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Tuesday, January 24, 2012

IRAN MUST FIGHT BACK: Oil Embargo Europe Now

Iran must fights back: Embargo Europe now. I think it is very logical in the spirit of self preservation that Iran identify which European country or any country for that matter contemplating to stop buying oil from Iran and stop selling oil to that country now. Oil prices will almost certainly soar as Europe scamper to find replacement while others who are yet undecided will most certainly drop their plans to stop buying oil from Iran. Other OPEC members secretly sympathetic or unwilling to collide with Iran on this particular issue will find reasons not to sell to European hostile countries and yes; high prices means more extra cash for the Arabs in the Gulf. It is a win-win situation for Iran and the Arabs and a defeat of the evil designs of the west. It is wrong for USA to assume that it can reverse the power of oil as a weapon. Oil is Iran’s weapon of mass destruction; not USA’s. 





'Iran must stop exports before oil ban'
A former Iranian intelligence minister says before the European Union (EU) starts to actually ban Iran's oil imports, Tehran should preemptively stop oil exports to EU member states.

EU foreign ministers are expected to meet on January 23 to make a final decision on banning Iran's oil imports by member states and freeze the country's Central Bank assets.

Reacting to the EU plan to ban Iranian oil, Ali Fallahian said Monday that Iran must respond by immediately halting oil exports to EU members as of now.

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