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At least Obama is being honest now

Actually I questioned my own number and looked it up, they're already capable of producing much more than 700,000 barrels a day. The 700,000 I had in my head is actually the amount by which they expect to increase production beyond current capabilities by 2016 once sanctions are lifted.

So yes, the impact is significant.

They're already exporting what they produce. Their number will realistically go up by 700,000 to 2 million. 0.7% is not significant.
 
Mmmm, I'll put my money on economics over words. No doubt that there will be downward pressure on prices, the debate is over the magnitude. Given how hard some senators are fighting, I suspect that the industry anticipates the drop will be on the larger side.

Good for commuters though!
 
OPEC doesn't like the price dropping either and they control the oil market, they won't let Iran's production drop the price. They'll just cut their own production.
 
OPEC doesn't like the price dropping either and they control the oil market, they won't let Iran's production drop the price. They'll just cut their own production.

OPEC has incentive to squeeze American shale out of the market, so I don't expect them to tighten the spigot.

Perfect time to invest more in developing cleaner energy and not be so beholden to OPEC in the future! (Cue angry rabble rabble about tree huggers)
 
OPEC has incentive to squeeze American shale out of the market, so I don't expect them to tighten the spigot.

Perfect time to invest more in developing cleaner energy and not be so beholden to OPEC in the future! (Cue angry rabble rabble about tree huggers)

Yes, but they also want to make as much as they can. They won't let Iran affect their profits or the barrel price.
 
From today's WSJ, concerns over Iran ramping up production after sanctions are lifted are already putting downward pressure on oil futures contracts. Futures markets are starting to reflect the reality of Iran being able to do business with the rest of the world, so I don't think there's a question about the impact on the market and on small shale drillers and large oil companies alike... Those industries will want to see some return on their congressional investments, so GOP will continue to fight and likely lose.

http://www.wsj.com/articles/oil-futures-signal-weak-prices-could-last-years-1439159387
 
From today's WSJ, concerns over Iran ramping up production after sanctions are lifted are already putting downward pressure on oil futures contracts. Futures markets are starting to reflect the reality of Iran being able to do business with the rest of the world, so I don't think there's a question about the impact on the market and on small shale drillers and large oil companies alike... Those industries will want to see some return on their congressional investments, so GOP will continue to fight and likely lose.

http://www.wsj.com/articles/oil-futures-signal-weak-prices-could-last-years-1439159387

It took a WSJ article for you to understand that Iranian oil would lower the global oil prices?

lulzzzzzz
 
You all are clearly in favor of additional sanctions but is the international community onboard? I'm asking because I seriously don't know. What do some of the other big nations want to happen, and how much influence do they have?
 
You all are clearly in favor of additional sanctions but is the international community onboard? I'm asking because I seriously don't know. What do some of the other big nations want to happen, and how much influence do they have?

Everyone but China and Russia (and probably France).
 
You all are clearly in favor of additional sanctions but is the international community onboard? I'm asking because I seriously don't know. What do some of the other big nations want to happen, and how much influence do they have?

The Chinese and Russians are anti-American and frankly don't give a shit about the US's security concerns. The Russians already have been illegally supplying the Iranians with arms and supporting their allies (Assad).

However, the Russians and Chinese by miracle signed onto the last UN Security Council vote to impose sanctions. Remember: just 1 veto can block any resolution.

That matters because once the sanctions are lifted and Chinese and Russian money flows into Iran, and vice versa, they're off the hook. Iran can cheat and cause havoc all it wants and neither of these countries will blink an eye. In fact they will likely be supporting them with arms. So any future attempt to "snap back" sanctiosn is a total pipe dream, so long as these 2 countries sit at the Security Council table.

Rolling back sanctions only made sense if Iran absolutely bent over and rolled over. They didn't. The deal is only mildly stressful on their nuclear program, it frees up modernizing their military, it frees up money, and it will entrench the Chinese in Iranian affairs.
 
Rolling back sanctions only made sense if Iran absolutely bent over and rolled over. They didn't. The deal is only mildly stressful on their nuclear program, it frees up modernizing their military, it frees up money, and it will entrench the Chinese in Iranian affairs.
Caveat: I haven't paid much attention to this so I could be totally off, but it looks like this deal absolutely decimates Iran's nuclear program. They're giving up almost all of their fissile material and modern equipment. Also, enrichment of weapons grade uranium takes more than a few weeks to hide from inspectors. If the argument is that inspectors are ineffective, then all monitoring programs are moot and the only method to prevent nuclear proliferation in any country is a ground war.

Iran was going to have operational nuclear weapons and they will not now due to these negotiations. The terms aren't optimal for us but the alternative seemed to be a nuclear Iran. I'd be interested to know what I'm wrong on though.
 
Caveat: I haven't paid much attention to this so I could be totally off, but it looks like this deal absolutely decimates Iran's nuclear program. They're giving up almost all of their fissile material and modern equipment. Also, enrichment of weapons grade uranium takes more than a few weeks to hide from inspectors. If the argument is that inspectors are ineffective, then all monitoring programs are moot and the only method to prevent nuclear proliferation in any country is a ground war.

Iran was going to have operational nuclear weapons and they will not now due to these negotiations. The terms aren't optimal for us but the alternative seemed to be a nuclear Iran. I'd be interested to know what I'm wrong on though.

According to a former IAEA inspector who was on CNN last week, it does not take weeks to hide enriched uranium. Remember as well that inspectors must file for EXACTLY where and what they want to inspect, and they get access to only those site(s). So really, all the Iranians have to do is remove the hardware needed to weaponize the uranium in 24 days, which is not difficult at all.

This is a country that has spent the past 30 years deceiving inspectors; they're good at this.

The point that I'm making, any many are making, is that Iran likely views itself as being nuclear armed one day, either way. The question is how robust their military is and how well financed their economy is along the way and when they get there. It just became much easier to feed their economy and modernize their armed forces; all they have to do is look like they're playing nice for the better part of the next 10 years until this agreement is done with.
 
That's a reasonable response but there's obviously a debate to be had either way. Everything I read about it from either perspective makes it look like a black and white issue, which pisses me off.
 
It is black & white. Obama baaad, Republican goooood. Now fall in line.
Wait a minute. Obama is black and white.
conspiracy-keanu.jpg
 
That's a reasonable response but there's obviously a debate to be had either way. Everything I read about it from either perspective makes it look like a black and white issue, which pisses me off.

It looks like the main reason why some Jewish Democrats in Congress are now speaking out against this deal is they feel that Kerry gave Iran the option to delay on-site inspections by 24 days, which is just insane, and is totally against the "open" inspection policy that the Obama Administration is trying to sell the world.

As part of this deal, Iran will soon receive at least $55 Billion that have been frozen in international banks from past sanctions, so the infusion of cash (probably safe to say that all of those billions won't be spent on building new sidewalks in small towns), along with the ability to delay by 24 days any on-site inspection, I think Kerry was forced to make "any" deal and got stuck with a bad one...which he basically admitted to just days after it was signed.
 
Update: they're now back to lying again.

The AP came out with a story today stating that there was a backdoor deal done between the US/UN/and Iran, allowing Iran to carry out their own inspections of military sites suspected of housing nuclear material, with their own inspectors.

The deal was bad before; now it is catastrophically f*cking horrible.

http://bigstory.ap.org/article/a9f4...ve-un-let-iran-inspect-alleged-nuke-work-site
 
roflroflroflroflroflroflroflroflroflroflroflroflroflroflroflroflrofrlforlforlforlforlforlforlfororoflroflroflrofl
 
The oil boys in congress are still grasping at straws to whip up fear, 85 is buying all of it of course.

The side agreement described here is between the IAEA and Iran and was proposed independent of the 6 nations that have been party to the recent talks (the U.S. included). The IAEA's satellite imagery and intelligence suggests the site was sanitized of whatever work they were doing over a decade ago, but the IAEA needs to formally close the books. This is something nobody cares about except those that are working overtime to derail the deal.

This is just another thorn in the side of world leaders, from the slimeball oil boys doing everything in their power to ensure a return on the oil industry's congressional investments. Eat it up all you want, buy your underground bunkers, cuz sorry, the small potatoes in congress have no sway here.
 
It's either this deal or American troops die.

The only people in the world that consider what has been negotiated in Iran as a negative are Iranian hardliners that realize it WILL actually prevent them from a bomb, U.S. Republicans that have completely different agendas, and ignorant American citizens that slurp up GOP propaganda on a daily basis (oh yea, and the Israeli (Netan)yahoo's that are also whipped up in to a fear frenzy).

They'll lose though. They've already lost, they're just grasping.
 
The deal was bad before; now it is catastrophically f*cking horrible.

This reminds me a lot of your in-game posts.

We all know you have a problem with premature ejaculation, you don't have to keep showing us.
 
The only ones who thinks it's good are Obama and his sheep, Iran, China and Russia.

Oh? The European nations that were party to the talks and their allies in the E.U. also?

If Republicans were to be successful in overturning this (they won't be) the entire world outside of the myopic American GOP supporters would see that move for what it is. Americans would solidify their reputation as ignorant and fleeced.
 
hahahahah

I love how the usual apologists are now moving the goal posts even further. It's pathetic, really.

First it was "This is an air tight deal with strict verifiable parameters!"

Then, after the 25 day window was revealed, it was "so what! our inspectors can still obtain exactly what they need! It's still verifiable!"

Now, after we know that Iran will be allowed to self inspect, it's "Shut up and trust Obama, the UN, and Iran!!"

Not only does this deal allow for Iran to retain it's 3 month breakout period for weaponizing a nuclear warhead, as explicitly laid forth by the US' best nuclear proliferation expert last week, it now also allows them to call their own shots at their premier fortified military site, long suspected of being the epicenter of their secret nuclear program. And yet, the same pathetic apologists will continue defending Obama and his boys.

Oh, and to top the cake, Russia is now finalizing a deal to sell advanced surface to air missiles to Iran, which would basically erode any capability of striking their facilities from the air. All thanks to this "deal" removing the previously held arms embargo. So now they can cheat at will and fear an Israeli or US air strike much less.

So much good stuff in this deal*
 
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Carter 1994, North Korea.
Obama 2015, Iran.

Same result.
 
Shouldn't you all be focused on determining appropriate levels of healthcare for women and kicking people out of the country?

Oh, I see.

Illegally selling human body parts and callously discussing the slaughter of human child = "levels of health care for women".

Yep, got it.

WARZ ON WOMENZ!!!!*
 
Carter 1994, North Korea.
Obama 2015, Iran.

Same result.
 
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