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Page added on January 21, 2014
US eases some sanctions on Iran, including oil
The United States on Monday eased some sanctions on Iran, pausing efforts to reduce Iranian crude oil exports, as part of a nuclear deal between Tehran and world powers that went into effect.
The Treasury Department said that now that Iran has fulfilled its initial nuclear commitments under the deal, “the administration has taken the necessary steps to pause efforts to further reduce Iranian crude oil exports.”
This will allow the six current customers of Iranian oil to maintain their purchases at current reduced levels for the six-month duration of an interim nuclear deal between Iran and world powers, the Treasury Department said.
The United States also took steps to suspend sanctions on non-U.S. people engaged in transactions related to Iran’s petrochemical exports, as well as certain trade in gold and precious metals with Iran and provision of goods and services to Iran’s automotive sector.
8 Comments on "US eases some sanctions on Iran, including oil"
Makati1 on Tue, 21st Jan 2014 3:54 am
Not that anyone paid much attention to the Empire’s ‘sanctions’. Certainly not China, Russia, or India, although they kinda made it look like they did. Oil and natural gas flowed one way and gold and other ‘things’ flowed back.
M_B_S on Tue, 21st Jan 2014 10:32 am
Lol
There is one reason:
The west needs the iranian oil + gas
Davy, Hermann, MO on Tue, 21st Jan 2014 11:16 am
MBS – that is one way to look at it and an appropriate realpolitik view.
Another reality is we cannot afford any large scale conflict from here on out. The little brush fires happening here and there are not good but manageable. Examples are Iraq, Syria, Libya, and South Sudan. Those of us here know the real oil numbers. We cannot afford to keep Iran out of the equation for too long. The way depletion and other above ground issues are unfolding will leave us with maybe 4 years before serious supply issues will present themselves. When four years are up I do not think the Global economic system will be able to take another oil shock. Four years is optimistic also there is always a black swan event. US tight oil was a godsend in this equation. It has bought us a few years of stable increase in supply. We must recognize we will need each and every global energy variable to be brought online as efficiently as possible immediately. We are in a situation currently of significant systematic economic risk. Those of you who would argue supply shrinkage is desirable for climate change reason may have an argument. Yet, I would like to see a few more years for some kind of plan B coalescing for the impending contraction that is coming from a multitude of tipping points combining in ways too difficult to forecast. If you are sold on carbon reduction immediately I understand (tree hugger here) yet, any reasonable plan to organize a response to climate change will be over if a severe contraction is initiated. You climate change bugs will have to hope nature does the dirty work. This is not at all a sure thing because the resulting world order could be even dirtier. So a long winded answer to the Iranian situation. Bring them back somehow within diplomatic reasons for the good of world stability
Makati1 on Tue, 21st Jan 2014 1:52 pm
Davy, I think there is going to be a world war before 2020. That is what has happened every time ab empire is in financial trouble and it is going to happen again. The Us is trying hard to get it going soon, or they know that it is the end of the US financial system and their power.
If you believe that it is impossible because of trade, you are not looking at reality. The loss of the dollar as the world’s trade currency is going to hurt a lot more than a war. It is going to collapse the globalization of trade and the Western countries economies.
BAU is not possible for much longer and they know it. And, yes, it IS going to be dirty and very painful for most of the West and their wannabees.
Davy, Hermann, MO on Tue, 21st Jan 2014 9:29 pm
Makati1. World war is a real possibility. I do think the very rich global 1% may have influence though. It is not in the interest of the rich and connected worldwide to have a war except maybe proxy wars. These proxy wars let off allot of steam. It allows the war dogs there play room. Yet, if the world goes into a collapse at this point war is a very real possibility due to the need to secure vital resources. This is not WWI or WWII economies. Modern life is a delocalized local so survival for everyone depends on global vital resources. I see a mad dash to gain control of energy, food, and water. It could be a regular apocalypse if those in charge do not take care!
Aaron on Tue, 21st Jan 2014 9:44 pm
I think some sort of economic collapse scenario is the only thing that will save us from catastrophic climate change. Despite the clear danger, we will not cut carbon enough voluntarily.
Davy, Hermann, MO on Tue, 21st Jan 2014 10:16 pm
Aaron I agree it is a possibility but there is also the possibility that things will get much dirtier. A collapse will be volatile and messy. It could mean more Fukushimas and Deep Water Horizons. It might mean more coal without the scrubbers. If the collapse is not deep enough industrial society will hang on without the capital or technology to at least make an effort to be less polluting. If the collapse is very deep the effects may be as bad as catastrophic climate change with mass deaths either way. Yet, the few that survive will have a better change to carry on our DNA into a new world from a near total collapse of industrial man than a near total collapse from catastrophic climate change. Catastrophic climate change could mean human extinction!
Aaron on Tue, 21st Jan 2014 11:37 pm
Davy – you’re thinking along the same lines as I am. The worst thing that could happen is a collapse which isn’t severe enough to destroy industrial society. That scenario would leave a society impoverished but still able to keep the capitalist wheels turning a while longer. Such a society would jettison all environmental and safety regulations, and utilise the cheapest forms of energy, to sustain its diminished power structures. Most of the pain would be visited on the poor, whilst the rich secure the lions share of resources behind the high walls of their compounds.