Oil refiners have stopped buying oil from Iran, this was the headline today. Well really just on the spot market. Two thirds of the Iranian oil that refiners buy is on long term contract, and they won’t give that up unless forced to by an EU embargo. China continues to buy oil and doesn’t accept anybody else’s opinion on the matter.
They have been buying less Iranian oil lately, but this is reportedly because of a pricing dispute. Since 2/3 of Iran’s oil goes to the far east, it sounds like Iran’s only problem is getting full price. The price is going up thanks to the US pressure on countries to not to buy from Iran, so they could end up getting just as much for their oil as now, or more.



The more astronomers look for other worlds, the more they find that it's a crowded and crazy cosmos. They think planets easily outnumber stars in our galaxy and they're even finding them in the strangest of places. And they've only begun to count.
As previously reported, while people were de-stressing and enjoying their much needed time off during the holidays, the United States Department of Agriculture announced its approval of Monsanto’s ‘drought tolerant’ genetically engineered corn. The decision to give the green light to Monsanto regarding their GE corn didn’t seem too difficult for the Obama Administration, despite receiving nearly 45,000 public comments voicing opposition and only 23 comments in favor since comments opened. Prepare to see this new GE corn unleashed into the environment as well as the American food supply.





























