Iran Lawmaker Admits: Sanctions Caused 45% Drop In Oil Revenue

Abadan Oil Refinery— by David Streeter

The AP reported that an Iranian lawmaker admitted that the international sanctions movement led by President Barack Obama has caused a devastating 45% drop in Iran’s oil revenue. According to the AP:

Iran’s revenues from vital oil and gas exports have dropped by 45 percent because of sanctions over its suspect nuclear program, a senior lawmaker said Monday, a clear admission that sanctions over Iran’s suspect nuclear program are having a severe impact. […]

Gholam Reza Kateb, head of the parliament’s budget committee, said oil exports have dropped 40 percent in the last nine months compared to the corresponding period last year. He said banking sanctions also contributed to the 45 percent reduction in revenues.

After the jump: Newly-Appointed Senate Comissioner Rand Paul Wants to See “Gradual” Cuts to Israel’s Aid‏.

Iran is under U.N. sanctions and Western oil, banking and trade restrictions over its refusal to halt uranium enrichment, which is a potential pathway for nuclear weapons development. The U.S. and its allies believe Iran might be on a path toward producing nuclear bombs. […]

Crude oil exports account for nearly 80 percent of Iran’s foreign revenue.

Kateb said details of the steep revenue drop emerged Monday in a report by Oil Minister Rostam Qasemi to the parliament on the status of crude oil and liquid gas sales.

‘On the basis of the report, oil sales are down 40 percent and income has dropped 45 percent in the last nine months,’ Kateb was quoted by the semiofficial ISNA news agency as saying. […]

The government is already facing a cash crunch from the drop in oil revenues as a result of Western sanctions that Iran calls it an ‘economic war.’ […]

In another sign of the effectiveness of the sanctions, most flights operated by Iranian airlines to domestic and international destinations have been cancelled because of unpaid debts. […]

Iranian airlines nearly doubled prices of plane tickets in November because of higher fuel prices and the plunging value of the Iranian rial against foreign currencies.

Senator Rand Paul Wants to See “Gradual” Cuts to Israel’s Aid‏Rand Paul in Louisville
On his current trip to the Middle East, Senator Rand Paul (R-KY) — who is among the newest members to the Senate Foreign Relations Committee — said that he would like to see “gradual” cuts to Israel’s aid.

The Jerusalem Post reported (emphasis added):

[Senator Paul] said he favored a gradual reduction of US foreign aid, which he said stands at approximately $30 billion a year.

About $3b. goes to Israel annually in military aid, 74 percent of which must be spent in the US.

‘I’m all for gradualism,’ he said. ‘I would start a little more quickly with those who are enemies of Israel, and enemies of the US. I would like to see their aid end more quickly. With regards to Israel, it could be a gradual phenomenon.’

“As we’ve said many times before, Senator Paul’s misguided views on aid to Israel are plain wrong and do not reflect the myriad benefits that come from American assistance to Israel,” said NJDC President and CEO David A. Harris.

As we predicted on Friday, Paul’s appointment to the Senate Foreign Relations Committee would give him a bigger platform from which to spout his radical views. It appears that we were correct — and pro-Israel Republicans are utterly failing to intervene. Now is as good a time as any for them to take a stand against Paul’s dangerous vision for Israel’s aid — as many pro-Israel Democratic senators did when he first started pushing for cuts to Israel’s aid.

Increased Sanctions Continue to Pressure Iran’s Economy

— Max Samis

It has been several weeks since President Barack Obama first increased sanctions on Iran, effectively cutting off Iran’s central bank from the global economy. To this point, the evidence is overwhelming that these sanctions have had a strong effect on Iran’s economy and government.

Previously a major importer of steel, Iranian steel traders have found their business “grinding to a halt.”

More after the jump.
According to Reuters:

Iranian buyers cannot obtain dollars or euros, forcing them to offer letters of credit in alternative currencies such as the Indian rupee, Korean won and Russian rubles.

Most steel traders, wary of currency risk and taxation issues, are not willing to accept this form of payment.

‘Now you can really feel the effects of the sanctions imposed by the U.S. and Europe…It is very difficult to do any business with Iran at the moment,’ a steel trader at a Swiss metals trading house said.

Perhaps even more importantly, the Iranian oil flow has taken a massive hit. Reuters wrote:

Iran could be forced to place unsold barrels into floating storage or even shut in production in the second half of this year, the IEA said on Friday in its monthly Oil Market Report.

‘International sanctions targeting Iran’s existing oil exports do not come into effect until July 1, but they are already having an impact on crude trade flows in Europe, Asia and the Middle East,’ it said.

‘Although there are five months before restrictions on existing contracts take effect, European customers have already curtailed imports of Iranian crude and Asian buyers are lining up alternative sources of supply,’ the IEA said, adding that European customers were likely to look to Russia, Iraq and Saudi Arabia for replacement barrels.

Bloomberg added that owners of over 100 supertankers have now said they will stop loading oil supplies from Iran.

In an interview with Haaretz, Dennis Ross, Obama’s former Middle East advisor, stated that ‘The fact is [Iran’s] currency has devalued by half in the last six weeks… I’d say sanctions are working, if that’s the case.’ Haaretz wrote:

These sanctions, Ross said, are the crippling sanctions Israel has called for, and can affect Iran’s behavior. When the Iranians feel they are under sufficient pressure, they look for a way to reduce it, Ross said, and right now they are under pressure they have not been under before. ‘It’s not an accident that suddenly they want to meet with the P5 +1,’ Ross said, referring to the forum of five permanent members of the U.N. Security Council plus Germany.

Ross also stated his belief that sanctions are forcing Iran to the negotiating table in an op-ed in The New York Times. Ross wrote:

Iran cannot do business with or obtain credit from any reputable international bank, nor can it easily insure its ships or find energy investors. According to Iran’s oil ministry, the energy sector needs more than $100 billion in investments to revitalize its aging infrastructure; it now faces a severe shortfall.

New American penalties on Iran’s central bank and those doing business with it have helped trigger an enormous currency devaluation. In the last six weeks, the Iranian rial has declined dramatically against the dollar, adding to the economic woes Iran is now confronting…

Now, with Iran feeling the pressure, its leaders suddenly seem prepared to talk. Of course, Iran’s government might try to draw out talks while pursuing their nuclear program. But if that is their strategy, they will face even more onerous pressures, when a planned European boycott of their oil begins on July 1.

As sanctions continue to take effect, international pressure will only continue to increase against Iran’s nuclear program.  

Yet More Profitable Companies Avoid Paying Any Taxes


From 2008-2010 Verizon did not pay any federal corporate income taxes, despite billions in profits. According to Citizens for Tax Justice’s new report, Facebook is raking in many extra millions because of tax loopholes that let them pay nothing. Share this graphic on Facebook if you agree that this is outrageous.

Four Jewish Summer Camps Sell “Fracking Rights”


Camps Endanger Drinking Water, Food, Health & Climate

— by Rabbi Arthur Waskow

The Forward reported that the following four Jewish summer camps in Pennsylvania have signed leases with gas exploration companies to allow “fracking” —  the hydro-fracturing method of pouring tons of highly chemicalized water to smash shale rocks into releasing natural gas.

  • Starlight’s Perlman Camp, which is owned and operated by B’nai B’rith;
  • Camps Nesher and Shoshanim, which share a property in Lakewood and are owned and operated by the New Jersey Federation of YMHA and YWHA; and
  • Camp Morasha, an independent camp in Lakewood.

The Forward reports that

Fracking of a single well creates more than one million gallons of wastewater awash in pollutants, including some radioactive materials.  According to a February report in The New York Times, state and federal documents show that the waste water is sometimes hauled to sewage plants not designed to treat it and then discharged into rivers that supply drinking water.

The Shalom Center views it as a profound violation of Jewish wisdom and values for summer camps or other Jewish institutions to sell the rights to use their land in ways that will poison  God’s and humanity’s earth, air, food, and water.

More on actions you can take to halt this after the jump.
Normal Federal protections for drinking water and clean air have been thwarted by the Halliburton Loophole pushed through Congress by former Vice-President Dick Cheney. It prevents application of these protective rules to drilling by the gas and oil industries. As a result, no one knows what chemicals are causing the dangers to water, food, and health that are appearing in fracking areas.

Fracking has turned the drinking water of farmers near well-heads into “water” that turns to flame when a match is lit at the kitchen faucets.

Fracking threatens the drinking water supply of the Philadelphia and New York  City metropolitan areas, and has been charged with raising cancer rates in communities near fracking sites.

Fracking is also a planetary threat. Scientists at Cornell University have analyzed fracking and report that it leaks methane, a planet-heating gas much more  powerful than CO2, at such a rate that  “if you do an integration of 20 years following the development of the gas, [fracking] shale gas is worse than conventional gas and is, in fact, worse than coal and worse than oil.”

On September 7-8, the national commercial association of companies that are  fracking shale rock regions will gather for a national convention in Philadelphia.

So environmental organizations are planning to face the “Fracking Association” with major demonstrations on September 7-8. The goal is at least 2500 demonstrators, with a rally, a march, a counter-conference, and a “Blessing of the Waters.”

The Shalom Center has taken the lead in bringing together an interfaith planning committee to put together a “Blessing of the Waters” as part of the Sept 7-8 arrangements.

We invite religious folk, clergy and lay, who want to take part in these events to get in touch with us by writing Rabbi Arthur Waskow with “Interfaith Blessing Waters” in the subject line.

The two-day anti-fracking event will include: a large rally near the Philadelphia Convention Center from  noon to 2 pm, Wednesday September 7; a march through Philadelphia to Gov Corbett’s office that day; an interfaith “Blessing of the Waters” at Penn’s Treaty Park on the Delaware River at 5:30 pm;  and on Thursday, an all-day conference to plan strategy to stop fracking, to be held at Rodeph Shalom Congregation in down-town Philadelphia.

Fracking is currently under a moratorium in parts of New York State. New Jersey has just outlawed it. Wells have been drilled in parts of Pennsylvania. The Delaware River Port Authority has imposed a moratorium that may expire in September.

What you can do to stop fracking:

  • Call your child’s summer camp to urge they reject any leases or plans that might allow fracking.
  • Call  Daniel S. Mariaschin, Executive Vice President of B’nai Brith International, at (888) 388-4224 (toll-free) or 202-857-6600, about Camp Perlman, and Leonard Robinson, exec of the New Jersey Y Camps, who has decision-making power over those camps,  at (570) 296-8596..
  • Sign the petition for a national ban on fracking.
  • If you live in New York State, call Governor Cuomo at 518/474-8390 and urge him to ban fracking throughout New York State. In Pennsylvania, call Governor Corbett at 717/787-2500 with the same demand.
  • Call your members of Congress and tell them to pass the FRAC Act to repeal the “Cheney-Halliburton” exemption for hydrofracking from environmental laws.
  • Show the documentary film Gasland in your community. It documents the dangers of fracking. DVD’s are available on the Gasland website.
  • Save the dates of September 7-8 to attend the interfaith events on fracking in Philadelphia.  Click here for more information.
  • See our article for background.
  • Prepare to use Shabbat Noach, October 28-29, when Jews read the biblical story of the Flood, the Ark, and the Rainbow, as a time to address fracking and other threats to our planet, and act to heal our Earth in the spirit of the Rainbow.

I talked with Leonard Robinson, director of the New Jersey YH-YWHA summer camps (which are located in Pennsylvania). He gave four arguments for the leases:

  1. The issue is “bigger than we are,” he said. This meant that whether the Delaware Bay and River authorities clamp down on fracking will make a difference, and the camp is essentially helpless.
  2. Moreover, the camp’s neighbors were leasing their land and since the gas drilling/fracking may do damage beneath the earth’s surface horizontally across ownership lines, better they should make their own deal that might protect the camp’s land better than not leasing.
  3. The camp made a lot of money from the lease.
  4. The lease was agreed to two years ago, when the camp had much less information than it does now about the dangers of fracking. “Now, we can’t just cancel the lease.”

I responded thus:

Of course the issue is bigger than the camp. When big institutions are attacking Jewish values, the question is whether to surrender because they are more powerful or organize to stop them —  including, in this case, to reach out to the neighbors and work with them against the fracking companies.

I mentioned the San Francisco case where some people are organizing a referendum to outlaw circumcision of children. The official Jewish community could have decided the issue was “bigger” than they were – too big to fight – and surrender (even maybe having mohelim make a deal for a buy-off to replace their lost income) or instead, choose to fight. They chose to fight, because circumcision was seen as a core Jewish value. Are clean water, air, and food, and the healing of our climate crisis, the protection of God’s Creation, a core Jewish value or not? In “Jewish identity-building” of campers, what are they taught about Jewish values and the Earth?

As for the inviolability of leases agreed to two years ago, I pointed out to Mr. Robinson that it MIGHT be argued that if the fracking companies withheld information they had two years ago about the poisonous chemicals they are adding to the fracking water, and in other ways misled the camps and other lessees, that the leases might be voidable.

So I encourage you to call Mr. Robinson at (570) 296-8596, and urge him to take all necessary steps to void the existing leases, to make no new ones, to make protection of the Earth and of human health a clear Jewish value taught in his camps, and to join with The Shalom Center and others in the Jewish and  broader American communities to convince state governments to outlaw fracking, as the State of New Jersey has just done.

My conversation with Mr.Robinson makes clear that this issue goes beyond the four camps that have already leased land for fracking. It raises the basic question whether Jewish camping, which is widely  said to be intended to strengthen Jewish knowledge, practice, and values among young people, can actually enhance – instead of betraying –   its unusual opportunity of making connections between Jewish values and the healing of relationships between adam and adamah, the earthy human race and the Earth itself.

There are hundreds of such camps, sponsored by the Reform, Conservative, Reconstructionist, and various Orthodox denominations, by Habonim Labor Zionists and by Young Judea, by many Federations and other Jewish organizations.   There is even a Foundation for Jewish Camp, 15 West 36th Street, 13th Floor, New York, NY 10018 ; Phone: 646-278-4500, whose CEO is  Jeremy J. Fingerman, 646-278-4505.

Among these many camps, there is at least one,  Eden Village Camp in Putnam Valley, NY (877) 397-EDEN (3336);  which was founded explicitly to renew the Jewish connection with the Earth. Its program to do this is both extraordinary and exemplary.

The Shalom Center intends to pursue both our efforts to end any practices that subvert the Jewish value of healing God’s creation, and our efforts to strengthen those program that support that value as a core commitment of Judaism and the Jewish people.


Rabbi Arthur Waskow, director, The Shalom Center; newest book, co-authored with R. Phyllis Berman, is Freedom Journeys: The Tale of Exodus & Wilderness across Millennia.