Wednesday, March 15, 2006

Iran Faces Petroleum Judo from the Democratic World

Nippon Oil, Japan's largest oil refiner, will cut its crude imports from Iran by 15%. I believe that this is a rational decision based on economic self-interest, but if you were a conspiratorially-minded type, you might think that this was all a coordinated plot to begin squeezing Tehran now that the diplomatic approach has floundered.

0 Comments:

Post a Comment

<< Home