Reply With Quote^^ Both India and China. Both the economies are struggling with inflation. Both need cheap oil as badly as a junkie needs his next fix, and this is one hell of a clearance sale at your local peddlers.
India Explores Economic Opportunities in Iran, Denting Western Sanctions Plan
http://www.nytimes.com/2012/02/10/wo...s-in-iran.htmlIndia emerged as a major new irritant on Thursday in Western efforts to isolate Iran, announcing that it was sending a large trade delegation there within weeks to exploit opportunities created by the American and European antinuclear sanctions that are increasingly disrupting Iran’s economy.
The trade delegation announcement coincided with new reports that India, an important consumer of Iranian oil, had eclipsed China for the first time as Iran’s No. 1 petroleum customer last month, subverting efforts by the United States to persuade other countries to find non-Iranian sources for their energy needs or risk onerous penalties under a new American sanctions law.
The announcement also came ahead of a planned visit to India by Herman Van Rompuy, the European Union president, who was quoted in an interview with The Times of India as saying that he intended to seek the Indian government’s help in pressing Iran to give up its nuclear program.
It was unclear whether Mr. Rompuy knew at the time of the interview that India’s commerce secretary, Rahul Khullar, was about to announce a big economic push into Iran that could serve to counteract the effects of the very sanctions Mr. Rompuy has helped to promote.
“We will be mounting a mission to Iran at the end of the month to promote our own exports,” Mr. Khullar told reporters in New Delhi, according to Indian and Western accounts of his news conference. “A huge delegation will be going.”
In what amounted to a rejection of an underlying motive in the American-European sanction effort, Mr. Khullar said India already was honoring the four rounds of United Nations sanctions aimed at dissuading Iran from its uranium enrichment program. Those sanctions, he told reporters, do not apply to “a vast range of products which India can export to Iran.”
Even if the United States and European Union wished to shun business with Iran, Mr. Khullar said, “Tell me why I should follow suit?”
“Why shouldn’t I take up that business opportunity?” he asked.
^^ Both India and China. Both the economies are struggling with inflation. Both need cheap oil as badly as a junkie needs his next fix, and this is one hell of a clearance sale at your local peddlers.
This would be a perfect opportunity to get oil at 15-20% discount.....It would be suicidal for us if we join hands with USA and EU and voluntarily shun business with IranOriginally Posted by twinblade
Isn't this just about the payments for rice?
This is all about taking advantage of the situation...Iran is cut to size from all sides...the only window of opportunity they have is via india and china,so seeing their situation we should negotiate a deal favorable to us.It would be a win win situation for both of us.we get cheap oil and they get food for their population.
India is touching the red line.
Iran's number 1 oil customer? Glorious. We should tell Indians what benefit entitled for that honorable position.
This is what multipolar world looks like.
West should stop playing "world police" and start exploiting trade opportunities as well.
If **** hits fan it will be third world that will take the hit, we will go trough it somehow.
I can afford 200% increase in gas prices. And soon after - 200% increase of food prices if **** happens in middle east.
Can Indians afford it ?
Deaths caused by starvation as a result of food price increase will exceed many times casaulities as a result of ME conflict. And India is second in line after Africa.
And whatcha gonna do about it?
[there was a cool gif about it but couldn't find it anymore]
Oh! really can you afford a 200% increase in gas prices??? if yes then you must be from global 1% elite group,because even in india with a salary of 30,000 US $ an increase by 15-20% pinches like a needle.Anyways increase in petrol prices would not affect indians directly as majority of them don't even have automobiles.The only cause of concern are the diesel prices.
also an increase in food prices would not severely affect indians as subsidized food cost something around 4 cents a Kg .India is a food exporter and not an importer like african and ME nations.In times of crisis all export would be banned.
With china in mind US would be the last nation on this planet to afford enmity with india.Who wants another china size country as it's enemy??
If oil was traded for food, there's no reason for the West to disapprove the deal.
The problem may be different if other goods or services were involved.
However, I don't think it is wise for India to increase its dependance on Iranian oil.
A war against Iran may irrupt sooner or later. If that happens, India could suffer oil shortage in case of too strong reliance on this oil supplier.
Here comes another keyboard warrior..
well to us it is better than being saudi arabia's or pakistan's ally..
If India manages to develop a critical dependency on her for Iran that may be used by the West too, to keep or to increase pressure in Iran, only that would depend on West <-> India relations. So all in all the main winner is India anyway. Nice gambit.
Iran is not even a pro indian nation.Just look at press TV(official Iranian mouth piece).Most of the time it is filled with hatred against india and indian govt.Not to mention the Iranian president called Mumbai attacks as a false flag and their supreme leader called india as a Zionist regime.I think iran is doing so much favor for India out of desperation.
Unfortunately indian state is filled with short sighted and foolish politicians who associate any dealings with a Muslim country with muslim vote bank.They don't realize that Iran is a threat to mankind and the civilized world.
Tone down the anger by a few notches kiddo, it a forum and people have strong opinions.
Our foreign policy is messed up as well lords. We deemed intervention in Libya unnecessary, are still trading with Iran and are even backing Assad in the UN. As the quote is thrown in South Block, we are more Arab than Arabs in our middle east policy.
No 2 actually. What's the entitlement for that
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