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Title: The West Blinks
Source:
zerohedge.com
URL Source: http://www.zerohedge.com/news/west- ... o-likely-be-delayed-six-months
Published: Jan 12, 2012
Author: Tyler Durden
Post Date: 2012-01-16 12:07:10 by randge
Keywords: Iran, Oil embargo
Views: 162
Comments: 5
The West Blinks - Iran Embargo Likely To Be Delayed By Six Months Crude Crude Oil European Union Greece Iran Israel Italy Japan Nuclear Power Recession Reuters Saudi Arabia Timothy Geithner UPDATE: Oil Sub $100. And so the escalation ends, if only for the time being, as Iran chalks a (Pyrrhic?) victory. EU IRAN OIL EMBARGO SAID TO BE LIKELY DELAYED BY SIX MONTHS Why? Because the world slowly realized that the potential surge in oil prices would tip a world already on the verge of a recession even deeper into economic contraction. Not rocket science, but certainly something the US president apparently has been unable to comprehend, especially if hoping that he would merely transfer exports from Iran to his close ally Saudi Arabia which would cement its European market monopoly even further. Or, perhaps, someone just explained to Obama that Embargo in January + QE3 in March = No Reelection... In other news, crude is now dumping. Poster Comment: The fanatical ziobots have taken the world to a precipice at such dizzying heights that even normally pliant globalist national politicians shrink back from the cliff's edge. Looks like they've drawn the line at suicide. Here's Michael Rivero's take on this story:
Submitted by Tyler Durden on 01/12/2012 14:12 -0500 
Europe and Japan just yanked the legs out from the plan to provoke Iran with oil sanctions. The US Government will likely not raise on this busted flush because Ron Paul's success in the primaries, despite the concerted efforts of the corporate media, the GOP, and Israel, has sent a clear and unambiguous message to the status quo that starting yet another war for Israel is going to cost incumbents their jobs come November. In short, unless Israel starts to act like Nazis Israelis and blow something up and claim Iran did it, we just stepped back from the edge of total global war. Hopefully, Israel's government will realize that a false-flag attack, either bombing something in the US or attacking a ship in the gulf, will be presumed an Israeli false-flag. After all, with the sanctions DOA, Iran has no reason to shut down the Straights of Hormuz, which leaves the US with no reason to attack Iranian assets, which means Iran has no reason to attack a US ship. That makes it very hard for Israel to sell a new false-flag attack.
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#1. To: All (#0)
Zio-Waterloo bump.
#2. To: randge (#1)
This whole thing to me makes the Cuban missile thingy look fairly tame in many ways.
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