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Guest Post: Iran Unfazed By Congressional Threats Of New Energy Sanctions

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Wed, 02/10/2010 - 21:23 | 226007 Dark Helmet
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Uhhh.... won't limiting Iran's access to energy just... uhh... provide a greater incentive to enrich Uranium for nuclear power?


Wed, 02/10/2010 - 23:28 | 226147 jeff montanye
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sanctions worked so well with cuba, iraq and north korea, they just had to extend them to iran as well.  

Thu, 02/11/2010 - 02:34 | 226338 Rick64
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Our sanctions are another countries opportunity.

Wed, 02/10/2010 - 21:26 | 226011 Double down
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It is a pretty smart move in a stupid game. 

Constricting credit is a pretty smart move, there are many IOUs out there. 

Wed, 02/10/2010 - 21:32 | 226016 Going Down
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Informed Comment


Iran is already producing low enriched uranium for reactor fuel. That it has decided to produce a higher grade of it for its medical infrastructure is neither surprising nor a cause for panic. You'll know if Iran decides to build a bomb. It will throw out the inspectors or refuse them access, including to places the US detects a huge electromagnetic signature but which Iran declines to declare as facilities. None of that has happened. Until then, the world should relax.







Wed, 02/10/2010 - 22:51 | 226113 Missing_Link
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I started writing an angry rebuttal until I realized you were being facetious.  Well played, sir!  A bit subtle, but wekk played nonetheless.

Wed, 02/10/2010 - 21:44 | 226034 Anonymous
Anonymous's picture

It's impossible to restrict technology to Iran. They will simply order through a third party as they've been doing all along. The only item they can't seem to get spare parts for are their F-14 Grumman Tomcats. For those aircraft they are manufacturing their own parts and canibalising their 'hangar queen' F-14.

Wed, 02/10/2010 - 21:47 | 226041 buzzsaw99
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We plan to impose tough sanctions against anyone doing business with Iran unless they happen to be:




JP Morgan

Goldman Sachs

fill in connected entity here

Wed, 02/10/2010 - 22:11 | 226068 Eally Ucked
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Western countries  should give them as much credit as possible (the only problem where the money would come from), I would give them a lot of credit with teaser rates, maybe even zero, for 2 years, and then reset. It did the trick on us, should finish them also!

Wed, 02/10/2010 - 22:12 | 226070 buzzsaw99
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We should build and finance them an over-priced crap-shack in the desert. lolololol

Wed, 02/10/2010 - 22:31 | 226090 ShankyS
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+100 LOL let them catch our financial STD (or FTD).

Wed, 02/10/2010 - 22:20 | 226082 moneymutt
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so true...

Wed, 02/10/2010 - 22:05 | 226064 Anonymous
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Where were these guys before, or did the demand for oil suddenly spike in February of 2010?

Wed, 02/10/2010 - 22:19 | 226065 MarketTruth
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Some History For ZHers

Remember that guy in Iraq, he dared to start selling oil in non-USD transactions. How dare someone break the petro-dollar link! Fast forward about a year or so and, well... even though there were no WMDs and the Taliban were not directly connected to Iraq, the USA MIL complex came in to defend the petro-dollar. Still to this very day the USA is wasting money in the region and making many enemies.

Ok Peabody, let us set the Wayback machine forward a few years. Iran opens up their oil bourse and begins to sell oil in the Euro and other non-USD currencies. Fast forward a bit more and here we are today ZH'ers.

The USA has tried various ways to 'trick' Iran by provoking them in many ways. Remember the FAKE MIL boat interaction with an Iran guard ship? (as one of many examples)

So far Iran has not fallen for these blantant attacks and has, frankly, played an excellent hand. Make no mistake, a  not a fanboy of Iran, just that it is interesting how the game between the USA/Iran is being played out.

Just some food for thought...

Things that make you go hmmm...

Then we have the whole NPT thing because Iran wants to have nuclear power... USA signed this treaty as has Russia, China, Japan and Iran... yet strangely Israel has many nuclear weapons yet is not part of the NPT. Why is a 'rogue' non-NPT nation like Israel allowed to have nukes yet never be confined and disciplined like other countries? Especially after the Goldstone report? 

Wed, 02/10/2010 - 22:23 | 226083 moneymutt
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doesn't forex work 24/7 - what does it matter if transaction is in one currency or another, cant' USD, Euros whatever be instantly flipped to some other currency... doesn't it just matter which currency gets more or less support in trading?

Wed, 02/10/2010 - 22:29 | 226089 Eally Ucked
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As long as all trade is USD, USA can print as much as they want and pay for purchases. If trade is in different currencies USA may have to buy those currencies and not everybody would accept it. The more trade is done in other currencies the more difficult situation gets for US.

Wed, 02/10/2010 - 22:32 | 226092 Hephasteus
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The swap spread. If you say 1.38 euros is worth 1 dollar then when you go to exchange them they don't exchange them straight up. They take a cut called the swap spread. The entire freaking us economy has been floating off being the most in demand currency and funds itself in huge ways off the swap spread. They have developed tons of fantastic ways to manipulate the swap spread in case you haven't been paying attention to how the stock market works. They've probalby been using it in gold and forex market for YEARS before they finally adopted it to equities.

Thu, 02/11/2010 - 00:31 | 226232 MrPalladium
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It matters.

If Iran sells oil in Euros and purchases what it needs with Euros, that decreases demand for dollars at the margin and forces everyone who buys oil from Iran to acquire Euros, increasing demand for that currency.

Is it a problem worth fighting a war about? Not in my book, but then perhaps the PTB have reasons to fear dollar flight that I do not know about.

Wed, 02/10/2010 - 23:36 | 226156 Going Down
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"yet strangely Israel has many nuclear weapons"


US Secretary of Defense Robert Gates spoke as though Iran's announcement that it was going to try to make its own medical isotopes with low enriched uranium was tantamount to a weapons program. Gates said that if Iran did seem to be close to getting a nuclear warhead, it would provoke a nuclear arms race in the region. But it seems obvious that it is Israel's stockpile of some 200 nuclear weapons that is driving the already-existing nuclear arms race in the region.





Wed, 02/10/2010 - 22:10 | 226067 Carl Marks
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I think we should take Iraq and Iran and combine them into one country and call it Irate. All the pissed off people live in one place and get it over with.
Denis Leary

Wed, 02/10/2010 - 22:13 | 226072 Carl Marks
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If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win.
Thomas Sowell

Wed, 02/10/2010 - 22:37 | 226096 John McCloy
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"We are going to write you a letter and tell you were are very very very mad with you"

The U.N. is a complete farce. I expect the next 10 years of Iran/Korea and U.S. interactions to proceed more in line with this clip from a favorite film of mine now more than ever. Warning it contains language for all those 10 years old who love to troll financial websites on one of the largest snow days of the year.


Wed, 02/10/2010 - 22:42 | 226102 daytradee (not verified)
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I really don't understand what the big deal is: http://my-market.8m.net/main.html


Iran is never fased

Wed, 02/10/2010 - 22:53 | 226115 Missing_Link
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^^ More Cetin spam; flag as junk please

Wed, 02/10/2010 - 22:57 | 226119 Anonymous
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For a minute there I thought I was heading to a real link, but then again, redirected to your lame website iamned. Please stop hiding in your gay closet and finally come out of the, well, the closet.


Wed, 02/10/2010 - 23:02 | 226122 putbuyer
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Thu, 02/11/2010 - 03:28 | 226369 Anonymous
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You know I used to like that site, but now that you've been spamming ZH for several days now, I'll never go back

Thu, 02/11/2010 - 04:54 | 226397 boiow
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c'mon man, all you're doing is discrediting the very thing you wish to promote.

who do you think you are, ben bernanke.

also, just in case their's a limit to these 'junk' thingies i would prefer to use them on master bates and leo. thanks. (ive got my loyalties)

Wed, 02/10/2010 - 23:03 | 226123 Anonymous
Anonymous's picture

"The worst thing about sanctions is that they are written by congress."

-Me, 2010.

This shit is backasswards. This decreases our hegemony in the region. This locks Western Energy companies out of a large growing oil/gas market. Tonight, Iran is off creating unilateral relations with countries and corporations who often work against U.S. interest.

Iran leaders are confident they can make deals with eastern oil producers, and they are right.

Which non-western world power of the world is gonna stand up?

I take it this is now one less country who doesn't need the USD.

Here's your captcha:
Math question: *
Oil prices minus Iran equals?

Wed, 02/10/2010 - 23:05 | 226128 lsbumblebee
lsbumblebee's picture

And on and on and on and on it goes. Did we learn anything from Iraq? Now introducing the latest and greatest boogeyman...Iran. Under the terms of the Nuclear Non-Proliferation Treaty, Iran has a right to use nuclear technology for peaceful purposes. This includes power stations and medical isotopes. Enrichment to 20% is consistent with medical usage. Therefore, Iran's actions are legal under the terms of the Nuclear Non-Proliferation Treaty which Iran has signed right alongside the United States. By the way, Israel has refused to sign the Non-Proliferation Treaty, yet has hundreds of nuclear weapons. However, the U.S. corporate controlled media has brainwashed Americans into believing that Israel, like America, is a peaceful and innocent nation, constantly being attacked by barbaric savages "jealous of our freedoms". http://whatreallyhappened.com/WRHARTICLES/IranvIsrael.php

Wed, 02/10/2010 - 23:20 | 226142 colonial
colonial's picture

Does any reader think Isreal will listen to any of this?  I do not.  Tomorrow will be another bloody day in Iran

Thu, 02/11/2010 - 00:05 | 226197 jeff montanye
jeff montanye's picture

israel is certainly the tail that wags the u.s. dog for now, but its birthrate is low, most jews that want to emigrate have done so and it is occupying land that will soon include more arabs than jews.  like the big empire of the u.s.a., israel's little empire is costing a growing fraction of a declining economy, reducing the strength and credibility of its military, increasing the number and resolve of its enemies, breaking the morale of its people and turning it into an international pariah and its leaders past and present into indictable war criminals.  the internet is also bearish for israel as it makes the taboos of the u.s. and reactionary arab msm far less effective. 

Thu, 02/11/2010 - 00:12 | 226209 Actionpoint (not verified)
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hat tip to: http://www.iamned.com

Thu, 02/11/2010 - 00:38 | 226241 Celsius
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Cetin please stop the spam. We kicked you from SeekingAlpha for being a dick with your constant spam. Just move along, and try something else with your time. Like finding a job.....

Thu, 02/11/2010 - 05:57 | 226407 Anonymous
Anonymous's picture

I dont think israel will have any effect of that


Thu, 02/11/2010 - 06:38 | 226414 dan22
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European, Russian and Chinese oil companies including Shell, Lukoil, CNPC and BP are having a field day winning auctions to develop big Iraqi oil fields. Shell and Petronas have obtained the right to develop Majnoon with 7 billion barrels of reserves, Lukoil and Statoil the West Qurna 2 field which in total holds 9.75 billion barrels, and Total and Petronas the Halfaya field with 0.5 billion barrels. The only US company that secured a deal is ExxonMobil over the development of West Qurna .
Quite a disappointment given the amount of money the US has invested in Iraq through the Iraqi war?
Maybe not!!
Different sources claim that their was a deal made between China, Russia, and the United States. China and Russia have been selling weapons to different terrorist groups in Iraq AND NOW THEY HAVE AN INTEREST THAT PLACE WILL BE SAFE AND MAY AGREE TO SANCTIONS ON IRAN


Thu, 02/11/2010 - 07:32 | 226425 Anonymous
Anonymous's picture

Now if Iran would start selling oil in RMB/CNY only, there would be lots&lots of fun.

Thu, 02/11/2010 - 08:03 | 226439 Anonymous
Anonymous's picture

New peak oil report...we need Iran more than they need us:


Thu, 02/11/2010 - 09:16 | 226488 blindfaith
blindfaith's picture

who the heck is Cetin???

So let the Russians, the French and especially the Chinese kiss the ass of Iran...it's all business you know (hating the USA is just a reason to crowd together and be friends).  But one day, these two timing nations will realize that they have played a game with a lionfish (look it up).  All these "friends" of Iran, forget that they have murdered, tortured, maimed, persecuted hundred of thousands of Islamic members inside their borders but Islam and Iran has not forgotten.   THAT will be the seeds of their destruction.  China thinks it is soooo cleaver now, but Islam has a memory and suicide bombers, and lips sealed tighter than any Chinaman (or American for that matter).  China doesn't get it, just like we didn't.  Russia and the French are just stupid and prefer money over nation. Play with fire, you get burnt.

Thu, 02/11/2010 - 09:18 | 226490 Youri Carma
Thu, 02/11/2010 - 09:30 | 226497 blindfaith
blindfaith's picture

damage done...few will read the corrected srory and those that do will not believe it.

Sat, 03/06/2010 - 02:36 | 255912 Anonymous
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Sat, 03/06/2010 - 08:14 | 255976 Anonymous
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Mon, 04/19/2010 - 10:24 | 307860 Tom123456
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