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Posts tagged “iran”

By Robert Rapier on Jan 31, 2008 with no responses

Future Reserves

Just going through some files on my hard drive, and I ran across the following story. Unfortunately, I don’t have the source. But it’s an interesting look at where projected future oil reserves are expected to come from. It also reinforces the difficulty that the international oil companies are going to have replacing their reserves – as most of the remaining reserves are in the hands of national oil companies. Who Will Supply the World? Africa The continent has about 10 per cent of proven global oil reserves and 8 per cent of the world’s gas. The biggest oil producers are Nigeria, Algeria, Libya and Angola, which account for roughly three- quarters of Africa’s oil production. West Africa has become… Continue»

By Robert Rapier on Jan 16, 2008 with no responses

Which Country Is It?

And the answer is: Iran. Those pictures are from the Dizin ski resort north of Tehran. One of the engineers in my group came back from the holidays and told us that the Tehran Airport had been closed for 3 days due to snow. He also forwarded those pictures, which are almost certainly atypical of the U.S. image of Iran. The initial answers confirmed that: Answers of Norway, UK, Canada, Russia. But it wasn’t long before the right answer popped up. Officially, the first mention of Iran was by “Ben”, and then “Hawkshaw” suggested that it could be Dizin. “KingofKaty” matter of factly stated that it was Dizin, and then the cat was pretty much out of the bag. And… Continue»

By Robert Rapier on Nov 26, 2007 with no responses

The OPEC Showdown

It has been clear for some time that OPEC members are deeply split over whether $100 oil is good for them in the long-term. Saudi Arabia, having been in this game a long time, probably understands better than most the effect that high oil prices will have. While short-term gains will be great, ultimately economies will falter and demand for their product will be destroyed. Iran and Venezuela, on the other hand, probably couldn’t care less whether the U.S. economy chokes on these prices. The Financial Times covers the impending showdown: Opec rivals in sequel to oil production drama The Opec summit show is over and the performers have left town. But the preparations for Act Two, the meeting of… Continue»

By Robert Rapier on Oct 5, 2007 with no responses

We Will Not Attack Iran

That the U.S. will attack Iran seems to be the conventional wisdom. I see a lot of people speculating that we will. Today, another article was published suggesting that high oil prices might lead us to do it: Soaring oil prices could trigger a US attack on Iran Indeed, Iranian leaders have so far brilliantly manipulated the US difficulties in Iraq, the deteriorating popularity of the US President George W. Bush at home, and their carefully knitted regional alliances to get the Americans to think twice before attacking them. They have also used the rising oil prices as a tool to expand their influence throughout the region. These same factors could, however, act as a double-edged weapon. For exactly the… Continue»