing contracts will be allowed to run until July.
(Excerpt) Read more at news.yahoo.com ...
“They’ll just sell it to China and Russia.”
China & Russia aren’t going to make up all that Iran loses from the EU. Besides, Russia can sell more to EU countries now - it’s a good deal for them.
Never mind the oil, I’m astounded that the 27 different EU countries could find a policy they all agree on!
Kinda; they will buy the Iranian oil and then sell it to the EU.
Looks like the idiots are going for war number 5 (or 6?).
Not good.
Since the US has become a net exporter of oil and is headed toward increasing those exports, it gives Europe the confidence to support the embargo of oil. Iran can be rendered more or less impotent without the power of oil over Europe, ....that is until they get their own nuclear bomb.
It’s Obama’s goal to delay the increase in US exports.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.