Why haven't we had WWIII yet? | 258 comments (258 topical, editorial, 0 hidden)

hasn't done anything to warrant an embargo of any kind

LOL.

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Wed May 2nd, 2012 at 07:23:56 PM EST
[ Parent ]

U.S. Sanctions Against Venezuela :: Gatestone Institute

In May, the U.S. State Department imposed sanctions on Venezuela's state oil company Petroleos de Venezuela (PDVSA) for trading with Iran. The press release states that between December 2010 and March 2011 the PDVSA delivered to Iran at least two cargoes of reformate (i.e. a blending component that improves the quality of gasoline), worth approximately $50 million.
The sanctions prohibit PDVSA from competing for U.S. government procurement contracts, from securing financing from the Export-Import Bank of the United States, and from obtaining U.S. export licenses. However, the sanctions do not apply to PDVSA subsidiaries and do not prohibit the export of crude oil to the United States.

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Wed May 2nd, 2012 at 07:26:49 PM EST
[ Parent ]

Re: Venezuela (none / 0)

And? The US imposed the same kind of sanctions on a Venezuelan company that it also imposes on other companies that do the same thing. What's your point? It certainly wasn't a violation that should require a general embargo on oil from Venezuela.

by santiago on Thu May 3rd, 2012 at 01:16:25 AM EST
[ Parent ]

Why haven't we had WWIII yet? | 258 comments (258 topical, 0 editorial, 0 hidden)