Wednesday, November 25, 2009

Wally Hickel can Appreciate this One: Sinopec in $6.5 billion Iran refinery deal

Former Governor Wally Hickel was pimping a plan with his cohort Scott Heyworth on having Sinopec build the Alaska gas pipeline...

Too bad this news has come out.

TEHRAN (Reuters) - China's Sinopec (0386.HK) has signed a tentative deal to provide financing of $6.5 billion for oil refinery projects in Iran, two Iranian news agencies reported on Wednesday.

If such an agreement goes ahead, it would provide Iran, the world's fifth-largest crude exporter, with much needed capital to help develop its all-important energy sector, which is under U.S. sanctions.


Will someone show how sanctions will work against Iran?

When Palin states we should export energy to China in one breath and in the next she states we need to use sanctions against Iran, she digs herself in a deeper hole...

She needs to knock off the rhetoric on that point...

1 comment:

Cathy said...

I cannot figure out who you hate more: Wally Hickel for having an idea, Scott Heyworth for running with it, the Chinese for losing their patience with Palin and the bureaucrats of Alaska, Iran for pulling off a great deal for their country (does China belong to the sanction of Iran pact?), or Alaska's elected officials who are so corrupt they cannot even find their pants in the morning to even think about getting Alaska's natural gas to market (oh, you forgot that part)? It's boggling to understand what your point is.