Iran is in the news a lot these days. Most notably for their intent to develop Nuclear Weapons Power, but also because of their support of terrorists in Iraq, Lebanon, and Palestine.
Now, According to the Washington Post , Iran’s Oil production is suffering from a lack of reinvestment:
(Roger Stern, an economic geographer at Johns Hopkins University) said oil production is declining and both gas and oil are being sold domestically at highly subsidized rates. At the same time, Iran is neglecting to reinvest in its oil production.
Iran produces about 3.7 million barrels a day, about 300,000 barrels below the quota set for Iran by the Organization of Petroleum Exporting Countries. The shortfall represents a loss of about $5.5 billion a year, Stern said. In 2004, Iran’s oil profits were 65 percent of the government’s revenue.
So here’s the deal: The UN Security Council bans Iranian Oil Sales, until they agre to halt their Nuke program. Of course, President Ahmedina-whackjob will REFUSE. At which point we take out their Oil production and refining capacity.
No more money for Hamas, Hizbullah, Iraq Terrorists, CAIR, or any other Terrorist affiliated organization. Well, maybe not CAIR, but who knows, I haven’t seen their books.
In the big picture, we are only talking about taking 2.5 Million barrels a day of production off line. This could easily be made up by the other Gulf states that are currently shaking in their boots over Iran and its puppets in the region.
Just a happy though for the holiday season…