Jim Inhofe: “first of all, I think we, all of us, late in the week, are on a timeline. I have a very significant piece of…”

“first of all, I think we, all of us, late in the week, are on a timeline. I have a very significant piece of legislation, S. 965, called the Iran Sanctions Implementation Act. I spent a long time on the floor yesterday talking about this. It occurred to me it is a little bit complicated. The longer we talk about it the more complicated it gets. I have shortened it. Let me make a couple of brief comments about where we are today in relationship to Iran and some of the other countries in the Middle East, and a solution to which everyone can agree to the problem that is there. First of all, 70 percent of Iran's revenues come from their export of oil. What we have done successfully is had some modest means of reducing that, so we have actually cut their amount of exports in half over the last 4 or 5 years from 2.5 million barrels of oil a day to 1.25 million barrels of oil a day. That amounts to 70 percent of the resources, the revenue that Iran has. What do they do with their revenue? First of all, we recognize something that people do not like to talk about; that is, our own intelligence says, and has said since 2007, by 2015 Iran will have a weapon and the delivery system for that weapon.…”