China: Don’t worry… we’ll take that Iranian oil

posted at 9:10 am on April 2, 2012 by Jazz Shaw

One of our greatest weapons against Iran, assuming you wish to avoid a military strike by either us or Israel, is a unified international threat of sanctions. And when you’re talking sanctions you’re talking oil. (It’s their biggest trading card, of course.) So as long as everyone stays on board with the plan, we might eventually move them in a direction we like. Right?

I’m sorry… what was that, China?

China will import crude oil from Iran based on its demand and won’t be influenced by the edicts of “some country,” the former head of China’s National Energy Administration said Sunday.

Speaking at the 2012 Boao Forum in China, Zhang Guobao said recent U.S. and European Union sanctions against importing crude from Iran don’t include “halting normal trade.”

A U.S. appeal earlier this year for countries to reduce crude imports from Iran has pushed up global crude prices, which has been harmful to the global economy, Zhang added. Higher oil prices combined with slower economic growth will also hurt oil demand, he said. Still, global oil prices probably won’t rise much, he added.

Zhang said the release of strategic oil reserves by countries such as the U.S. wouldn’t help keep crude prices in check because “releasing inventory only can affect prices for a short time.”

This shouldn’t come as any surprise. China is an economic ally of convenience, but ideologically they’re still pretty much free range in nature. The Chinese have made huge advances in hydroelectric power and are moving ahead in other areas, but they have very little in the way of native oil production capacity compared to their demand. Further, they’ve never been shy about keeping conflict going between other global entities, as most of these areas of uncertainty add to their own bargaining strength.

What we’re seeing here is a fairly politely phrased announcement which essentially says that they’ll buy the oil they need when they need it at the best price they can find. Much like our own domestically produced oil, the Iranians will find a ready market for all the crude they can pump. Don’t expect China to starve their own industrial needs just to help out western interests by shutting down Iran’s economy.


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Smart Power.

BigGator5 on April 2, 2012 at 9:12 AM

Supply and Demand at work again..

Electrongod on April 2, 2012 at 9:14 AM

Leading from behind …

ShainS on April 2, 2012 at 9:16 AM

Smoke and mirrors to get Obama through the election.

albill on April 2, 2012 at 9:21 AM

How can you NOT trust someone named Zhang Guobao.

Ugly on April 2, 2012 at 9:27 AM

I’m starting to think that our enemies want Obama elected again as well.

search4truth on April 2, 2012 at 9:29 AM

I really miss OOTD.

ElectricPhase on April 2, 2012 at 9:30 AM

Question: If the Iranians shut down the Straits of Hormuz, wouldn’t that shut off the oil to China? Wonder how China would react to that?

MR. ARIZONA on April 2, 2012 at 9:32 AM

Supply and Demand at work again..

Electrongod on April 2, 2012 at 9:14 AM

Supply and demand doesn’t apply to oil, don’t you know? That’s why Obama is stifling domestic oil, since the extra supply can’t bring down the price of gas.

The Rogue Tomato on April 2, 2012 at 9:40 AM

Well I can’t deny they have a right to do what they wish.
There is no wisdom in stifling yourself productively like we have based on some sort of fake outrage.

Badger40 on April 2, 2012 at 9:47 AM

Supply and demand doesn’t apply to oil, don’t you know? That’s why Obama is stifling domestic oil, since the extra supply can’t bring down the price of gas.

The Rogue Tomato on April 2, 2012 at 9:40 AM

But…but..
Release of the Strategic Petroleum Reserve.

Electrongod on April 2, 2012 at 9:47 AM

Sanctions are a placebo for the MSM and Marxist Democrats: they make them feel good while accomplishing absolutely nothing.

NickDeringer on April 2, 2012 at 9:48 AM

If the United States were to act more proactively to shut down Iran’s economy, or were to ramp up efforts to aid the opposition to the Mullahtocracy, would China impose economic sanctions on the United States?

If they did, for example, stop exports to the United States for a few weeks, 30 days or so, we’d grind to a halt, so dependent are we on Chinese-made products.

coldwarrior on April 2, 2012 at 9:49 AM

Supply and demand doesn’t apply to oil, don’t you know? That’s why Obama is stifling domestic oil, since the extra supply can’t bring down the price of gas.

The Rogue Tomato on April 2, 2012 at 9:40 AM

To the contrary, the Obama policy is specifically tied to the cost of oil through supply and demand. It is the stated position that gas prices must be as high as possible to encourage the use of alternative forms of energy. Nevermind that the technology for alternative energy does not exist and that billions have been squandered in the 21st century of alchemy, the goal is to make gas as expensive as the socialist bastard can make it without hampering his re-election.

Happy Nomad on April 2, 2012 at 9:50 AM

It’s not like China has to fear a nuclear strike from Iran. Unlike the West, Iran knows China will nuke them without hesitation or mercy.

hadsil on April 2, 2012 at 9:50 AM

Obama is bluff, others know it.

Obama is trying his best to stop Israel from solving the Iranian nuke problem, why should China or anyone else hurt their economy for the re-election of Obama???
And if Obama had been developing US oil he could have offered other countries US oil to make up for any loss from Iran…

Have international sanctions ever worked???

albill on April 2, 2012 at 9:52 AM

Boycott Chow Mein. We’ll show ‘em.

NoDonkey on April 2, 2012 at 10:04 AM

Provide possibly faux evidence that Iran is supporting China’s western muslim separatists?

Let China know that oil distribution will be a target in the eventual bombing of Iran?

Blacksoda on April 2, 2012 at 10:07 AM

Question: If the Iranians shut down the Straits of Hormuz, wouldn’t that shut off the oil to China? Wonder how China would react to that?

MR. ARIZONA on April 2, 2012 at 9:32 AM

What would prevent them from shipping it through the Caspian Sea into Russia or one of the former Soviet republics?

JohnGalt23 on April 2, 2012 at 10:08 AM

Do you get the sense that America is some wounded animal surrounded by a pack of hungry wolves? Or is it just me?

LoganSix on April 2, 2012 at 10:10 AM

And to think that we could be drilling our own oil and selling it to China which would help our position vis-a-vis Iran.

Obama is one smart cookie.
///

Bitter Clinger on April 2, 2012 at 10:11 AM

Boycott Chow Mein. We’ll show ‘em.

NoDonkey on April 2, 2012 at 10:04 AM

“No Moo Goo Gai Pan for you!!!”

Bitter Clinger on April 2, 2012 at 10:12 AM

For pity’s sake…Its like this clown is unable to do even the most simple task without jacking it up. What an absolute loser. Whats his plan now? I cant wait to find out what idiotic loser of a plan he has his uber-douche staff ginning up…

MooCowBang on April 2, 2012 at 10:13 AM

“No Moo Goo Gai Pan for you!!!”

Bitter Clinger on April 2, 2012 at 10:12 AM

*snort*

Ugly on April 2, 2012 at 10:19 AM

“No Moo Goo Gai Pan for you!!!”

Bitter Clinger on April 2, 2012 at 10:12 AM

*snort*

Ugly on April 2, 2012 at 10:19 AM

Back of the line!

/EggFooYungNazi

gryphon202 on April 2, 2012 at 10:28 AM

Of course the ChiComs will take the Iranian oil…

Obama… what a maroon…

/Bugs Bunny (apologies to Mel Blanc)

Khun Joe on April 2, 2012 at 10:28 AM

Hey guys, c’mon. Obama believes in American superiority….just like the Iranians believe in Iranian superiority, and the Chinese believe in Chinese superiority.

I want to know how Obozo expects an international boycott to materialize when America is just another country on the map. This dipsh*t has got to go. We need to give him all the flexibility any private citizen has after the election.

NOMOBO on April 2, 2012 at 10:29 AM

How about we fire Obama, a faithful employee of ChiCom? Since they paid for his election, they own the guy lock, stock, and barrel.

Archivarix on April 2, 2012 at 10:29 AM

So I guess we need some more of that “smart diplomacy”.

Who’s ass is Barry going to kiss this time?

GarandFan on April 2, 2012 at 10:41 AM

How can you NOT trust someone named Zhang Guobao.

Ugly on April 2, 2012 at 9:27 AM

Funny

AsianGirlInTights on April 2, 2012 at 10:42 AM

And the Canadian oil, too…………

ultracon on April 2, 2012 at 10:49 AM

Oil is a global product anyway….so long as it is on the market somewhere, it will reduce prices, good for us.

0bamaderangementsyndrom on April 2, 2012 at 10:50 AM

How much is Iran making from oil each year (asked rhetorically)? Imagine if, so many years ago, Iran, broke and disorganized, chose NOT to drill…NOT to run pipelines…because those would not solve their budget woes in the short-term.

How can President Obama ask people for more time because “hope and change” takes years…but then state that increasing domestic production is not a solution because it takes years and we don’t have “years”?

It’s a shame that everything (literally EVERYTHING) is nothing more than a stump speech (on both sides of the aisle)? Remember when public servants served? Remember when they had at least some integrity?

Yes, the American people are on to them. Unfortunately, they’re not motivated enough to do anything. Instead of rising up – peacefully at the polls and by running for office – they simply bow out by not voting.

I’m in Cook County so I see it first hand. Everyone complains about the sad state of politics and finances in Illinois, Cook County, Chicago, municipalities, etc. Their solution: do nothing, don’t vote, do complain.

How do we get people involved? GOTV efforts are short-term, get to the polls efforts. But how do we really get people motivated to get involved? Is it possible? Or, have we already let the sad state of politics grow to the point of being unstoppable?

Conservative Joe on April 2, 2012 at 10:54 AM

Sanctions are a placebo for the MSM and Marxist Democrats: they make them feel good while accomplishing absolutely nothing.

NickDeringer on April 2, 2012 at 9:48 AM

Sanctions don’t work?!?!?!? Whoda thunk it?

Bitter Clinger on April 2, 2012 at 10:54 AM

Zero is so smart.Did he really think just his presence would get China to go along and hurt their economy as he is intentionally doing to ours. They know he is ignorant to reality.

democratsarefools on April 2, 2012 at 11:05 AM

I’m starting to think that our enemies want Obama elected again as well.

search4truth on April 2, 2012 at 9:29 AM

Well, the Russian leadership certainly likes Obama…

Yakko77 on April 2, 2012 at 11:09 AM

Would it help if Obama wore that Nobel Peace Prize medallion like bling when he met with foreign leaders???

C’mon, we’ve been told he is the smartest President ever.

Maybe he needs to work on messaging?

“Hey, yo, Chicoms, my slant-eyed brotha’s…”

coldwarrior on April 2, 2012 at 11:12 AM

The enemies of the U.S.’s enemies, are Obama’s friends.

upinak on April 2, 2012 at 12:04 PM

The enemies of the U.S.’s enemies, are Obama’s friends.

upinak on April 2, 2012 at 12:04 PM

Somehow I expected you’d see it exactly the opposite ;)

DarkCurrent on April 2, 2012 at 12:16 PM

Somehow I expected you’d see it exactly the opposite ;)

DarkCurrent on April 2, 2012 at 12:16 PM

LOL….

upinak on April 2, 2012 at 12:24 PM

The top three importers of Iranian crude have been all from the Far East, Japan, S. Korea & China. All other pale in comparison.

This neither a surprise or a shock to me.

Kermit on April 2, 2012 at 12:51 PM

Why should we care about this? It’s not as if WE actually want any oil from anywhere – we’re perfectly happy letting China have the Canadian oil that we could have had, and letting China drill for oil in the Gulf of Mexico where we refuse to drill any more. I’ll bet Obummer would even be willing to open ANWR for drilling if China said they wanted to drill there. Besides China owns us now, so why would we attempt to stop them from getting whatever they want?

dentarthurdent on April 2, 2012 at 1:31 PM

Boycott Chow Mein. We’ll show ‘em.

NoDonkey on April 2, 2012 at 10:04 AM

No more fortune cookies for you. All your Chow Mein are belong to us.

timberline on April 2, 2012 at 2:17 PM