Quote:
Originally Posted by Bucco
"WASHINGTON (AP) -- President Barack Obama is moving ahead with tough new sanctions aimed at squeezing Iran's oil exports after determining there is enough crude on world markets to take the step without harming U.S. allies."
Obama's move allows the U.S. to go forward with sanctions on foreign banks that continue to purchase oil from Iran. The sanctions aim to further isolate Iran's central bank, which processes nearly all of the Islamic Republic's oil purchases, from the global economy
News from The Associated Press
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Yes, but it will be another good excuse for an increase at the pump. With eliminating oil company subsidy's on the horizon - the best excuse of all - these two 'common sense' steps will likely lead to to a good kick in our economic pants.
Now if the Chief Executive just had the power to even temporarily freeze gas prices...
(whoops, that would be the 's' word).