Err, what? You kind of lost me in the grammar.
And daveman was talking about US.
Now that Turkey is in the mix, things get only hotter for the US.
An attack on Iran is an economic attack on China
- Thread starter alwaysfresh
- Start date
Err, what? You kind of lost me in the grammar.
And daveman was talking about US.
Now that Turkey is in the mix, things get only hotter for the US.
alwaysfresh
New Member
IAEA chief sees "important step" in resolving Iran nuclear issue
UNITED NATIONS, Oct. 29 (Xinhua) -- The head of the International Atomic Energy Agency (IAEA) Mohamed ElBaradei said Monday that Iran's agreement in August to a plan for resolving outstanding verification issues was "an important step in the right direction."
Addressing the UN General Assembly at the UN Headquarters, ElBaradei said it was regrettable that Iran had not suspended its enrichment-related activities and continued to build the heavy water reactor at Arak, contrary to Security Council decisions calling on it to take confidence-building measures.
....
-------------------------------------------------------------------------------
It seems more and more that the attack on Iran is impossible for Israel and US foreign policy to implement. Europe, UN, the rest of the world are now backing Iran.
--------------------------------------------------------------------------------
Livni to China: Get tough on Iran
Israel's foreign minister urged China to throw its weight behind international diplomatic pressure on Iran.
Tzipi Livni addressed government think-tank members in Beijing on Monday at the beginning of a visit aimed at persuading China to close ranks with Western powers in passing a third round of U.N. Security Council sanctions against Iran unless it abandons its nuclear program.
China, which depends on Iran for much of its oil imports and sells it cheap products, has voiced preference for negotiations with Tehran.
......
-------------------------------------------------------------------------------
Israel lol ... No wonder this week in the news the meeting with Israel diplomats had a low profile. Israel is going to have to learn to make friends with Iran. Israel needs to realize it is a small country with little resources besides a US friend. Iran supplies 14% of China's oil! Israel diplomats will turn their relationship with China bad if they push this issue.
-------------------------------------------------------------------------------
UNITED NATIONS, Oct. 29 (Xinhua) -- The head of the International Atomic Energy Agency (IAEA) Mohamed ElBaradei said Monday that Iran's agreement in August to a plan for resolving outstanding verification issues was "an important step in the right direction."
Addressing the UN General Assembly at the UN Headquarters, ElBaradei said it was regrettable that Iran had not suspended its enrichment-related activities and continued to build the heavy water reactor at Arak, contrary to Security Council decisions calling on it to take confidence-building measures.
....
-------------------------------------------------------------------------------
It seems more and more that the attack on Iran is impossible for Israel and US foreign policy to implement. Europe, UN, the rest of the world are now backing Iran.
--------------------------------------------------------------------------------
Livni to China: Get tough on Iran
Israel's foreign minister urged China to throw its weight behind international diplomatic pressure on Iran.
Tzipi Livni addressed government think-tank members in Beijing on Monday at the beginning of a visit aimed at persuading China to close ranks with Western powers in passing a third round of U.N. Security Council sanctions against Iran unless it abandons its nuclear program.
China, which depends on Iran for much of its oil imports and sells it cheap products, has voiced preference for negotiations with Tehran.
......
-------------------------------------------------------------------------------
Israel lol ... No wonder this week in the news the meeting with Israel diplomats had a low profile. Israel is going to have to learn to make friends with Iran. Israel needs to realize it is a small country with little resources besides a US friend. Iran supplies 14% of China's oil! Israel diplomats will turn their relationship with China bad if they push this issue.
-------------------------------------------------------------------------------
Last edited:
The United States is desperately trying to stop the crashing of the dollar. When a giant oil exporting country like Iran is trying to dethrone the dollar by refusing payments in dollars for its oil, Uncle Sam needs to make an "example" out of him, lest someone else (or everybody else) start getting ideas that the U.S. no longer has the guts, or brawns, to enforce its economic tribute from the world, in the form of circulating a wildly over priced fiat money.
The United States is desperately trying to give its public (the american people) a reason, or a must, to stay its troops in the Middle East. A seemingly optional war (as most americans are starting to realize) in Iraq not working out? No problem, we'll stir up the hornet's nest with a war in Iran, hopefully even bring a few more terrorist attacks on the continental U.S., then the public will understand that we REALLY are fighting for our lives THIS TIME, whether the american public like it or not, the Iraqi region, turning dramatically for the worst in an instant, is actually more of a reason to stay, than just taking casuality in the mundane weekdays of Iraq, with no clear reason for being there. War with Iran, for better or worse, will actually be a reason.
Do u really think an attack on Iran is really going to stop the crashing of the dollar. Attack a giant oil exporting country like Iran is going to create a internation market crash and it just going to increase the speed of the crashing of the dollar.
Yes but without internation support can you US really win a the war in Iran and Iraq.
AmiGanguli
Junior Member
I don't know better than anybody else why Bush is trying to start another war, but this isn't it.
I hear this myth all the time, but the fact is that it makes absolutely no difference what currency oil is priced in. What matters is what currency countries choose to hold their reserves in. Iran can take payment in dollars and trade that money for Euros. Or it can price oil in Thai Bhat, take payment in yen, and then exchange that for Swedish Kroner if it wants. The _only_ thing that actually matters is what currency is used to hold the reserves.
Many countries have already started to move their reserves away from the U.S. dollar. Invading Iran won't change that. Luckily for the U.S., the big players like China and Japan can't do it all at once, because then they would lose a lot of money as the dollar crashed.
I believe attack on Iran is far fetched by any means, two wars have put a monumental strain on U.S economy....U.S wanted oil and they have plenty in Iraq.
Secondly, china and Russia should do more to diffuse the situation, specially china being a upcoming superpower should assert its influence.
Secondly, china and Russia should do more to diffuse the situation, specially china being a upcoming superpower should assert its influence.
Schumacher
Senior Member
Looks like China is fairly confident that hostility will not break out between Iran & US, either that or they think they can stay out of the bombs' way even if Iran is attacked.
China, Iran Sign $2 Billion Oil Production Agreement (Update2)
By Wang Ying and Dinakar Sethuraman
Dec. 10 (Bloomberg) -- China Petrochemical Corp. signed a $2 billion agreement to develop Iran's Yadavaran oil field, advancing prospects for a contract on the sale of liquefied natural gas to the world's fastest-growing major economy.
The field will produce 85,000 barrels a day in four years and a further 100,000 barrels a day three years after that, China's official Xinhua news agency cited Iranian Oil Minister Gholam Hossein Nozari as saying yesterday. Under an initial agreement in 2004, China would pay Iran as much as $100 billion over 25 years for LNG and oil and 51 percent stake in Yadavaran.
Sinopec Group, as China Petrochemical is known, hopes to talk about liquefied natural gas supplies ``later,'' Iran's state news agency IRNA said today, citing Zhou Baixiu, president of Sinopec Group's international exploration and production unit. China is ``willing'' to buy LNG from Iran, Zhou said.
China, a veto-holding member of the United Nations Security Council, has resisted pressure from the U.S. to isolate Iran and impose a third round of international sanctions over the country's nuclear program. The Chinese government wants its oil and gas producers to step up their global search for energy resources to meet rising consumption, spurred by an economy that surged 11.5 percent in the third quarter.
``This is a commercial deal, I don't think China will worry about the political tensions between the U.S. and Iran,'' said Victor Shum, senior principal at energy consultant Purvin & Gertz Inc. in Singapore. ``News that Iran probably stopped its nuclear weapon program in 2003 is a good sign that it poses no imminent threat to the U.S.''
Initial Agreement
Sinopec signed an initial agreement to buy 250 million metric tons of LNG from Iran over 30 years, National Iranian Oil Co.'s Senior Vice President of Development S.M. Hosseini told reporters in Beijing on Oct. 29, 2004.
The agreement yesterday is the largest energy contract between China and Iran, said Ying Xiaodong, an oil analyst with Citic Securities Co.
Zhang Zheng, spokesman for overseas affairs at Sinopec Group, as China Petrochemical is known, today said from Beijing he is ``not authorized to disclose information about the Iran project.''
Defense Secretary Robert Gates Dec. 8 called on U.S. allies to ``intensify'' economic and diplomatic pressure on Iran to suspend non-nuclear weapons uranium enrichment and allow verification that it doesn't resume a nuclear weapons program.
Nuclear Technology
Iran hasn't proven to the world that it has been developing nuclear technology exclusively for peaceful purposes, United Nations Secretary-General Ban Ki-moon said Dec. 7.
The agreement with Sinopec shows that U.S. claims that international companies are not willing to invest in Iran are baseless, IRNA said, citing the oil minister. The accord with Sinopec was delayed by ``tough commercial negotiations'' instead of the U.S. threat of sanctions, the agency said.
Talks on Yadavaran were delayed because Sinopec asked for a higher rate of return from the field, Agence France-Presse said in a report on its Web site, citing Nozari.
Sinopec's period of reimbursement has been halved to four years in the final contract, the report said, without giving details. Iran's constitution bars the sale of equity in the nation's oil and gas fields. Investors are compensated for their spending in oil and gas, a method known as ``buyback.''
Recoverable Reserves
According to Iranian estimates, the Yadavaran field has ``in-place'' reserves of 18.3 billion barrels of oil and 12.5 trillion cubic feet of gas, of which 3.2 billion barrels oil and 2.7 trillion cubic feet of gas are recoverable, Xinhua said.
Iran was China's third-biggest supplier of crude oil through the first 10 months of this year, according to the Beijing-based Customs General Administration. China's oil demand will increase 5.4 percent to 7.5 million barrels a day this year, the International Energy Agency said in its November forecast.
``The Chinese government is interested in diversifying sources of crude oil production and its national oil companies have more flexibility in going to places that the international oil companies can't,'' said Shum. ``China has been importing crude oil and fuel oil from Iran so Sinopec is keen to complete the deal.''
Earlier Deals
Sinopec Group in June 2006 agreed to buy OAO Udmurtneft, an affiliate of BP Plc, to produce oil in Russia for the first time. China National Petroleum Corp., the nation's biggest oil producer, bought PetroKazakhstan, which accounts for about 12 percent of Kazakhstan's oil output, for $4.18 billion in October 2005.
Cnooc Ltd., the country's biggest offshore oil company, paid $2.7 billion for a 45 percent stake in Nigeria's OML 130 oil area, also known as the Akpo deposit, from privately owned Nigerian company South Atlantic Petroleum Ltd.
Sinopec Group is the parent of China Petroleum & Chemical Co., known as Sinopec Corp., which is listed on stock markets in Hong Kong, New York, London and Shanghai.
China, Iran Sign $2 Billion Oil Production Agreement (Update2)
By Wang Ying and Dinakar Sethuraman
Dec. 10 (Bloomberg) -- China Petrochemical Corp. signed a $2 billion agreement to develop Iran's Yadavaran oil field, advancing prospects for a contract on the sale of liquefied natural gas to the world's fastest-growing major economy.
The field will produce 85,000 barrels a day in four years and a further 100,000 barrels a day three years after that, China's official Xinhua news agency cited Iranian Oil Minister Gholam Hossein Nozari as saying yesterday. Under an initial agreement in 2004, China would pay Iran as much as $100 billion over 25 years for LNG and oil and 51 percent stake in Yadavaran.
Sinopec Group, as China Petrochemical is known, hopes to talk about liquefied natural gas supplies ``later,'' Iran's state news agency IRNA said today, citing Zhou Baixiu, president of Sinopec Group's international exploration and production unit. China is ``willing'' to buy LNG from Iran, Zhou said.
China, a veto-holding member of the United Nations Security Council, has resisted pressure from the U.S. to isolate Iran and impose a third round of international sanctions over the country's nuclear program. The Chinese government wants its oil and gas producers to step up their global search for energy resources to meet rising consumption, spurred by an economy that surged 11.5 percent in the third quarter.
``This is a commercial deal, I don't think China will worry about the political tensions between the U.S. and Iran,'' said Victor Shum, senior principal at energy consultant Purvin & Gertz Inc. in Singapore. ``News that Iran probably stopped its nuclear weapon program in 2003 is a good sign that it poses no imminent threat to the U.S.''
Initial Agreement
Sinopec signed an initial agreement to buy 250 million metric tons of LNG from Iran over 30 years, National Iranian Oil Co.'s Senior Vice President of Development S.M. Hosseini told reporters in Beijing on Oct. 29, 2004.
The agreement yesterday is the largest energy contract between China and Iran, said Ying Xiaodong, an oil analyst with Citic Securities Co.
Zhang Zheng, spokesman for overseas affairs at Sinopec Group, as China Petrochemical is known, today said from Beijing he is ``not authorized to disclose information about the Iran project.''
Defense Secretary Robert Gates Dec. 8 called on U.S. allies to ``intensify'' economic and diplomatic pressure on Iran to suspend non-nuclear weapons uranium enrichment and allow verification that it doesn't resume a nuclear weapons program.
Nuclear Technology
Iran hasn't proven to the world that it has been developing nuclear technology exclusively for peaceful purposes, United Nations Secretary-General Ban Ki-moon said Dec. 7.
The agreement with Sinopec shows that U.S. claims that international companies are not willing to invest in Iran are baseless, IRNA said, citing the oil minister. The accord with Sinopec was delayed by ``tough commercial negotiations'' instead of the U.S. threat of sanctions, the agency said.
Talks on Yadavaran were delayed because Sinopec asked for a higher rate of return from the field, Agence France-Presse said in a report on its Web site, citing Nozari.
Sinopec's period of reimbursement has been halved to four years in the final contract, the report said, without giving details. Iran's constitution bars the sale of equity in the nation's oil and gas fields. Investors are compensated for their spending in oil and gas, a method known as ``buyback.''
Recoverable Reserves
According to Iranian estimates, the Yadavaran field has ``in-place'' reserves of 18.3 billion barrels of oil and 12.5 trillion cubic feet of gas, of which 3.2 billion barrels oil and 2.7 trillion cubic feet of gas are recoverable, Xinhua said.
Iran was China's third-biggest supplier of crude oil through the first 10 months of this year, according to the Beijing-based Customs General Administration. China's oil demand will increase 5.4 percent to 7.5 million barrels a day this year, the International Energy Agency said in its November forecast.
``The Chinese government is interested in diversifying sources of crude oil production and its national oil companies have more flexibility in going to places that the international oil companies can't,'' said Shum. ``China has been importing crude oil and fuel oil from Iran so Sinopec is keen to complete the deal.''
Earlier Deals
Sinopec Group in June 2006 agreed to buy OAO Udmurtneft, an affiliate of BP Plc, to produce oil in Russia for the first time. China National Petroleum Corp., the nation's biggest oil producer, bought PetroKazakhstan, which accounts for about 12 percent of Kazakhstan's oil output, for $4.18 billion in October 2005.
Cnooc Ltd., the country's biggest offshore oil company, paid $2.7 billion for a 45 percent stake in Nigeria's OML 130 oil area, also known as the Akpo deposit, from privately owned Nigerian company South Atlantic Petroleum Ltd.
Sinopec Group is the parent of China Petroleum & Chemical Co., known as Sinopec Corp., which is listed on stock markets in Hong Kong, New York, London and Shanghai.