Saturday, March 31, 2007

Like sands through an hour glass...

These are the days of the Iranian Bourse...

March 30, 2007 Iran has plans to stop oil sales in dollars.

TEHRAN (Reuters) - Iran's central bank governor said Tehran had plans to end the sale of its oil in dollars completely, state television reported on Friday, part of a move to protect the Islamic Republic from mounting U.S. pressure.

Funny. I thought the Iranians were going off the dollar to bring Great Satan to its knees. Read all about it here.

I say you want those hostages back? You target their refining capabilities and bring a show of naval force to the Gulf. Supplement this with sanctions and banking enforcement. Hell even the Iranians admit that refining and currency is their weakness.
Iran has to import about 40 percent of its gasoline needs because it lacks refining capacity. Western diplomats have said they do not plan to target these imports, even though it is a vulnerable point, because it would hurt ordinary Iranians most.

Imagine my dismay at reading this quote from 'old wouldn't-say-shit-if-he-had-a-mouthful' Under Secretary of State Nicholas Burns and one of his minions.
" was a "point of leverage" for Washington. A U.S. official said targeting fuel imports was unlikely in any third round of sanctions."