Should we expect Pres BO to do more than just talk about the situation in Iran?
Yes we can.
Did you know that Iran imports most of its gasoline?
"Despite having the world’s second largest reserves of oil, Iran must import 40% of its gasoline because of a lack of refining capacity.
Most of its refined gasoline comes from the Jamnagar Refinery, operated and owned by Reliance Industries, an Indian company.
And guess who has guaranteed a $500 million loan to expand this refinery?
You did.
The American taxpayer, through the Export-Import Bank provided the loan guarantees as part of a $900 million package to Reliance."
Let's support the Sherman-Kirk Amendment in Congress.
This is an amendment that cuts off Export-Import bank financing for any firm that exports gasoline to Iran.
It sounds good to me!
It will have a devastating impact on the rulers' ability to stay in power.
Yes, I understand that it will hurt people. However, it will destabilize the economy even more and push the regime over the cliff.
Former Spanish PM JOSé MARIA AZNAR has a good column about Iran:
"Watching videos of innocent Iranians being brutalized, it's hard to defend silence." (JMA)
No silence in this blog!
