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INSIGHT-Catch me if you can - oil sanctions against Iran

Reuters -- International sanctions have a patchy history, and Iran's oil elite have been dodging them for decades.

As Washington and its allies tighten the screws on Tehran over its nuclear programme, Iran is coming up with new ways to sell its oil - offering special deals to allies China and India, delivering oil to clients and swapping it for gold and grain.

Tehran may also be devising ways to make its oil more saleable on international markets, switching it between tankers and blending crudes to disguise the origin, oil trading and shipping sources have told Reuters. They spoke on condition of anonymity because of the sensitivity to business relationships.

Washington, London and Brussels are doing their best to put up obstacles, but Iran is market savvy, these traders said,...

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Submitted Oct 08, 2012 By: NOTSOGRN

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remay Champion Author Houston Posts:7,083 Points:2,144,190 Joined:May 2006	Message Posted: Oct 9, 2012 8:10:41 AM Ignore remay Report Abuse HOW can a "news" article THIS old be allowed? "By Peg Mackey LONDON, March 6 \| Tue Mar 6, 2012 10:56am EST"
dieselfiendSC Champion Author South Carolina Posts:2,261 Points:871,355 Joined:Nov 2008	Message Posted: Oct 9, 2012 7:16:20 AM Ignore dieselfiendSC Report Abuse More old news
radiorumor Champion Author Texas Posts:2,951 Points:782,290 Joined:Feb 2011	Message Posted: Oct 8, 2012 11:20:55 PM Ignore radiorumor Report Abuse Most of the deals were made a week ago in NY
letterchunker Champion Author Texas Posts:2,340 Points:684,125 Joined:Aug 2008	Message Posted: Oct 8, 2012 11:10:23 PM Ignore letterchunker Report Abuse ok
bigdipperMS Champion Author Mississippi Posts:1,541 Points:550,130 Joined:Apr 2011	Message Posted: Oct 8, 2012 11:08:27 PM Ignore bigdipperMS Report Abuse Enough already, it is time for a full blockade/
rahcat Champion Author Grand Rapids Posts:2,700 Points:690,875 Joined:Jan 2010	Message Posted: Oct 8, 2012 11:04:57 PM Ignore rahcat Report Abuse Article dated March 6, 2012. Sanctions don't work....BLOCKADE Iran.
Rednix Champion Author Miami Posts:6,298 Points:1,304,185 Joined:Jul 2009	Message Posted: Oct 8, 2012 10:59:08 PM Ignore Rednix Report Abuse Ok
clermont40miles Champion Author Cincinnati Posts:10,761 Points:1,800,610 Joined:Apr 2008	Message Posted: Oct 8, 2012 10:58:20 PM Ignore clermont40miles Report Abuse Shut them down. ALL of them. No NutJob oil.
BIGREDNM Champion Author Albuquerque Posts:3,741 Points:875,415 Joined:Oct 2010	Message Posted: Oct 8, 2012 10:53:09 PM Ignore BIGREDNM Report Abuse To do it right you have to do complete genaside.
zantor Veteran Author San Bernardino Posts:258 Points:53,025 Joined:Jul 2012	Message Posted: Oct 8, 2012 10:49:03 PM Ignore zantor Report Abuse like all businessmen
MopedTime All-Star Author Michigan Posts:810 Points:385,355 Joined:Mar 2012	Message Posted: Oct 8, 2012 10:47:20 PM Ignore MopedTime Report Abuse Get those ayatoolas off the earth.
Dragnet Champion Author Arizona Posts:15,553 Points:2,935,485 Joined:Jul 2004	Message Posted: Oct 8, 2012 10:42:08 PM Ignore Dragnet Report Abuse Sanctions, what a joke. Do they really work? Not really because the country just finds other ways to survive. It's just a political way with word to make people think politicians are really doing something other than sitting on their butt and collecting a check
mcmonsta Champion Author Honolulu Posts:3,347 Points:845,470 Joined:Sep 2009	Message Posted: Oct 8, 2012 10:37:46 PM Ignore mcmonsta Report Abuse if we didn't know that from the start...duhhhhh. who do they think they were fooling?
LowerMyGP Champion Author Utah Posts:13,925 Points:2,726,885 Joined:May 2005	Message Posted: Oct 8, 2012 9:13:47 PM Ignore LowerMyGP Report Abuse "OLD" article. DATED 6 March, 2012!!!
dpt Champion Author Michigan Posts:2,272 Points:2,214,325 Joined:Mar 2005	Message Posted: Oct 8, 2012 7:09:12 PM Ignore dpt Report Abuse Iran's currency is tanking. That's got to hurt.
Catfish93001 Champion Author Ventura Posts:1,216 Points:251,200 Joined:Jun 2008	Message Posted: Oct 8, 2012 6:50:06 PM Ignore Catfish93001 Report Abuse If it's available, it'll be bought.
GasFreeLeaf Champion Author Orange County Posts:1,262 Points:484,575 Joined:Oct 2010	Message Posted: Oct 8, 2012 6:23:41 PM Ignore GasFreeLeaf Report Abuse .
Mr.Dirt Champion Author Albany Posts:8,470 Points:2,533,955 Joined:Mar 2004	Message Posted: Oct 8, 2012 6:14:02 PM Ignore Mr.Dirt Report Abuse same old thing will not work have to take them out
USAv8tor Veteran Author Long Island Posts:348 Points:139,115 Joined:Mar 2012	Message Posted: Oct 8, 2012 6:12:43 PM Ignore USAv8tor Report Abuse The sanctions are affecting the world economies, including those that support the sanctions. The evil genius overthere has 50% of the world's sympathy, 25% of the gray area and 25% that hate them. I would say that their profit loss is probably 25%. At least 50% of the Arab world is helping them sell their oil. It seems to be a long, drawn, convoluted and obfuscated futile effort. Not that I care much about it. I'm just an observer.
wz Champion Author Twin Cities Posts:2,625 Points:1,304,935 Joined:Feb 2009	Message Posted: Oct 8, 2012 6:06:38 PM Ignore wz Report Abuse Whatever the sanctions or taxes, if they are too high (or too stringent), it will create a "black market" (organized crime) to avoid it. This is why all taxes should be levied at the point of purchase. Set the taxes too high, people don't buy, and revenue decreases. Obama would see the same result if he gets his wish to "tax the rich." The truly rich would find ways to avoid the tax by investing (or moving) overseas, or investing in passive markets (commodities, etc.) that do not create jobs - reducing the government's revenue with a multiplier effect.
MacDad614 Champion Author Atlanta Posts:3,085 Points:1,200,470 Joined:Aug 2008	Message Posted: Oct 8, 2012 6:02:22 PM Ignore MacDad614 Report Abuse Iran produces about half the amount of oil that the United States produces. We do not need Iranian oil. However, other countries in the world are buying the oil. The embargo may not be working 100%, but it sure makes Iran work harder to sell it where it can.
RAE344 Champion Author Virginia Beach Posts:3,212 Points:689,220 Joined:Jun 2011	Message Posted: Oct 8, 2012 5:59:01 PM Ignore RAE344 Report Abuse The people of Iran are a proud bunch. They will never admitt if they are hurting.
WebGabe Champion Author Pennsylvania Posts:2,510 Points:524,320 Joined:Jun 2007	Message Posted: Oct 8, 2012 5:58:49 PM Ignore WebGabe Report Abuse Ok.
friday21 Champion Author Toronto Posts:5,586 Points:714,060 Joined:Jul 2010	Message Posted: Oct 8, 2012 5:55:11 PM Ignore friday21 Report Abuse ok
IUVidiot Champion Author Indiana Posts:3,730 Points:737,135 Joined:Jun 2011	Message Posted: Oct 8, 2012 5:54:49 PM Ignore IUVidiot Report Abuse same old
Barfood Champion Author St. Louis Posts:3,368 Points:1,036,675 Joined:Jun 2009	Message Posted: Oct 8, 2012 5:50:53 PM Ignore Barfood Report Abuse Oil is too important, Iran and any buyers that really want it will figure out a way, but we still need to know who is supporting Iran.
2907 Champion Author Kentucky Posts:1,594 Points:863,645 Joined:Aug 2005	Message Posted: Oct 8, 2012 5:48:22 PM Ignore 2907 Report Abuse I would think that one of those brilliant people in the White House could figure a way to stop those oil sales...
TelsaOR Champion Author Oregon Posts:3,596 Points:740,215 Joined:Jan 2011	Message Posted: Oct 8, 2012 5:46:02 PM Ignore TelsaOR Report Abuse We need to find this black market oil and stop it to cut off all of the cash flow to Iran.
saleboss Champion Author Phoenix Posts:3,954 Points:1,184,550 Joined:Feb 2006	Message Posted: Oct 8, 2012 5:45:54 PM Ignore saleboss Report Abuse They've been one step ahead of us all the time!
Gas4Gore Champion Author Detroit Posts:2,529 Points:445,200 Joined:Jan 2010	Message Posted: Oct 8, 2012 5:43:23 PM Ignore Gas4Gore Report Abuse Never being caught.
aggietim Champion Author Fort Worth Posts:1,831 Points:717,800 Joined:Oct 2008	Message Posted: Oct 8, 2012 5:42:20 PM Ignore aggietim Report Abuse ok
unloquacious Champion Author Indiana Posts:2,802 Points:1,060,150 Joined:May 2005	Message Posted: Oct 8, 2012 5:36:55 PM Ignore unloquacious Report Abuse Meanwhile Russia is quietly working in the background.... It's all going to lead up to the Big War (Gog and Magog).
craigsf38 Champion Author Rochester Posts:5,858 Points:1,538,930 Joined:Jun 2008	Message Posted: Oct 8, 2012 5:35:18 PM Ignore craigsf38 Report Abuse Same old stuff different day
Titan_62 Champion Author Maryland Posts:1,573 Points:355,660 Joined:Apr 2011	Message Posted: Oct 8, 2012 5:34:39 PM Ignore Titan_62 Report Abuse This will NEVER work!!! (never has...)
camel1 Champion Author Minnesota Posts:8,415 Points:2,295,290 Joined:Jul 2006	Message Posted: Oct 8, 2012 5:34:17 PM Ignore camel1 Report Abuse business as usual as much as it can be
texasvet Champion Author Texas Posts:3,890 Points:364,345 Joined:Jul 2009	Message Posted: Oct 8, 2012 5:31:02 PM Ignore texasvet Report Abuse Embargoes never work. Never have, never will.
REKEY Champion Author South Carolina Posts:8,723 Points:1,727,095 Joined:May 2008	Message Posted: Oct 8, 2012 5:26:03 PM Ignore REKEY Report Abuse Exactly!
kacansas All-Star Author Twin Cities Posts:788 Points:237,445 Joined:Aug 2005	Message Posted: Oct 8, 2012 5:24:19 PM Ignore kacansas Report Abuse Yeah, yeah, Yeah! like sanctions ever stopped any country.
QualTekGuy Champion Author Illinois Posts:3,183 Points:761,340 Joined:Feb 2007	Message Posted: Oct 8, 2012 5:23:52 PM Ignore QualTekGuy Report Abuse Is this why so many people are saying that embargos don't work?
HailstormCA Champion Author San Diego Posts:7,955 Points:1,491,945 Joined:Nov 2008	Message Posted: Oct 8, 2012 5:23:13 PM Ignore HailstormCA Report Abuse Ah! The price of doing business.
bbreff Champion Author Atlanta Posts:9,993 Points:2,597,090 Joined:Jun 2005	Message Posted: Oct 8, 2012 5:18:26 PM Ignore bbreff Report Abuse This does not deserve a comment.
BM4225 Champion Author Atlanta Posts:10,246 Points:2,120,570 Joined:Aug 2006	Message Posted: Oct 8, 2012 5:18:16 PM Ignore BM4225 Report Abuse The value of their currency has dropped severly, it is costing more to survive, and some day the people will wake up, and demand for change. I just hope it is not the same kind that we are having.
GasFreeLeaf Champion Author Orange County Posts:1,262 Points:484,575 Joined:Oct 2010	Message Posted: Oct 8, 2012 5:16:29 PM Ignore GasFreeLeaf Report Abuse .
silvershark69 Champion Author Minnesota Posts:1,128 Points:406,445 Joined:Dec 2011	Message Posted: Oct 8, 2012 5:15:25 PM Ignore silvershark69 Report Abuse Just Keep working to tighten the screws !
Ringmaster2008 Champion Author Ontario Posts:7,723 Points:1,184,960 Joined:Apr 2008	Message Posted: Oct 8, 2012 5:10:57 PM Ignore Ringmaster2008 Report Abuse That's how a global market works
arcaneradio Champion Author Michigan Posts:2,646 Points:514,940 Joined:Dec 2010	Message Posted: Oct 8, 2012 5:05:14 PM Ignore arcaneradio Report Abuse Sanctions are worthless. Iran is already working around them. Ahmadinejad isn't worried about them. The empty chair needs to be replaced.
scubadaniel Champion Author Dayton Posts:1,561 Points:720,350 Joined:Jan 2011	Message Posted: Oct 8, 2012 5:04:59 PM Ignore scubadaniel Report Abuse Blah blah blah....
mikaye Champion Author Cleveland Posts:3,964 Points:891,160 Joined:Jun 2010	Message Posted: Oct 8, 2012 5:04:51 PM Ignore mikaye Report Abuse sanctions don't work
no8c Champion Author Ohio Posts:2,939 Points:733,075 Joined:Jul 2008	Message Posted: Oct 8, 2012 5:02:14 PM Ignore no8c Report Abuse Thanks for posting this article!
Tiput Champion Author Ottawa Posts:1,980 Points:461,125 Joined:Jul 2011	Message Posted: Oct 8, 2012 5:01:30 PM Ignore Tiput Report Abuse ok