Featured Post

1210. Presidential Debate - Trump and Harris Ridiculous

 So was there a winner of the Presidential debate or just another setup with ABC? I'll agree that Kamala was more composed and the strat...

Thursday, January 12, 2012

402. Sanction on Chinese Oil Companies

Now we're stirring a hornets nest. Apparently, as part of the Iran sanctions which indicated that we will sanction specific companies dealing with Iran, the U.S. targeted a Chinese major oil company. How we selected just this one I do not know. But, I can see several possible scenarios as a result of this. For example, this could be construed as OBlunder picking which company he wants to help or destroy. Zhuhai Zhenrong is supposed to be the largest supplier of refined products to Iran as well as receive oil from Iran. It did not target China's major state-run companies [as of yet].  Could this make Zhenrong a smaller fish and now part of the other state-run company's food chain? Could this start even more static between China and the U.S. Isn't the trade wars enough? Do we need to push China to start cooperating? Do we need to be firmer (yes)? Is this the start of a cold war between our countries? However you look at it, we have also included an Indonesian oil firm too, making it look like we're trying to be consistent when applying Iran sanctions. Time will tell. I finally feel like it was past due. We should have been firmer on sanctions at least 3 years ago and pussy-footed until we're on the verge of Nuclear dominance by unfriendly nations. Well, it had to start sometime while there are at least a few moments of cooperative chit chat left. We let the hornets build a gigantic nest. I hope just smoke creates enough docility to open talks. The cards are getting too dirty to read any more.

No comments:

Post a Comment