Oh No, Israel indirectly gets oil from Iran!

The Jerusalem Post is reporting that Israel cannot be sure that it is not receiving oil from Iran. Here are their words:

“Having adamantly denied for months that Israel could possibly be purchasing any oil originating in Iran, an Israeli official has now acknowledged that the Jewish state cannot be sure that Iranian oil is not coming here indirectly, and a former Israeli energy minister has told The Jerusalem Post that Iranian oil may have been imported indirectly for years and that he would have readily authorized such purchases himself.”

Trade fosters peace, why are people worried about this? If Iran decided to bomb Israel they would be taking out it’s own costumer.

This is my favorite part:

“In my time, people came to me and said we had the opportunity to buy oil from all kinds of exotic locations – including Libyan oil or Syrian oil – countries with whom we obviously don’t have normal relations,” said former Labor MK Shahal, now a lawyer in Tel Aviv. “I approved those purchases, because it was good oil, and it wasn’t coming directly from the governments of those countries, but from private sellers on the free market.”

Mr. Shahal somewhat understands economics because he knows that if he were to try to deny oil from Iran it would just be costly and only raise the price. This wouldn’t even do a thing to Iran because they could easily find another buyer. Trade = Peace, but don’t believe me believe Milton Friedman:

Published in: on June 18, 2008 at 6:03 pm  Comments (3)  
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3 CommentsLeave a comment

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