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US threatens sanctions against India over Iran oil
Times of India ^ | Mar 16, 2012 | Chidanand Rajghatta

Posted on 03/15/2012 9:10:40 PM PDT by Little Pig

WASHINGTON: The Obama administration is threatening to impose sanctions on India over its continued economic ties with Iran amid disagreements between Washington and New Delhi over how much and how soon the latter is reducing oil imports from the (in US eyes) pariah nation.

India has "failed" to reduce its purchase of Iranian oil and if it doesn't do so, President Barack Obama may be "forced" to impose sanction, unnamed administration officials were cited as telling Bloomberg wire service. A decision in this regard could come as early as June 28, they added, implicitly offering New Delhi a ten- week window to show a decline in Iranian oil imports.

Indian officials have contested the US assessment by insisting New Delhi is scaling down Iranian oil imports with more reduction in the pipeline, but that concession has been offset by India's commerce ministry's well-publicized efforts to ramp up trade with Iran in other areas, a move that has not gone unnoticed by the powerful pro-Israeli lobby in US.

The potent American Jewish Committee (AJC), which holds Israeli interests dear to its heart, raged against an Indian business delegation being shepherded to Iran by the Indian commerce ministry, pointing to it as an example of New Delhi's perfidy at a time Israel is India's close military and counter-terrorism partner.

That prompted a strong rebuttal from the Indian embassy in Washington, accusing certain lobbies of presenting a "distorted picture of New Delhi's foreign policy objectives and energy security needs" by selective use of data about its imports from Iran.

But the anti-Iran lobby in US has been galvanized by a report on Wednesday from the International Energy Agency (IEA), showing that India and South Korea "sharply" increased their oil imports from Iran in January.

However, India has informally conveyed to Washington that it has advised its refineries, many of which are geared towards processing Iranian crude, to seek alternate supplies and gradually reduce their dependence on Iran. That process may take some time to kick in since annual crude contracts with Iran are April to March, so the reduction will start to show from next month.

India has enough time to show compliance since the US law relating to sanctions vis-a-vis Iran kicks in only if countries don't make a "significant" cuts in their Iranian crude oil purchases during the first half of this year. The law does not specify by what percentage a nation must reduce its imports to qualify for an exemption from sanctions, so countries like South Korea and Japan have been negotiating with Washington the quantum of cuts they can live with. India is also believed to be in discussion with U.S in this matter.

While the impending Indian compliance has been quietly acknowledged by some Obama administration officials, the hardline pro-Israeli lobby in US is champing at the bit. At a Congressional hearing earlier this month Secretary of State Hillary Clinton told lawmakers that while the US remains concerned about India's links with Iran, she acknowledged that New Delhi is ''heading in the right direction''.

"In fact, I think in a number of instances, the actions of countries and their banks are better than the public statements that we sometimes hear them making," Clinton said in an indication of the Indian assurances.

The Obama administration itself is in a bind over squeezing too hard and tightening oil supplies across the world. While Washington has offered to wean India and other countries from Iranian oil by arranging supplies from Saudi Arabia and Iraq, that could come at its own expense and rising oil prices. Already, gas prices are close to $ 4 a gallon at US pumps, and it is a well-acknowledged fact that the fortunes of US politicians running for high office is linked to pain (or otherwise) at the pump.


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: anwr; energy; india; iran; keystonexl; oil; opec; sanctions; southasia; thirdworldwar
Dumb dumb dumb. India is a friend. While the US threatens what should be its newest ally in South Asia, it continues to dump money into Pakistan, which is currently negotiating new trade deals with Iran.
1 posted on 03/15/2012 9:10:46 PM PDT by Little Pig
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To: Little Pig
Every good manager knows that he should never issue an order that he can't enforce.

If India drops Iran's oil this will be also expensive. At this point India will have to compare financial harm from obeying the White House to the financial harm from disobeying. Let alone the political damage.

Iran makes and sells oil, a product that is in high demand. The USA makes ... what?

And here is the problem. As soon as a major country tells the USA to mind its own business, the USA loses weight on the political arena. But perhaps that's the goal.

2 posted on 03/15/2012 9:17:56 PM PDT by Greysard
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To: Little Pig

The 0bama Regime is so disasterous it boggles the mind. Hitlery Clinton, you are a real piece of worthless matter.


3 posted on 03/15/2012 9:20:40 PM PDT by unkus (Silence Is Consent)
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To: Little Pig

Sigh

Agreed

This administration has been butt backwards from the start


4 posted on 03/15/2012 9:21:39 PM PDT by Steve Newton (And the Wolves will learn what we have shown before-We love our sheep we dogs of war. Vaughn)
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To: Greysard

Were I in India’s shoes, I might tell the US that if they go through with sanctions, India will make their business climate extremely receptive to businesses currently operating out of the US. That India would set up special incentives for such businesses that move operations to India so their employees receive healthcare (the good hospitals in India’s system are quite good, and very inexpensive), deals on housing, and other perqs. Salaries in India are closing in on the developed world, and go much farther than salaries in the US. Sure it might take a little while to start biting, but with things the way they are in the US right now, I’d bet more than a few companies would pull stakes and move.


5 posted on 03/15/2012 9:23:12 PM PDT by Little Pig (Vi Veri Veniversum Vivus Vici.)
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To: Little Pig
Funny how one of the reasons we were supposed to elect Maobama was because America was so unpopular with the rest of the world. We needed to be liked again.

As it stands now however, this insufferable imbicile/piker has managed to alienate nearly every international ally we had.

6 posted on 03/15/2012 9:25:41 PM PDT by AAABEST (Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
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To: Little Pig; ravager

Indian refineries, especially those owned by private companies, are designed to process Persian crude, which is qualitatively different from Arabian crude. For India to suddenly switch from Persian to Arabian crude, expensive re-fitting of the refineries will have to be performed. Who pays?

The downtime required to re-fit the refineries will cause oil prices will shoot up drastically in a large oil-consumption market such as India’s. It will worsen the steep inflation already troubling the country’s economy.

Lastly, India is not stupid. An anticipated American pull-out from Afghanistan will require India to develop closer relations with Iran and Russia, to ensure that the former Northern Alliance (which took over Afghanistan after the Taliban were deposed) stays in power, instead of what will be an obvious restoration of the Taliban by Pakistan.

In other words, India won’t budge from doing what it sees are for its interests. With America supporting, aiding and enabling suicidal Islamist regimes like those of Saudi Arabia and Pakistan, India won’t have a very difficult choice to make in rejecting American concerns.


7 posted on 03/15/2012 9:26:29 PM PDT by James C. Bennett (An Australian.)
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To: Little Pig

Its not going to happen. This is smoke and mirrors from Obama. There are numerous military contracts worth $8 to 9 billion dollars at stake. Such as equipment including C-130J aircraft, Boeing Business Jets for VVIP transportation, Harpoon Missiles, Sensor Fused Weapons, C-17 Globemaster III and the INS Jalashwa.


8 posted on 03/15/2012 9:34:06 PM PDT by U-238
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To: James C. Bennett

You are correct


9 posted on 03/15/2012 9:38:18 PM PDT by U-238
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To: U-238; Little Pig

INS Jalashwa was formerly the USS Trenton and was bought from the US for $48 million dollars. Its a retired Austin-class Landing Platform Dock. The Indian Navy felt she needed an amphibious ship after the 2004 earthquake.


10 posted on 03/15/2012 9:45:19 PM PDT by U-238
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To: Little Pig

In this situation, it’s important to understand there is no such thing as a single entity that can be described as “India”.

There is a huge petro chemical import/export industry in India, run by tens of thousands of traders, who in turn supply petro chemicals to tens of thousands of factories big andsmall that employee millions upon millions of Indians.

There is no centralized state entity that could ever even attempt to control the recording of the import/export flow of petro products, let alone a politician or bureaucrat in India foolish enough to even consider the preposterous proposal of controlling and restricting the import of petro products.

The Indian bureaucracy knows how to take care of it’s myriad individual self interests and the interests of it’s patrons in private industry and labor unions.

Those idiots in the United States have no relevance to the import/export market in India.

This is in vast contrast to true client states of the US, such as S.Korea and Japan.


11 posted on 03/15/2012 9:48:00 PM PDT by JerseyHighlander
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To: Little Pig

Not dumb. Intentionally stabbing an ally in the back is traitorous...


12 posted on 03/15/2012 9:57:10 PM PDT by piytar (Rebellion is here! Free Republic is on the front line! NEVER SURRENDER!)
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To: Little Pig

Since Obama, all of our friends is foes and all of our foes is friends.


13 posted on 03/15/2012 9:59:36 PM PDT by Dogbert41 ("...or by Jerusalem, for it is the city of the Great King. " -Jesus)
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To: Little Pig

Oh and to add: too bad the dolt who wrote this felt obligated to go on an anti-Israel screed. Moron clearly doesn’t know squat about how obastard feels about and treats Israel...


14 posted on 03/15/2012 9:59:47 PM PDT by piytar (Rebellion is here! Free Republic is on the front line! NEVER SURRENDER!)
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To: Little Pig

Right.

Admiral Roughead made them part of our thousand ship navy so we can’t embargo them or they’ll take our naval strength away.

That’s how he has justified reducing our fleet to incompetence.

In Admiral Roughead’s agenda, we have to be nice to India and Japan as India will provide ships for our Navy, since we won’t do that ourselves, and Japan will be the Merchant Marine, since we don’t want one of our own.

This policy is a direct result of the falsely named ‘free trade’ agenda which was designed to destroy American sovereignty and give trashnational corporations control of our government.

Look it up— Roughead and thousand ship navy. He first started spouting this treason in the mid 2000’s.


15 posted on 03/15/2012 10:11:48 PM PDT by hedgetrimmer
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To: Little Pig

And we’re selling them something like 600 tons of wheat.


16 posted on 03/15/2012 10:21:57 PM PDT by Attention Surplus Disorder (The only economic certainty: When it all blows up, Krugman will say we didn't spend enough.)
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To: piytar

My guess is the antipathy towards Israel is a result of the tension between India and Israel right now. India and Israel are ostensibly working together on a number of things, including military hardware contracts. The author also likely thinks that there are US-based Jewish lobby groups that tend to be single-issue.


17 posted on 03/15/2012 10:32:34 PM PDT by Little Pig (Vi Veri Veniversum Vivus Vici.)
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To: Little Pig

Hey Mo Fo Obama......You dummy head.....You communist thug who loves China....Hey you islamic terrorist that loves Pakistan......Don’t bully India.

India is no longer a “3rd world” dependent......You see.....it is a Democracy.....It is a Free country.....It is thriving with innovation based on free people....

Don’t F with it.....You dummy head.....Don’t be a dummy head.


18 posted on 03/15/2012 11:00:34 PM PDT by indianrightwinger
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To: Greysard

India is not a export dependent economy to western countries. Even a recession in US will have the least effect on India vis-a-vis south-eastern countries such as China, Japan etc.

There is no strategic or regional gain to India by severing ties with Iran. India also needs all the oil it can import. Iran is not sending or supporting terror in India. All terror incidents in India have been traced to origins in Pakistan.


19 posted on 03/15/2012 11:01:08 PM PDT by entropy12 (Republicans do not hate, that is a monopoly of democrats.)
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To: Little Pig

obama is supporting Pakistan because it is Muslim and antagonizing India becuase it is not Muslim.

The foolish American electorate allowed a Muslim traitor to assume the office of President of the U.S.


20 posted on 03/15/2012 11:04:43 PM PDT by hoosierham (Freedom isn't free)
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To: Little Pig

There goes our “tech” support.


21 posted on 03/15/2012 11:06:18 PM PDT by BulletBobCo
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To: hoosierham

The dummy head Obama may or may not be a muslim......but, he always favored Pakistan/Indonesia (islamic countries) from his childhood. He should not F with India because NOTHING good will come out of it for the USA or India. Only good things will be for the enemies of both countries.

Then again.....the mofo in the White House may just be desiring that bad outcome for USA and India.


22 posted on 03/15/2012 11:12:08 PM PDT by indianrightwinger
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To: entropy12

This is pure diversion tactic........The failure of this dummy head to contain Iran is now India’s fault. Let us see......this dummy head shuts down Oil production in the US......this dummy head allows Canada and Brazil to sell oil to China.....this dummy head leaves no choice for India but to rely on Iran’s oil and gas.....then, he blames India for his failure to contain Iran???? WTF is going on in this world?

Both USA and India are in danger because of this dummy head.....The two countries have MOST in common in the LONG TERM (10, 20, 30 and 50 years).....!


23 posted on 03/15/2012 11:16:24 PM PDT by indianrightwinger
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To: entropy12

Maybe terrorist attacks against explicitly Indian targets have all come from Pak, but recall that just recently, Iranian terrorists bombed a vehicle attached to the Israeli embassy on the streets of Delhi.


24 posted on 03/16/2012 1:15:14 AM PDT by Little Pig (Vi Veri Veniversum Vivus Vici.)
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To: Little Pig

Attack our enemy obama. You can’t help yourself.


25 posted on 03/16/2012 3:41:37 AM PDT by allmost
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To: Little Pig
It will be interesting to see how this changes going forward in 2012.


26 posted on 03/16/2012 5:18:16 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

This psychopath in a second term will be the end of us


27 posted on 03/16/2012 5:23:43 AM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: indianrightwinger

obama is NOT a dummy,stupid,ignorant, or any of the other similar labels;he is fully aware of the damage he is doing to the U.S. and Western civilization.Every blow is deliberate and calculated,from ordering Christian symbols be covered at Georgetown University before his speech there to the abortion mandate being imposed on Catholic and other hospitals to undermining stable regimes in North Africa to bowing before Muslim potemtates to hiding his own past to whatever today’s outrage may be.obama is smart and evil.Underestimating one’s opponent is seldom a winning stategy.


28 posted on 03/16/2012 5:59:36 AM PDT by hoosierham (Freedom isn't free)
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To: Little Pig
I highly doubt India will pay heed. US had place India under sanctions several times in the past and that didn't get anywhere. This will only sour up the relationship. Expect India to get cozier with Russia.
29 posted on 03/16/2012 8:30:42 AM PDT by ravager
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To: Little Pig

India should tell Obama to Pound Sand.

Gee, isn’t it great that the world loves us again now that the evil Boooosh is out of the White House?


30 posted on 03/16/2012 8:32:19 AM PDT by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: Little Pig
This is really a knee jerk reaction. Frankly US has no clear idea how to deal with Iran. US politicians (democrats and republican alike) have been habituated in thinking economic sanctions will work in every case on every country. Fact they don't understand is this sanction will hurt US just as much. Sanctions in this case will only mean US shutting itself out of business with India. It does not mean India will not expand business with other countries to make up for that loss. And other countries will definitely cash in on the opportunity to expand business with a rising economy.
31 posted on 03/16/2012 9:06:22 AM PDT by ravager
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To: Little Pig

You are correct on that one, but note that the attack was not against Indians. Similar attacks against Israeli agents were carried out in several countries.


32 posted on 03/16/2012 4:04:23 PM PDT by entropy12 (Republicans do not hate, that is a monopoly of democrats.)
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To: hoosierham

I hope your post will be read by those who intend to stay home on election day if their choice is not nominated.

Obama is pure evil. Just look at all his past associations. Hannity has been vetting them one by one. Every one of those SOB’s have clearly stated objectives for demise of United States.


33 posted on 03/16/2012 4:12:31 PM PDT by entropy12 (Republicans do not hate, that is a monopoly of democrats.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Little Pig. Yeah, that should work. /not
34 posted on 03/16/2012 5:09:20 PM PDT by SunkenCiv (I come to bury Caesar, not to praise him)
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Obama bows down to Saudi King | American Thinker | April 02, 2009 | Clarice Feldman | Posted on 04/02/2009 8:19:47 AM PDT by rdb3
Obama bows down to Saudi King | American Thinker | April 02, 2009 | Clarice Feldman | Posted on 04/02/2009 8:19:47 AM PDT by rdb3

35 posted on 03/16/2012 5:18:14 PM PDT by SunkenCiv (I come to bury Caesar, not to praise him)
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To: entropy12

While the attack in Delhi wasn’t directed at India, it did happen on Indian soil in the national capital. It also injured several Indians who were passengers in a vehicle traveling next to the one that the bomb was planted on. That Iran would operate on Indian soil to commit attacks is distressing to the security community in Delhi, and no doubt has instigated multiple discreet discussions between Centre and the Iranian embassy.


36 posted on 03/16/2012 9:22:00 PM PDT by Little Pig (Vi Veri Veniversum Vivus Vici.)
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To: entropy12

While the attack in Delhi wasn’t directed at India, it did happen on Indian soil in the national capital. It also injured several Indians who were passengers in a vehicle traveling next to the one that the bomb was planted on. That Iran would operate on Indian soil to commit attacks is distressing to the security community in Delhi, and no doubt has instigated multiple discreet discussions between Centre and the Iranian embassy.


37 posted on 03/16/2012 9:22:23 PM PDT by Little Pig (Vi Veri Veniversum Vivus Vici.)
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To: Little Pig

That attack in Mumbai a couple of years ago was 1000 times more evil, more planned and stronger than anything happened in New Delhi attack on Israeli officials. Pakistan based terrorists had the temerity to plan a bomb attack on the Indian parliament itself a few years earlier.


38 posted on 03/16/2012 9:42:53 PM PDT by entropy12 (Republicans do not hate, that is a monopoly of democrats.)
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To: dfwgator

Come to think of it, G.W. Bush was actually popular in India! The then running bureaucracy in India wanted the reds to win the US election as GW had made some historic foreign policy changes vis-a-vis India..


39 posted on 03/17/2012 11:20:21 PM PDT by coldphoenix
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