By Micah Halpern
I've Been Thinking:
US Secretary of State Hillary Clinton is spending Sunday and Monday in India. According to an aid travelling with her, at the top of the agenda is convincing India to reduce their import of oil from Iran.
This is a very noble task. It is also herculean and an almost impossible feat to accomplish.
Of course, India will agree to curtail or limit or reduce or all of the above their import of oil from Iran - but they cannot.
India is an economic beast, they are the second largest nation in the world with well over a billion people - and they need oil.
Anytime extra oil pops up on the open market India gobbles it up.
This is a clear example of ideas coming into conflict with reality. India favors isolating Iran but they need the oil and cannot risk a lull. So India will continue to quietly import their oil from anywhere, including Iran.
US Secretary of State Hillary Clinton is spending Sunday and Monday in India. According to an aid travelling with her, at the top of the agenda is convincing India to reduce their import of oil from Iran.
This is a very noble task. It is also herculean and an almost impossible feat to accomplish.
Of course, India will agree to curtail or limit or reduce or all of the above their import of oil from Iran - but they cannot.
India is an economic beast, they are the second largest nation in the world with well over a billion people - and they need oil.
Anytime extra oil pops up on the open market India gobbles it up.
This is a clear example of ideas coming into conflict with reality. India favors isolating Iran but they need the oil and cannot risk a lull. So India will continue to quietly import their oil from anywhere, including Iran.
Micah@MicahHalpern.com
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