Thursday, August 11, 2005

It may be the right time

... to consider slapping serious oil sanctions on Iran. It seems counter intuitive, given the shaky state of the oil market and the high prices. There are several important reasons for this.

  • Iran would not expect it, since they are threatening to limit oil exports if the UN put nuclear sanctions on them. This would further weaken the control of the mullahs.
  • Sanctions would cut off a large source of income, right when it's producing large returns. They have been using this income to finance the terror and weapons used against our troops.
  • Increased output and pricing will increase the rebuilding profits for Iraq, and increase the financial pressure to accelerate the Iraqi oil production efficiency.

Iraq's Oil Exports Rise in July


Fitch said...

I've just never believed in the effectivness of sanctions. Just look at what a great job sanctions have done for toppling the Castro regime. I gotta disagree with you on that point.

Insolublog said...

Castro had a big cold war supplier; emphasis on 'had' (Thanks Ronnie). Besides, he's was a mere gnat on the a$$ of our foreign policy. Cuba had no natural resources, only relevant geography; Hence no real commitment by our state department. Cut off Iran's money first, as a pre-emption to the inevitable.

Dr. Phat Tony said...

I think we should give them our nuclear capabilities via air burst.

Uber said...

It is inevitable. Sanctions will be imposed and the timing isn't going to get any better any time soon, imho.