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To: Eleutheria5
Tuesday, Iran struck back at Western sanctions against it, saying that if the sanctions continued it would stop producing oil altogether.

Lunatics. It will spike the price of oil dramatically up and everyone else will make the money except them.

Since they are completely dependent on oil exports, they will probably collapse their own government, which is a good thing.

They are also completely dependent on gasoline imports, which is another way to collapse the country. Cutting off their oil exports and gasoline imports together at the same time while keeping Hormuz open to everyone else would hit them like a nuclear weapon.

3 posted on 10/23/2012 3:36:25 PM PDT by marron
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To: marron

Iran refines most of its own fuel. The rest is provided by Asian countries that don’t participate in sanctions.


6 posted on 10/23/2012 3:42:07 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: marron
How many people are there in Iran? How many of those are mullahs? I bet there are more non-mullahs.....

"When you were young, did you question all the answers?
Did you envy all the dancers who had all the nerve?
Look around you now, you must go for what you wanted.
Look at all my friends who did and got what they deserved."

CSN

7 posted on 10/23/2012 3:45:04 PM PDT by stboz
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