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Iranian Oil Minister Dismisses Sanctions as Futile Move

Fars News Agency -- Iranian Oil Minister Rostam Qassemi played down the US-led western sanctions against Iran's oil exports, warning that an energy-hungry world can not do without Iranian energy supplies.

Speaking to reporters on the sidelines of an OPEC ministers meeting, Qassemi warned the US and Europe that their tactics will backfire.

"The use of instruments such as sanctions or direct military interventions in energy-producing countries will increase the price of oil and market volatility," he told an OPEC seminar on Wednesday.

On Thursday, he denied that Iran was hurting.

"Our exports remain as before," he declared, adding that the oil embargo will "not have any negative impact on Iran."

Stressing that Iran has the most combined oil and gas reserves in the world, he suggested his country held


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Submitted Jun 17, 2012 By: carrek
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car253
Champion Author Ohio

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Message Posted: Jun 18, 2012 7:20:26 AM

He is right.
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gandalfthegrey1
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Message Posted: Jun 18, 2012 5:41:26 AM

This is just another way of saying, 'We're going to build that bomb if it hairlips Hitler.' And they will.
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Nancy&Len
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Message Posted: Jun 18, 2012 5:38:25 AM

In his dreams.
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Luckylindy
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Message Posted: Jun 18, 2012 4:30:15 AM

Especially since they are still selling oil.
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bisonjim
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Message Posted: Jun 18, 2012 4:13:14 AM

Not a surprise
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djgunrunner
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Message Posted: Jun 18, 2012 3:38:52 AM

He is probably right. If they drop the price low enough you know their will be buyers. China will be a buyer anyway. America getting hurt on the dollar falls right into Chinas play book. Iran is and has been doing exactly what they planned. They stalled us from doing anything while selling their oil and building their bombs. The caused the prices of crude to jump over $100.00 a barrel when it is only worth $50.00. It made the speculators very happy and hurt a great part of the free world starting with America and we were not even buying oil from them. In the mean time they had the money to continue enriching their Uranium for the bombs they are not making and are laughing at us the whole time. If they could vote they would be voting for obama just to keep everything in America screwed up.
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MN1
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Message Posted: Jun 18, 2012 12:20:56 AM

I'd expect no less.
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anascom
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Message Posted: Jun 18, 2012 12:13:05 AM

hmmm !!!
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rickone
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Message Posted: Jun 17, 2012 11:19:19 PM

Interesting - Thanks for posting.
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JohnofGB
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Message Posted: Jun 17, 2012 11:09:20 PM

Did the oil minister clear this with the ruling imams???
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1momsunshine
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Message Posted: Jun 17, 2012 11:08:29 PM

ok
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davenles
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Message Posted: Jun 17, 2012 9:50:31 PM

To many exemptions and hold out countries to be effective.
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buckets42
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Message Posted: Jun 17, 2012 9:46:11 PM

Does he really have any other choice about what to say?
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bandannaman
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Message Posted: Jun 17, 2012 9:26:08 PM

If you say something enough times, I guess you start believing it.
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graceman
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Message Posted: Jun 17, 2012 8:33:44 PM

All a lot of talk!
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kag2010
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Message Posted: Jun 17, 2012 7:58:15 PM

Stressing that Iran has the most combined oil and gas reserves in the world, he suggested his country held a study on it....

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pumaMN
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Message Posted: Jun 17, 2012 7:29:00 PM

ok
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WildmanMick
Veteran Author North Carolina

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Message Posted: Jun 17, 2012 7:16:06 PM

"Our exports remain as before," he declared, adding that the oil embargo will "not have any negative impact on Iran." - I wonder who is he trying to convince?
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humblepie
Champion Author Toledo

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Message Posted: Jun 17, 2012 7:15:15 PM

china for one could care less about any u s sanctions
they just thumb their noses at everything obama does
as do most of the rest of world leaders
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mastermariner
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Message Posted: Jun 17, 2012 7:14:32 PM

Sanctions do not work, look at Cuba and South Africa when they were in effect.
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Metrolizer
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Message Posted: Jun 17, 2012 7:05:53 PM

State-sponsored Iranian lies. But the part about the sanctions being costly for the United States and our allies is true.
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carrek
Veteran Author Seattle

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Message Posted: Jun 17, 2012 7:04:03 PM

I wonder about his comments. Another article says that their exports of oil are down 40% and the full sactions don't happen until July 1.
http://www.steelguru.com/middle_east_news/Iran_oil_exports_plummet_as_sanctions_bite/269020.html
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