a current event
article
by A study conducted by the National Academy of Sciences reports that Iran’s oil profits are dwindling despite growing worldwide demand. Earning $50 billion annually for exporting what has been its lifeblood since 1920, Iran is experiencing a regular 10% decline in oil profits. The heart of the matter appears not to be one of capacity, as Iran possesses the world’s second largest reserve of conventional crude. Rather, Iran’s inability to meet the export quota established by OPEC betrays what appears to be a lack of investment into production capability.
Similarly tagged OmniNerd content:
- Iran and Russia Up the Ante, by VnutZ over 2 years ago
- Discover the Networks, by PowerPointSamurai over 2 years ago
- Iran Declares CIA, U.S. Army 'Terrorist Groups', by mikeforbes over 2 years ago
- The Return of Russia as a Superpower, by VnutZ over 2 years ago
Print Friendly
Write an Article
Great!! by Anonymous :: NR0 :: Show
Wonderful. Maybe this situation will make Iran more likely to deal. They’ve got sanctions agaisnst them now, maybe some more will make an impression if their economic outlook is bleak.