A letter to Governor Christie on the proposed Rutgers-Camden ...

February 8, 2012 ? 8:57 pm

Dear Governor Christie,

I left London to study creative writing at Rutgers-Camden. In England, Rutgers is well known, and generally assumed to be one of the Ivy League schools. I was willing to cross the Atlantic and settle in south Jersey because of my confidence in the Rutgers name.

That confidence was not misplaced. The creative writing faculty at Rutgers-Camden is exceptional. As well as being excellent teachers, they have published poems in the New Yorker, novels with Random House and Harper Collins, and editorials in the New York Times. And the books they write make money, too, not just headlines. Adam Mansbach wrote the bestselling anti-children?s book ?Go The F*** To Sleep? while teaching here. I went back to England last summer and saw his name in every bookshop window.

The creative writing students at Rutgers-Camden are an equally great asset. They win fellowships and grants, travel the country giving readings of their work, and are dedicated to community outreach: my classmates volunteer in Camden schools and offer free writing classes to local professionals.

The Masters in Fine Arts at Rutgers-Camden is only three years old, but the community we have built is growing in reputation and strength. Already teachers on the Main Line comment to me that the Rutgers MFA is ?hard to get into.? The vagueness, uncertainty, and haste of this planned merger / takeover threatens to ruin all that hard work. Becoming a writer?is a slow process, and we writers seek out such a community because we believe the faculty and students will be around for the next several years, able to offer support while we gradually perfect our craft. Although everyone in Camden welcomes a frank discussion of how to improve the college and the city, this particular solution does not inspire much faith: the promises of increased investment seem unfounded; the losses seem obvious and immense.

Now, I imagine that to many powerful people, the points I have just made will seem laughable. Creative writing doesn?t bring in million-dollar grants; who cares what a bunch of English teachers think? But perhaps one reason for the outrage and panic felt across South Jersey is that these merger proposals fail to offer any sort of a coherent narrative. No detailed and vivid story of hope and improvement has been presented?a story that would feel real and meaningful to the thousands of people who depend upon this college. And while I know that the proposals are still at an early stage, your promise to push them through?whatever they may eventually be?makes you seem quite suspicious. Speaking as a writing teacher, were a student to hand me a story of these events, with you as that story?s main character, I would tell the student: there doesn?t seem to be sufficient motivation for your protagonist?s actions. Either the story needs restructuring, or your character must have hidden motives.

Governor, I?m sure you don?t have any ulterior motives. But had you asked us writers, we could have warned you how your readers would respond. We?re very good at what we do, and we?re not far from Trenton?just an hour on the Riverline. We?d be happy to offer our help.

We are already constructing an outstanding writing department at Rutgers-Camden. Please don?t destroy everything we?ve built.

Yours,

Daniel Wallace

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Source: http://onpinestreet.com/2012/02/08/a-letter-to-governor-christie-on-the-proposed-rutgers-camden-merger/

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Greek minister heads to Brussels with incomplete bailout deal (Reuters)

ATHENS (Reuters) ? Greek leaders failed on Thursday to agree on a reform and austerity program, the price of a financial bailout to avoid a messy default, forcing Finance Minister Evangelos Venizelos to go to the country's financial backers with an incomplete deal.

Venizelos will travel to Brussels later on Thursday, where his fellow euro zone finance ministers had hoped he would present a commitment to make budget savings worth 3.3 billion euros ($4.4 billion) this year.

But after all-night talks with leaders of the three parties in the Greek coalition and with officials from the EU and IMF, Venizelos emerged shortly before dawn to say that one issue remained unresolved.

"I am leaving for Brussels in a short while with the hope that the Eurogroup meeting will be held, and a positive decision on the new program will be taken," he told reporters.

"The financial survival of the country in the coming years depends on the new program ... It is time of responsibility for everyone."

Venizelos did not say what the problem was or why he was not certain the Brussels meeting on the 130 billion euro bailout would go ahead.

A spokesman for the socialist PASOK party said disagreement over pension reform had been the stumbling block.

A senior government official said the party chiefs had agreed on how to make about 90 percent of the promised savings, leaving a relatively small hole in the calculations.

Athens had to close this gap quickly, said the official. "Greece has another 15 days to specify fiscal savings worth 300 million euros," he said on condition of anonymity.

PM HOPES

Earlier, Prime Minister Lucas Papademos said he hoped the party leaders could sort out their differences before the euro zone finance ministers meet at 1700 GMT.

Prospects for a long-awaited deal on Greece's second bailout since 2010 appeared to brighten when the finance ministers' chairman Jean-Claude Juncker called the Brussels meeting - which IMF managing director Christine Lagarde will also attend - to examine the bailout and accompanying bond swap.

On offer from the European Union and International Monetary Fund is a package involving the new rescue funds - which Greece needs to avoid a chaotic default when big debt repayments fall due on March 20 - and a bond swap with private creditors to ease the nation's huge debt burden.

In return, Athens must accept conditions requiring big cuts in many Greeks' living standards. The smallest member of the coalition, the far-right LAOS party, was particularly uncomfortable with the measures.

"The president of LAOS George Karatzaferis expressed serious reservations," said Papademos, a former central banker brought in when a PASOK government collapsed last November.

Panos Beglitis, spokesman for PASOK which is in the coalition along with LAOS and the conservative New Democracy party, said they had disagreed over the level of cuts to supplementary pensions needed to safeguard the pension system.

However, Beglitis told reporters the leaders had agreed to cut the minimum wage by 22 percent as part of efforts to make the economy more competitive. Plans to scrap bonuses paid to private sector workers at Christmas, Easter and in the summer had been dropped.

Two sources close to the Athens talks said the government would promise spending cuts and tax rises totaling 13 billion euros from 2012 to 2015, almost double the seven billion it originally pledged.

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Euro zone in graphics http://r.reuters.com/hyb65p

Interactive crisis timeline http://link.reuters.com/xuw36s

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RELUCTANT LEADERS

International lenders are demanding that the party leaders commit themselves in writing to implement the program of pay and pension cuts, structural and administrative reforms.

Euro zone officials say the full package must be agreed with Greece and approved by EU, ECB and IMF before February 15 so that complex legal paperwork can be completed in time for a bond redemption deadline on March 20.

However, the leaders have been loath to accept the lenders' tough conditions, which are certain to be unpopular with voters. They face parliamentary elections possibly as early as April.

Other elements of the deal have been gradually slotting into place, including the bond swap with private creditors to ease Greece's debt burden by reducing the value of government bonds held by banks and insurers.

The new bonds would have an average interest rate of around 3.5 percent, said state NET TV, with creditors having to swallow a 70 percent cut in the value of their debt holdings.

Ratings agency Standard & Poor's said Greece would probably fail to achieve manageable debt levels if it relied on the 70 percent reduction in the value of bonds held by private creditors, putting the onus on the ECB to take losses too.

With banks and insurers having mostly agreed to take a writedown, Athens and the commercial banks are urging the ECB to forego profits on its Greek bond holdings to help cut the debt to a sustainable level. That could raise 12 billion euros or more.

But ECB policymakers are still divided on what contribution the bank could make to a restructuring of Greek debt, two euro zone monetary policy sources said.

While the ECB has ruled out joining the private creditors in voluntarily accepting losses on its Greek bonds, it could provide indirect relief by renouncing profits from bonds it bought at below face value.

The ECB's 23-member Governing Council, which holds its monthly meeting on Thursday, has yet to agree a position. Some policymakers are reluctant to share the burden for fear of easing pressure on Athens to agree spending cuts. There are also concerns about setting a precedent for other countries.

"There is no agreement yet. Some people on the Council still oppose this," said one monetary policy source, adding that ECB President Mario Draghi had not yet revealed his position.

($1 = 0.7545 euros)

(Additional reporting by Ingrid Melander, Renee Maltezou and Lefteris Papadimas in Athens and Paul Carrel in Frankfurt; Writing by David Stamp and Deepa Babington,; editing by Mike Peacock and Elizabeth Piper)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120209/bs_nm/us_greece

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Don't Eat it: Linked to Cancer and Gets into Your Blood | Health And ...

By Dr. Mercola

In November 2011, about 250 Boulder County residents attended a public meeting to discuss the planting of GM (genetically modified) crops on county-owned land.

Their turnout, together with an anti-GMO (genetically modified organism) recommendation from the county?s Food and Agriculture Policy Council, led county officials to vote for a phase out of genetically engineered crops on open space.

This is a powerful testimony to the influence residents can have on their local regulations when they stand together for a cause; you, too, can work toward enacting such a phase out in your area as well.

Boulder Residents, County Officials Say ?No? to GMOs

Boulder?s Parks and Open Space Advisory Committee voted 5-4 in support of the Food and Agriculture Policy Council?s recommendation to phase out the planting of GM crops on the county?s open space.

Currently, about 16,000 acres of county-owned land are planted with genetically engineered corn; the new rule will mean these crops will be transitioned out in favor of traditional GMO-free farming practices.

The area has been a hot-spot for GMO debate since 2009, when local farmers wanted to plant genetically engineered sugar beets in the county.

Following public outcry, County commissioners delayed the farmers? request. Since then, a local survey showed that 56 percent of Boulder County residents supported a ban on GM crops, and now their voices have been heard. As reported by the Boulder Daily Camera, Parks and Open Space Advisory Committee member John Nibarger said:

?There?s the voters? side of this, and there?s the farmers? side of this ? I think we heard rather strongly ? (that a lot of voters) don?t want to see GM crops.?

Americans Already Eating GM Foods, While Other Countries Have Banned Them

GM corn, soybeans, canola, and sugar beets have made their way into approximately 80 percent of current U.S. processed grocery store items, now that up to 90 percent of several U.S. grown crops are grown with genetically engineered seed. So if you live in the United States, you have most certainly already been exposed to GM foods ? most likely a lot of them.

This is why Boulder?s move to phase out GM crops is such a breath of fresh air, as finally a governing body in the United States is stepping up to protect its residents from this massive, uncontrolled experiment ? a move that has already taken place in other parts of the world, and in four counties in California and a city in Maine.

Genetically engineered seeds are banned in Hungary, as they are in several other European countries, such as Germany and Ireland. Peru is also following the precautionary principle, and has even passed a law that bans genetically modified ingredients within the nation for 10 years.

The issue of protecting farmland from invading GMOs is a serious one, so much so that Hungary recently destroyed nearly 1,000 acres of corn crops because they were found to be mistakenly grown with GM seeds. The discovery that the farmland was planted with GM seeds came when the season was already underway, so the harvest was completely lost.

What would prompt the Hungarian government to take such a drastic step?

Perhaps it is the fact that GM crops simply cannot be contained, and inevitably will contaminate the environment with GM DNA. Or it could be that they do not want superweeds, triggered by the overuse of Roundup herbicide on GM Roundup Ready crops, overtaking their farmland the way they are now doing in the United States. Then again, it could be the unknown threats to human health ? and the fact that new research shows toxins from GM crops are now appearing in human blood ? that made them think twice.

The other, and more serious issue, is the hidden one. Nearly all GM crops are designed with genes to resist a potent herbicide called Round Up or glyphosate.? The newest science is showing that glyphosate is actually FAR more dangerous than people realize. It just is not widely appreciated yet, and the U.S. is spreading massive amounts of it every year. The consequences of this chemical abuse will have profoundly devastating consequences and the longer we wait to remove this toxin the worse it will be.

Either way, they, and a growing number of people around the world, are clearly well educated about the dangers of GM foods ? which is a lesson the U.S. government still needs to learn.

Genetically Engineered ?Pesticide? Toxin Now Found in Human Blood

Upwards of 65 percent of U.S. corn crops contain a special gene added that allows them to produce an insecticide. This way, when bugs attempt to eat the corn they?re killed right away (specifically their stomach is split open) because the plant contains an invisible, built-in pesticide shield.

The particular gene added to most corn crops is a type of Bt-toxin ? produced from Bacillus thuringiensis bacteria. Genetic engineers remove the gene that produces the Bt in bacteria and insert it into the DNA of corn (and cotton) plants. They claim that Bt-toxin is quickly destroyed in human stomachs ? and even if it survived, it won?t cause reactions in humans or mammals ?

But studies are now showing that this is not the case, as Bt toxin is readily passing into the human bloodstream and animal studies have already shown that Bt-toxin does cause health effects in animals, including potentially humans. As Jeffrey Smith, executive director of the Institute for Responsible Technology, wrote:

?Mice fed natural Bt-toxin showed significant immune responses and caused them to become sensitive to other formerly harmless compounds. This suggests that Bt-toxin might make a person allergic to a wide range of substances. Farm workers and others have also had reactions to natural Bt-toxin, and authorities acknowledge that ?People with compromised immune systems or preexisting allergies may be particularly susceptible to the effects of Bt.?

In fact, when natural Bt was sprayed over areas around Vancouver and Washington State to fight gypsy moths, about 500 people reported reactions?mostly allergy or flu-like symptoms. Six people had to go to the emergency room.

? The Bt-toxin produced in the GM plants is probably more dangerous than in its natural spray form. In the plants, the toxin is about 3,000-5,000 times more concentrated than the spray, it doesn?t wash off the plants like the spray does, and it is designed to be more toxic than the natural version. In fact, the GM toxin has properties of known allergens and fails all three GM allergy tests recommended by the World Health Organization (WHO) and others.?

It?s reasons such as this why the precautionary principle should absolutely be used in regard to exposing humans and the environment to GM crops. Unfortunately, it appears Cry1Ab, a specific type of Bt toxin from GM corn, is already quite prevalent in humans; upon testing 69 pregnant and non-pregnant women who were eating a typical Canadian diet (which included foods such as GM soy, corn and potatoes), researchers found Bt toxin in:

• 93 percent of maternal blood samples
• 80 percent of fetal blood samples
• 67 percent of non-pregnant women blood samples

Other potential dangers have also been uncovered, including:

GM peas caused lung damage in mice	Offspring of rats fed GM soy showed a five-fold increase in mortality, lower birth weights, and the inability to reproduce
GM potatoes may cause cancer in rats	Male mice fed GM soy had damaged young sperm cells
Bacteria in your gut can take up DNA from GM food	The embryo offspring of GM soy-fed mice had altered DNA functioning
GM foods lead to significant organ disruptions in rats and mice, specifically the kidney, liver, heart and spleen	Several U.S. farmers reported sterility or fertility problems among pigs and cows fed on GM corn varieties
Bt corn caused a wide variety of immune responses in mice, commonly associated with diseases such as arthritis, Lou Gehrig?s disease, osteoporosis, and inflammatory bowel disease	Investigators in India have documented fertility problems, abortions, premature births, and other serious health issues, including deaths, among buffaloes fed GM cottonseed products

Intense Lobbying Efforts Aim to Keep Americans in the Dark about GM Foods

The food and agriculture biotechnology industry has spent more than $572 million in campaign contributions and lobbying expenditures in just over a decade, according to an analysis by Food & Water Watch. Key among the goals of this intense lobbying effort is to prevent GM food labeling and keep Americans in the dark about the contents of their food. The analysis states:

?The food and agriculture biotechnology industry has been flexing its financial political muscle to ease the regulatory oversight of genetically modified foods. Lobbying efforts for some of these firms and groups have included approval of cloned food and genetically engineered food, animals and livestock.

Companies are also fighting to eliminate or prevent labeling on genetically modified foods in the United States and preventing other countries from regulating genetically modified foods. These efforts have dovetailed with lobbying to tighten intellectual property law protections over patented seeds and animals in attempts to further benefit the biotech industry.?

Over 95 percent of Americans polled said they think GM foods should require a label, stating it?s an ethical issue and consumers should be able to make an informed choice.

Like Europeans, Americans are suspicious of GM foods, and a large part of why many continue to buy them is because they are unaware that they?re already in the food. A prominent GM food label would be a death sentence to U.S. GM crops, which are right now enjoying a free for all when it comes to entering the food market.

Industry lobbying is clearly working, as to date biotech companies have evaded mandatory labeling laws (although a new California initiative may change all of that). They also succeeded in getting GM alfalfa approved, which quite literally threatens the entire organic industry.

A large part of the problem, and one of the reasons why the United States has not taken a precautionary stance the way other countries have, is that the United States Department of Agriculture (USDA) and the U.S. Food and Drug Administration (FDA) are heavily influenced by biotech giant Monsanto. In the first quarter of 2011 alone, Monsanto spent $1.4 million on lobbying the federal government ? and this was a drop from a year earlier, when they spent $2.5 million during the same quarter.

The FDA, the USDA, and the U.S. Trade Representative all have a special set of revolving doors leading straight to Monsanto, which has allowed this transnational giant to gain phenomenal authority and influence, as well as get their genetically engineered crops planted on the lion?s share of U.S. farmland.

?

However, just as changes in Boulder could prove to be a tipping point that begins a trend toward eliminating GM crops from American soil, a 2012 ballot initiative has been launched in California, which will require mandatory labeling of genetically engineered foods and food ingredients ? also an important step toward ultimately eliminating these toxic foods from the market.

You Can Join the Fight Against GMOs

The people of Boulder County have made it clear that they will not tolerate GM crops on their local land; now you, too, can let your opinion be heard. Several organizations, including Mercola.com, the Organic Consumers Association, the Institute for Responsible Technology, and the Environmental Working Group, are working to generate a tipping point of consumer rejection to make GMOs a thing of the past.

Here?s how you can get involved:

In the meantime, the simplest way to avoid GM foods is to buy whole, certified organic foods. By definition, foods that are certified organic must never intentionally use GM organisms, must be produced without artificial pesticides and fertilizers and come from an animal reared without the routine use of antibiotics, growth promoters or other drugs. Additionally, grass-fed beef will not have been fed GM corn feed, although now that GM alfalfa is approved, grass-fed will not always mean GMO free.

You can also look for foods that are ?non-GMO verified? by the Non-GMO Project.

Important Action Item: Support California?s Ballot Initiative to Label GMO?s!

In 2007, then-Presidential candidate? Obama promised to ?immediately? require GM labeling if elected. So? far, nothing of the sort has transpired.

Fortunately, 24 US states have (as part of their state governance) something called the Initiative Process, where residents can bring to ballot any law they want enacted, as long as it has sufficient support. California has been busy organizing just such a ballot initiative to get mandatory labeling for genetically engineered foods sold in their state. The proposed law will be on the ballot for 2012.

Michigan and Washington are also starting similar campaigns.

Since California is the 8th largest? economy in the world, a win for the California Initiative would be a huge step? forward, and would affect ingredients and labeling nation-wide. Last month, a? coalition of consumer, public health and environmental organizations, food? companies, and individuals submitted the California Right to Know Genetically Engineered? Food Act to the State Attorney General. Now,? they need 800,000 signatures to get the Act on next year?s ballot.

I urge you to get involved and help? in any way you can.

If you live in California, volunteer to gather petition signatures. If you live outside of California, please donate to help support this Initiative and spread the word to everyone you know in California. Be? assured that what happens in California will affect the remainder of the U.S.,? so please support this important state initiative, even if you do not live? there!

Source: http://my-healthandfitness.com/health-and-wellness-2/dont-eat-it-linked-to-cancer-and-gets-into-your-blood/

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Replacement Windows To Brighten Your home | Phoenix Glass Repair

The chorus of an old song states ?Let the sun shine in, face it with a grin!? However, if your old windows are murky, you cannot do that extremely well. If your windows are challenging to clean, are outdated, and aren?t energy efficient, then it may be time for home windows replacement in San Francisco. Numerous people may really feel that this kind of home improvement project is fairly pricey and might shy away from it. In the event you appear closely in the price savings that are related with home windows replacement in San Francisco, you?ll see that it is very much worth it and you are able to get an excellent return on your investment.

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You are able to get up to $1500 by making specified home improvements that are considered power effective. Contemporary replacement windows have power ratings to ensure that you can immediately see if they are eligible for this program. With the rebate and also the yearly power savings, you are able to see that you might obtain a rate of return on your investment that approaches 80%. With this kind of savings, you almost can?t afford not to do home windows replacement in San Francisco.

Whenever you think of windows, you most likely have your eye on a few homes that you really like and know that you would like to imitate. This will assist you to as you look via the many styles and colors that are accessible. You can peruse the showroom at a house improvement center to get a great really feel for the styles and colors that are your options.

A windows style consultant will be pleased to help you sort via all of the new choices which are accessible. They?ll also be able to come for an in-home evaluation at no cost to you. This way, you are able to have your current windows measured and get some excellent suggestions on which of the new window types will function greatest for your requirements. When considering house windows replacement in San Francisco, you?ll wish to compare vendors and find the best costs. You will want to ensure that you get correct estimates that include not just the price of the new windows, however the price to remove the old windows as well as the labor costs for the installation from the new ones. By comparing estimates with equal items, you?ll be able to create a good choice. Be sure to keep in mind that expertise is worth more to you than the price.

If a less skilled company provides a lower cost, beware. You want every thing done correct with a project this big, and utilizing a expert business that has performed hundreds of installations will give you the confidence that your home windows replacement in San Francisco will go correct. Soon, you will brighten your house with your new windows.

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Source: http://www.phoenixglassrepair.net/2012/02/07/replacement-windows-to-brighten-your-home/

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Source: http://fatcatlife.com/?p=585

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As tensions over wealth gap rise, the rich are giving more

The top 50 charitable donors gave more in 2011: Are the super rich feeling the sting of public opinion?

The super rich grew more charitable last year, as public opinion of them became less so.

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The 50 donors on The Chronicle of Philanthropy?s annual list of the most generous Americans gave a median of $61 million in 2011, compared with $39.6 million the previous year. Collectively, the philanthropists in The Chronicle?s?rankings lavished $10.4-billion on charitable organizations last year, although a single bequest from the agribusiness heiress Margaret A. Cargill accounted for $6 billion of that total.

The ?ber-wealthy cut those checks against a backdrop of increased scrutiny. The Occupy Wall Street movement and growing concerns about an economic divide have made a target of multimillionaires and billionaires, with mixed implications for their philanthropy. While some fundraisers and philanthropy watchers say the rallying cries of the 99 percent may stir greater generosity, particularly to social-service groups,?The Chronicle?s numbers don?t show a shift in how the rich are directing their giving.

RELATED: Top 5 on Forbes rich list? Bill, Warren ... and Carlos!

David Callahan, a senior fellow at Demos, a left-leaning think tank, says that, historically, wealthy donors have stepped forward when concerns about inequity have flared.

?I don?t think it?s a coincidence that the first great year of philanthropy coincided with the progressive era, in that you had people like Andrew Carnegie and [John D.] Rockefeller recognize that there are big disparities in society and they had themselves been subject to intense criticism,? he says.

But John C. Malone (No. 28 on The Chronicle?s list), the billionaire chairman of Liberty Media, warns that the ?scapegoating? of wealthy individuals might make them more hesitant to give away big money in the public eye, and could even stop them from giving altogether.

?They will either try to do whatever they think is appropriate out of the press, or they will perhaps decide to reallocate their capital,? says Mr. Malone, who last year gave $57 million to Yale University and a public charter-school network.

Melissa Berman, president of Rockefeller Philanthropy Advisors, says the gap between rich and poor is influencing how some wealthy clients think about philanthropy. One new foundation client is zeroing in on human needs in New York, she says, while longtime supporters of education want to ensure their money prepares people for jobs.

But The Chronicle survey shows that the ?haves? of the nonprofit world ? namely the larger, better-known charities ? got the lion?s share of gifts.

Excluding Ms. Cargill?s bequest, 36 percent of the dollars from benefactors on the Philanthropy 50 went to higher education; 35 percent went to private foundations; 15 percent to hospitals, medical centers, and medical research; and 7 percent to museums, libraries, and historic preservation. No Philanthropy 50 donor gave a gift of $5 million or more directly to a social-service group.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/xaehKNV4DxQ/As-tensions-over-wealth-gap-rise-the-rich-are-giving-more

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Iran says oil ban will not halt nuclear work (Reuters)

TEHRAN (Reuters) ? Iran's oil minister said the Islamic state would not retreat from its nuclear program even if its crude oil exports grind to a halt, the official IRNA news agency reported on Saturday.

But he also called on the European Union, which accounted for a quarter of Iranian crude oil sales in the third quarter of 2011, to review its decision last week to bank Iranian oil imports from July 1.

"We will not abandon our just nuclear course, even if we cannot sell one drop of oil," Rostam Qasemi told reporters, according to IRNA.

Tension with the West rose last month when Washington and the European Union imposed the toughest sanctions yet on Iran in a bid to force it to provide more information on its nuclear programme. The measures are aimed at shutting off the second-biggest OPEC oil exporters' sales of crude.

Qasemi said Iran would cut oil exports to some nations in Europe - he did not specify which - in retaliation for the 27-state EU's decision to stop importing Iranian crude.

"Our oil exports will certainly be cut to some European countries ... We will decide about other European countries later," Qasemi told a news conference, IRNA reported.

He urged Europe to reconsider its ban, and said the oil market is in balance now but would be thrown into turmoil without Iranian crude supplies.

"Unfortunately the EU has succumbed to America's pressure. I hope they would review their decision on sanctioning Iran's oil exports," Qasemi said.

"The international crude market will experience turmoil in the absence of Iranian oil with unforeseen consequences on oil prices," he said.

However, analysts say the global oil market would not be greatly affected if Iran were to turn off the oil tap to Europe.

The EU's ban on Iranian oil came after U.S. President Barack Obama signed new sanctions into law on New Year's Eve that would block any institution dealing with Iran's central bank from the U.S. financial system.

If fully implemented, these measures will make it impossible for countries to buy Iranian oil.

ALTERNATIVE CRUDE BUYERS

Brent crude prices rose to near three-month peaks on Friday, partly thanks to oil investors covering short positions ahead of the weekend due to the standoff between the West and Tehran over its nuclear programme.

The United States wants buyers in Asia, Iran's biggest oil market, to cut imports to put further pressure on Tehran, which is scrambling to find new buyers and persuade existing customers to keep doing business with it.

But Iran remains a key supplier for many countries, and some of its major customers are seeking waivers from Washington from the sanctions while they look for alternative sources of oil.

Saudi Arabia, Iran's regional rival, has promised to make up any shortfall in supply.

Iranian officials have said sanctions have had no impact on it, while the country's supreme leader Ayatollah Ali Khamenei threatened on Friday to retaliate against the West for sanctions.

Qasemi also played down the importance of Europe as a market for its exports.

"We have no problem to find other crude buyers to replace the European countries," he was quoted as saying.

The United States and its allies say Iran is trying to develop weapons under cover of a civilian nuclear programme. But energy-rich Iran denies this, saying it needs nuclear technology to generate electricity.

Washington and Israel have not ruled out military action if diplomacy fails to resolve the standoff. Iran has warned of firm retaliation if attacked, including targeting Israel and U.S. bases in the Gulf and closing off the vital oil shipping route through the Strait of Hormuz.

But Qasemi played down the possibility of Iran blocking the crucial waterway.

"Iran is not after tension, and closure of the Strait is a politically motivated issue," he said.

Isolated Iran is also facing problems over the price it charges neighbor Turkey for its natural gas exports. Turkey said on January 31 that it was taking Tehran to international arbitration over the matter.

Qasemi rejected Ankara's complaint that the price was too high. "Iran surely cannot decrease its natural gas price (for Turkey) without legal authorization," he said.

Iran exports 10 billion cubic meters of gas each year to Turkey, making it Ankara's second-biggest supplier after Russia.

(Additional reporting by Hashem Kalantari and Mitra Amiri, Writing by Parisa Hafezi, Editing by Jonathan Thatcher and Hugh Lawson)

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/nm/20120204/wl_nm/us_iran_oil_eu

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