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U.S. Exempts Japan, 10 EU Nations From Iran Oil Sanctions

Bloomberg -- The Obama administration is sending a message to major buyers of Iranian oil -- in particular China, India and South Korea -- that they can avoid new U.S. sanctions by curtailing their imports of Iranian crude by the end of June, several U.S. officials said.

Secretary of State Hillary Clinton announced yesterday that an “initial group” of countries -- Japan and 10 European Union nations -- have “significantly reduced” their Iranian oil purchases and thus qualified for an exemption from sanctions for a renewable period of 180 days under the law.

The U.S. didn’t grant waivers to China (CCCIIQIR), the leading importer of Iranian crude in the first half of last year, or to India and South Korea, which were the third- and fourth-largest buyers, according to the U.S. Department of Energy.

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Submitted Mar 21, 2012 By: Mudsprings

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honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Mar 23, 2012 4:09:49 AM Ignore honda0105 Report Abuse China can't do w/out oil. And the sanctions drive the price down for China. In order to survive, they can't do anything else, but buy it cheaply.
jerej829 Champion Author Memphis Posts:2,841 Points:690,940 Joined:May 2011	Message Posted: Mar 22, 2012 3:10:47 PM Ignore jerej829 Report Abuse Really
gknee09 All-Star Author Philadelphia Posts:980 Points:821,040 Joined:Jul 2009	Message Posted: Mar 21, 2012 6:22:49 PM Ignore gknee09 Report Abuse China is another worry
CapNC Veteran Author North Carolina Posts:390 Points:359,470 Joined:Jul 2011	Message Posted: Mar 21, 2012 5:26:34 PM Ignore CapNC Report Abuse it's just another obamma sham - vote him out ABO - anybody but obamma
GRCummins53 Veteran Author Stockton Posts:353 Points:143,030 Joined:May 2011	Message Posted: Mar 21, 2012 5:12:21 PM Ignore GRCummins53 Report Abuse What a joke.
garjul Champion Author Flint Posts:1,565 Points:647,340 Joined:Jul 2009	Message Posted: Mar 21, 2012 4:28:51 PM Ignore garjul Report Abuse Does the prez really care? Gas buddy readers doubt it.
aarrrt Champion Author San Diego Posts:7,261 Points:1,649,620 Joined:May 2008	Message Posted: Mar 21, 2012 4:11:07 PM Ignore aarrrt Report Abuse Either you have a sanction or don't. This exemption is plain stupid. Bad call Mr. President.
bluebie Veteran Author Salt Lake City Posts:435 Points:103,110 Joined:Mar 2011	Message Posted: Mar 21, 2012 4:10:06 PM Ignore bluebie Report Abuse There will be always someone to buy Iran's oil if the prices are slightly lower than that in the International market.
EVBuddy Champion Author Nevada Posts:16,675 Points:3,028,670 Joined:Sep 2004	Message Posted: Mar 21, 2012 4:05:39 PM Ignore EVBuddy Report Abuse That policy drives up the price of oil and gasoline. Nationalize Iran to drive down oil prices!
slowtrain Champion Author Georgia Posts:3,652 Points:945,975 Joined:Aug 2008	Message Posted: Mar 21, 2012 4:00:08 PM Ignore slowtrain Report Abuse nobama is up to no good. Our new president next year should help. No guarantees though.
nemoFL Champion Author Florida Posts:8,786 Points:1,607,350 Joined:Oct 2008	Message Posted: Mar 21, 2012 3:58:28 PM Ignore nemoFL Report Abuse sanctions will hurt their delicate balance in china
mycar2 Champion Author Akron Posts:2,095 Points:2,355,190 Joined:Apr 2004	Message Posted: Mar 21, 2012 3:54:43 PM Ignore mycar2 Report Abuse so now the price goes up again......thanks
preacherjohn Champion Author Modesto Posts:3,978 Points:1,916,895 Joined:May 2006	Message Posted: Mar 21, 2012 3:53:30 PM Ignore preacherjohn Report Abuse as if they care..
TopGunn Champion Author Baltimore Posts:9,171 Points:2,613,355 Joined:Aug 2004	Message Posted: Mar 21, 2012 3:53:06 PM Ignore TopGunn Report Abuse Politics, politics and more politics. None of it helps the consumer.
pickledude72 Champion Author California Posts:1,120 Points:835,495 Joined:Jul 2008	Message Posted: Mar 21, 2012 3:50:03 PM Ignore pickledude72 Report Abuse Get rid of the dy numb ic duos, and take care of the US
donnamarieb333 Veteran Author South Carolina Posts:397 Points:181,340 Joined:May 2011	Message Posted: Mar 21, 2012 3:49:51 PM Ignore donnamarieb333 Report Abuse iran is not gonna be hurt a bit really by anything we do or say, p.o.-ed yes but stopped, no. the best stand we can take is to return to a way of manufacturing and doing business that (sorry to say) government, sanctions, boycotts, tariffs (or lack thereof)has pretty well made darn near impossible. it didn't start with obama but this nation needs to get out and vote and make sure it ends with him while we still have a chance to stay a great nation in our own right...
nwsynthetics Champion Author Oregon Posts:1,014 Points:345,075 Joined:Dec 2011	Message Posted: Mar 21, 2012 3:48:45 PM Ignore nwsynthetics Report Abuse Vote out Obama an dall the other din wits in the the senate,etc.
jerej829 Champion Author Memphis Posts:2,841 Points:690,940 Joined:May 2011	Message Posted: Mar 21, 2012 3:47:30 PM Ignore jerej829 Report Abuse Take care of home first then you can look at the world's needs!
GatorGuy Champion Author Columbia Posts:2,220 Points:1,204,485 Joined:Jan 2009	Message Posted: Mar 21, 2012 3:45:41 PM Ignore GatorGuy Report Abuse Obama and Clinton...they dynamic duo. Save us!
Caribou2011 Champion Author Ohio Posts:3,751 Points:765,910 Joined:Feb 2011	Message Posted: Mar 21, 2012 3:45:27 PM Ignore Caribou2011 Report Abuse Just take away any subsidies or US support to the companies that buy iranian oil.
caddilac Champion Author Ontario Posts:16,588 Points:2,137,530 Joined:Apr 2007	Message Posted: Mar 21, 2012 3:45:07 PM Ignore caddilac Report Abuse big_mac64 wrote, "caddilac...if you have kept up with US consumption, you would know that America IS using less oil now than 10 years ago." big_mac64, if you have kept up with US consumption news, you are using less only because you are forced to use less by higher prices for gasoline, but you are still using more than you need to use. Just because you are using less than you did 10 years ago doesn't excuse the amount that you still use.
rd2000 Champion Author Florida Posts:3,561 Points:685,045 Joined:Jul 2007	Message Posted: Mar 21, 2012 3:39:28 PM Ignore rd2000 Report Abuse yes why have a boycot
jd4230 Champion Author Missouri Posts:1,590 Points:762,190 Joined:Jul 2005	Message Posted: Mar 21, 2012 3:37:26 PM Ignore jd4230 Report Abuse 032946 IS CORRECT
032946 Champion Author Twin Cities Posts:19,845 Points:4,041,120 Joined:Oct 2001	Message Posted: Mar 21, 2012 3:36:31 PM Ignore 032946 Report Abuse Why have a boycot?
ROSYMI Champion Author Michigan Posts:1,028 Points:366,400 Joined:Nov 2011	Message Posted: Mar 21, 2012 3:35:59 PM Ignore ROSYMI Report Abuse we need to take care of ourselves
milespergallon Champion Author Illinois Posts:9,734 Points:1,906,410 Joined:Feb 2007	Message Posted: Mar 21, 2012 3:35:26 PM Ignore milespergallon Report Abuse If those countries want to purchase from those sand-stompers it is their right. BUT! It is our RIGHT to NOT give ANY aid to ANY of those countries. No money, no food, no support no technology no vacation destinations! NO NOTHIN'. And, if perchance this UNITED STATES of AMERICA was at all involved in saving their a$$ from destruction, annihilation, take over, assault or any other form of action where the UNITED STATES of AMERICA and to come to their sorry a$$ aide, we MUST receive full REPAYMENT of our expenses which cost the UNITED STATES of AMERICA citizens in money, supplies, armament and lives. PAYABLE IMMEDIATELY
blazerbob91 Champion Author Milwaukee Posts:6,130 Points:1,880,745 Joined:Aug 2005	Message Posted: Mar 21, 2012 3:34:24 PM Ignore blazerbob91 Report Abuse Why do we have to be the police of the world.
TheDix Champion Author Ontario Posts:3,094 Points:600,210 Joined:Dec 2009	Message Posted: Mar 21, 2012 3:29:32 PM Ignore TheDix Report Abuse I read an article the other day on google when I was scrolling through Real estate ( homes )owned by banks in U.S.and they stated the U.S. gov't borrows 2 billion a day from China and pays Pakistan 12 billion a year to be a democracy. Does anyone think this is true?
jpj23 Champion Author Los Angeles Posts:5,695 Points:1,096,675 Joined:Jul 2008	Message Posted: Mar 21, 2012 3:29:22 PM Ignore jpj23 Report Abuse What's the purposed of a boycott if everyone has an exemption. That'll teach them unruly Iranians! ... or maybe not.
nimpy Champion Author Indianapolis Posts:8,125 Points:1,699,155 Joined:Oct 2007	Message Posted: Mar 21, 2012 3:29:07 PM Ignore nimpy Report Abuse Obama is at it on a re-election year
adgam Champion Author Orange County Posts:2,262 Points:500,855 Joined:Nov 2011	Message Posted: Mar 21, 2012 3:28:52 PM Ignore adgam Report Abuse ok
ShabbyPA Champion Author Pennsylvania Posts:2,815 Points:680,490 Joined:Nov 2007	Message Posted: Mar 21, 2012 3:26:06 PM Ignore ShabbyPA Report Abuse we Should worry only about our freekin country,Vote out OBAMA!!!!
nigelb Champion Author Virginia Posts:8,444 Points:1,388,830 Joined:Feb 2008	Message Posted: Mar 21, 2012 3:25:09 PM Ignore nigelb Report Abuse njerald said "Another clueless Marxist B O regime decision" Another clueless comment. Oh and if you know anything about history you should know about the fascist who rose to power by branding his opponents as Marxists and communists. That was in the 1930's and his name as Adolf Hitler! Ever heard of him?
big_mac64 Champion Author Tennessee Posts:10,593 Points:1,485,590 Joined:May 2005	Message Posted: Mar 21, 2012 3:24:59 PM Ignore big_mac64 Report Abuse caddilac...if you have kept up with US consumption, you would know that America IS using less oil now than 10 years ago. People continue to drive less and demand has been down at least for the last 3 yrs, maybe more
wschmrdr All-Star Author Albany Posts:660 Points:119,665 Joined:Sep 2007	Message Posted: Mar 21, 2012 3:24:24 PM Ignore wschmrdr Report Abuse I wonder if those 10 EU nations include Greece, Portugal, Italy, and some of the other broke ones, so that they can re-sell Iranian oil and make money off of that.
caddilac Champion Author Ontario Posts:16,588 Points:2,137,530 Joined:Apr 2007	Message Posted: Mar 21, 2012 3:21:51 PM Ignore caddilac Report Abuse What gives the US the right to dictate to other countries???????? Also, if you include sanctions for some countries you should include sanctions for all countries that buy from Iran. If the US expects those other countries to use less, because they have to buy less, then the US should either use less oil themselves and provide an example of how to do it or supply those other countries with the oil they won't be getting from Iran. The US only has about 5% of the worlds population but uses 25% of the oil produced daily. Use only 10% and that leaves 15% for those other counties to use. It would seem that it is easy to tell other countries to do with less, but it is another thing to do it yourselves.
hkstrongside Rookie Author Salt Lake City Posts:17 Points:62,090 Joined:Feb 2011	Message Posted: Mar 21, 2012 3:21:12 PM Ignore hkstrongside Report Abuse seriously
aukxsona Sophomore Author Arkansas Posts:115 Points:15,005 Joined:Feb 2008	Message Posted: Mar 21, 2012 3:20:22 PM Ignore aukxsona Report Abuse this is stupid
silverbullet90 All-Star Author Florida Posts:834 Points:315,305 Joined:Apr 2011	Message Posted: Mar 21, 2012 3:18:53 PM Ignore silverbullet90 Report Abuse Huh?
GOBUTLER Champion Author Indianapolis Posts:1,425 Points:387,585 Joined:Dec 2011	Message Posted: Mar 21, 2012 3:13:13 PM Ignore GOBUTLER Report Abuse Interesting....
bababooey2 Champion Author Hartford Posts:6,342 Points:1,300,890 Joined:Sep 2009	Message Posted: Mar 21, 2012 3:12:40 PM Ignore bababooey2 Report Abuse Why?
niftytrader Veteran Author California Posts:318 Points:91,825 Joined:Mar 2012	Message Posted: Mar 21, 2012 3:11:35 PM Ignore niftytrader Report Abuse driving prices higher by telling everyone to avoid crude from Iran.. why dont they come up with other solution
dale243 All-Star Author Dallas Posts:972 Points:676,000 Joined:Jan 2011	Message Posted: Mar 21, 2012 3:10:36 PM Ignore dale243 Report Abuse What!? Why!?
NatureBoyKY Champion Author Kentucky Posts:3,351 Points:1,293,495 Joined:Jan 2008	Message Posted: Mar 21, 2012 3:10:04 PM Ignore NatureBoyKY Report Abuse Political double talk for we like to talk, but don't like to act.
Fhuang66 Champion Author Cleveland Posts:1,319 Points:909,900 Joined:Oct 2005	Message Posted: Mar 21, 2012 3:09:55 PM Ignore Fhuang66 Report Abuse What do you expect?
eddyp94 Champion Author Ontario Posts:8,163 Points:1,660,835 Joined:Mar 2008	Message Posted: Mar 21, 2012 3:09:38 PM Ignore eddyp94 Report Abuse Nothing surprises me anymore...
PerSonneL Champion Author Alberta Posts:1,188 Points:736,915 Joined:Mar 2008	Message Posted: Mar 21, 2012 3:07:28 PM Ignore PerSonneL Report Abuse get over it !
mplato Champion Author Columbia Posts:8,239 Points:1,813,320 Joined:Jun 2004	Message Posted: Mar 21, 2012 3:07:18 PM Ignore mplato Report Abuse WHY? these sanctions have been in place for over 30 years and we are still letting them get away with this.... diplomats...got to love them
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,859,780 Joined:Jun 2006	Message Posted: Mar 21, 2012 3:05:16 PM Ignore PizzaMon Report Abuse Maybe sanctions were not the way to go at all.
OU8121959 Champion Author Grand Rapids Posts:2,699 Points:530,035 Joined:Apr 2011	Message Posted: Mar 21, 2012 3:05:12 PM Ignore OU8121959 Report Abuse cool