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Palin Says It's Time to Crack Down on Iraq

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Gus11/19/2009 1:08:09 pm PST

Checked her oversimplification of the imports into Iran. She threw out “we have some control over there” when in fact we don’t. The majority of oil product imports in Iran come from China, Vitol and Trafigura. Recently it has been coming from the U.A.E.

Vitol is headquartered in Rotterdam, Netherlands and Geneva, Switzerland and Trafigura in Lucerne, Switzerland. Adding to this is that reaction by Iran would be to halt or curb oil exports. Essentially we’re looking at a stalemate with this route. Sanctions are moving forward regardless of her claims and this cannot be accomplished unilaterally or by decree.

Russia is a trade partner with Iran so it’s not likely that they will sign on the dotted line given the financial impact they would face with such sanctions — money still talks.