oil and that is a pretty impressive list from india to belgium and britain and fans and germany, there is greece, and italy as well as japan and spain but, look at this number: china. 22% of iran s oil is going to china. and there are no signs they are turning the spigot off. what does that mean? well, they are still in discussion, the u.s. is still in discussion with china about whether they ll grant a waiver. i think it is almost inevitable that china will not be brought under these sanctions. the waivers are for six months to take us just past the american elections in november, how convenient and that means the american sanction will not kick in despite the reductions in purchases of iranian oil, at least in official statistics. our sanctions will not take effect. now, when you combine that with the weakening of europe s resolve because of its financial difficulties, i think iran is in a pretty strong bargaining
hand thl sort of moisture. we expect the rains to continue in southern nevada for another 12 hours, potentially steadily. flash flood watches and warnings are out now for southern parts of nevada and eastern parts of southern california with this system that s about to push through. i think once we get through tonight then we will suturn the spigot off. we have got a number of winter storm warnings that are posted. could see one to four feet additionally across an area that has already seen three and four feet. that is great news for skiers already out there. avalanche danger is certainly high. eastern half of the country not looking bad at all. seasonably cool and precipitation levels will be high. so at least right now we re