US legislation designed to punish foreign energy companies that do business with Iran was overwhelmingly adopted by a powerful committee of Congress Tuesday.
The foreign affairs panel of the House of Representatives passed the proposed law by 37 votes to one, with Democrats and Republicans alike accusing Iran of using energy investment to fund its nuclear drive and "terrorism."
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So now the government is going to tell non-U.S. oil companies that they can't do business in Iran even with an Administration waver. "Foreign investment in Iran equals money for terrorism and attacks on Americans," according to Democrat Gary Ackerman. This is absolute nonsense and shows that the Democrats as well as the Republicans in Congress are supporting the Neo-Con agenda. Read this story and weep.
Ah! We can't let the Europeans and Japanese get all that business! I wonder if the administration has also pushed to close the loophole that allows US companies to establish offshore entities to avoid these pesky sanctions? No? I thought not. Wonder why the story didn't mention whether yesterday's rationing in Iran was connected to this? Seems a fairly substantial oversight.
there is too little context in this story to know what it means. '....punish foreign energy companies..' doesn't quite mean the same as 'tightening sanctions to give diplomacy...success against iran.'
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