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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (545922)	1/25/2010 8:24:06 AM
From: jlallen	Read Replies (1) \| Respond to of 1579024

lol Apparently....tough love? <g>

To: Brumar89 who wrote (545922)	1/25/2010 9:30:35 PM
From: Thomas M.	Read Replies (1) \| Respond to of 1579024

That's pretty stupid even for you. ILSA was the end of the rapprochement. <<< ... Despite intense, sometimes violent U.S.-Iranian political conflict after the Iranian revolution, American firms were doing important business with Iran well into the 1990s. American oil companies, for example, were buying the majority of Iranian oil for sale on international markets (they just couldn’t import it into the U.S.). Continental Grain and Archer Daniels Midland had grain contracts with Iran. Other U.S. firms sold Iran all sorts of products from auto parts to air conditioners. But all that stopped in the spring of 1995, when the U.S. oil firm Conoco won an attention-getting $600 million contract to develop Iran’s Sirri Island oil field in the Persian Gulf, a contract widely seen at the time as an Iranian political gesture to the Americans. Probably for that very reason, the American Israel Public Affairs Committee (AIPAC) and its friends in the media and on the Hill made a great pother over the Conoco deal. So much so that a month after it was announced, President Clinton signed an executive order cutting off all U.S. business with Iran. The order applied retroactively to the Conoco contract. When Conoco pulled out, the French oil company Total, along with Malaysia’s Petronas, got the Sirri Island contract. AIPAC and its friends made a great pother over the Conoco deal. It was the usual story. When the U.S. decides to cut itself out of a market, there’s never any shortage of foreign suppliers to rush in and take the business. The U.S. loses hundreds of millions of dollars in sales and thousands of domestic jobs and gets the reputation for being an unreliable supplier. Food and medical sanctions are particularly noxious since, as is glaringly true in the case of Iraq, they tend to punish innocent victims in the sanctioned countries rather than the offending leaderships and do little to change the behavior of those leaderships. A shining light among AIPAC’s legislative allies at the time of the Conoco hullaballoo was the then-senator from New York, Alfonse D’Amato. D’Amato, not satisfied with sanctions that applied merely to U.S. firms, sponsored AIPAC-written legislation requiring the government to punish firms of any foreign country, friend or foe, that invested in the Iranian oil sector. In 1996 D’Amato’s bill, with references to Libya thrown in at the last minute, became the Iran-Libya Sanctions Act, ILSA for short, and was signed into law ... >>> wrmea.com Tom