Thursday, December 05, 2013

Iran Vows to Produce as Much Oil as Possible

Indirect Challenge to Saudi Arabia 

Iran says it is determined to produce as much oil as possible, even if the price of crude, which is now around $100 per barrel,  drops to $20 per barrel. 

A dramatic decline in the price of oil would threaten the stability of Saudi Arabia and provide welcome relief to oil-importing countries--and oil consumers--around the world. 

Iran could effectively create a global constituency of supporters … while continuing to build ICBMs and secretly amassing an arsenal of dirty bombs (if not nuclear bombs and warheads).