Iran nuclear deal has been reached
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http://www.bbc.com/news/world-middle-east-33518524
A deal on limiting Iran's nuclear programme in return for sanctions relief has been reached at talks in Vienna, diplomats say.
The Associated Press cited an unnamed Western diplomat as saying final obstacles had been cleared.
The EU announced a "final plenary" meeting at 08:30 GMT, followed by a news conference.
Six world powers including the US, Russia and the UK have been negotiating with Iran at the talks.
Reuters cited two unnamed Iranian diplomats early on Tuesday as saying a deal had been reached.
"All the hard work has paid off and we sealed a deal. God bless our people," it quoted one of the diplomats as saying.
Has one party in US history ever been as obstructionist as the current GOP? This reflexive resistance to a deal brokered between the United States and other world powers is somewhat alarming. Based on their reactions yesterday (denouncing the deal seconds after it was announced), there is NO agreement they would accept as long as Obama was for it.
It's unseemly enough to do this over domestic issues (see Obamacare) but it's a really dangerous precedent when a major foreign affairs issue becomes just another political football. Why would the Democrats not do the same whenever a Republican gets back in office?
It's unseemly enough to do this over domestic issues (see Obamacare) but it's a really dangerous precedent when a major foreign affairs issue becomes just another political football. Why would the Democrats not do the same whenever a Republican gets back in office?
Fucking republican war Hawks. Hopefully the dems can sell this as it is. A vote against the deal is s vote for war.
They can't block it. It's not a treaty so they would have to affirmatively pass legislation to kill the deal.
It takes 60 votes to break filibuster. They'd need 6 Democrats. That's not guaranteed, although it might be possible. However, Obama has sworn to veto them if they succeed. To override such a veto they would need 67 votes and 13 Democrats, which they won't get.
It takes 60 votes to break filibuster. They'd need 6 Democrats. That's not guaranteed, although it might be possible. However, Obama has sworn to veto them if they succeed. To override such a veto they would need 67 votes and 13 Democrats, which they won't get.
I thought they just pass something preventing the removal of sanctions. Killing the deal. Granted I don't think they have the votes.
By Fenderputty Go To PostI thought they just pass something preventing the removal of sanctions. Killing the deal. Granted I don't think they have the votes.Right, that's what I mean by affirmative legislation. Again they'd need a 2/3 majority to get through Obama's veto. They won't get that, period. Everyone knows how this ends, so it's just theater at this point.
Let's assume for the sake of argument that they do get a supermajority. The UN resolution still passes, the EU and UN sanctions are lifted, and the deal moves on except it'll be the United States that's not in compliance. Iran would be perfectly happy with that outcome.
There are some Senators who are dumb enough not to care, but there aren't 13 Democrats among them.
By Forever Go To PostThey can't block it. It's not a treaty so they would have to affirmatively pass legislation to kill the deal.
It takes 60 votes to break filibuster. They'd need 6 Democrats. That's not guaranteed, although it might be possible. However, Obama has sworn to veto them if they succeed. To override such a veto they would need 67 votes and 13 Democrats, which they won't get.
Even though they can't block it, them not voting for it makes it a partisan issue (like Obamacare).. That is not good for the country at all.
By cloudy Go To PostEven though they can't block it, them not voting for it makes it a partisan issue (like Obamacare).. That is not good for the country at all.Let history judge them. It's best not to expect anything good out of that party.
This deal is going to make Gas cheap as fuck. A lot of countries (and a few industries) that rely heavily on the pricing of petroleum are going to suffer a major setback in their profits.
Don't forget that McCain received 46% of the vote in 2008 and his plan of attack (literally) was to bomb and invade Iran. Welcome to US politics.
By reilo Go To PostDon't forget that McCain received 46% of the vote in 2008 and his plan of attack (literally) was to bomb and invade Iran. Welcome to US politics.
In so sick of bombing people
By Zeus Ex Machina Go To PostThis deal is going to make Gas cheap as fuck. A lot of countries (and a few industries) that rely heavily on the pricing of petroleum are going to suffer a major setback in their profits.Doubtful. And not for a while when/if it happens.
Time for the dems to push the [true] notion that a vote against the Iran deal is a vote for war with Iran.
By Mamba Go To PostDoubtful. And not for a while when/if it happens.
Time for the dems to push the [true] notion that a vote against the Iran deal is a vote for war with Iran.
A few experts say it could happen in a few months. Keep in mind since America began fracking and investing in alternative Energy. The price for petroleum was already becoming cheap as fuck. This is just going to make the price fall a lot quicker and a lot more permanently (well if you assume Iran keeps its part of the deal) because for the first time since the 70's the developed Western world is going to have access to all that surplus Iranian petroleum hitting the market.
By Zeus Ex Machina Go To PostA few experts say it could happen in a few months. Keep in mind since America began fracking and investing in alternative Energy. The price for petroleum was already becoming cheap as fuck. This is just going to make the price fall a lot quicker and a lot more permanently (well if you assume Iran keeps its part of the deal) because for the first time since the 70's the developed Western world is going to have access to all that surplus Iranian petroleum hitting the market.
Iran has some oil reserves they've been stockpiling, but as far as their normal daily production output possible, they are a ways away. Their shit has basically depreciated and needs a lot of maintenance before it comes back to what it was or past that.
If they do get to near full production, you're talking 3.5-4 million barrels per day. The world is around 90-95 million per day, so you're, at best, talking about 5% or so of the world production by 2020 (if we're closer to 100 million barrels). It will depress prices, but not by that much. As for their oil reserves, the IEA predicts around 200k per day to be released when the time comes, not much out of the total.
It will have an effect on oil prices. But it could take a while til it comes to fruition and it's not like they're suddenly 20% of the market. Their share is nothing to sneeze at but also it won't cause $1.00 gas.
(btw, oil futures haven't really shifted because of Iran so the investors aren't seeing it, yet)
