Chris Kanthan
Sott.net
Forget the hullabaloo about Iran's nuclear program - Netanyahu and the Neocons have been screaming about the imminent demise of the globe by Iran's non-existent nukes for more than twenty years. The truth is that Iran is in the cross hairs of Western imperialists for four main geopolitical reasons:
Oil competition
In terms of world's proven reserves, Iran is #4 in oil and #2 in natural gas. Thus, a free Iran will endanger Saudi Arabia's role as the #1 oil producer.
To give some historical context, the only reason that Saudis are so rich now is that Iran has been virtually isolated since 1979 by crippling US sanctions. For decades before that, Iran was #1 in oil production and refining, but everything changed when the Saudis colluded with the international financiers to create the oil-for-dollar ("petrodollar") scheme in the 1970s during the dollar crisis. In return, Western imperialists turned Iran into a global pariah. Thus, in 1970, Iran was producing more oil than Saudi Arabia; however, in 1980, Saudis were producing six times more oil than the Iranians!
A resurgent Iran will also mean competition to US oil and shale companies which have been ramping up production since 2011 (when Libya was destroyed!).
Read more
Sott.net
Forget the hullabaloo about Iran's nuclear program - Netanyahu and the Neocons have been screaming about the imminent demise of the globe by Iran's non-existent nukes for more than twenty years. The truth is that Iran is in the cross hairs of Western imperialists for four main geopolitical reasons:
Oil competition
In terms of world's proven reserves, Iran is #4 in oil and #2 in natural gas. Thus, a free Iran will endanger Saudi Arabia's role as the #1 oil producer.
To give some historical context, the only reason that Saudis are so rich now is that Iran has been virtually isolated since 1979 by crippling US sanctions. For decades before that, Iran was #1 in oil production and refining, but everything changed when the Saudis colluded with the international financiers to create the oil-for-dollar ("petrodollar") scheme in the 1970s during the dollar crisis. In return, Western imperialists turned Iran into a global pariah. Thus, in 1970, Iran was producing more oil than Saudi Arabia; however, in 1980, Saudis were producing six times more oil than the Iranians!
A resurgent Iran will also mean competition to US oil and shale companies which have been ramping up production since 2011 (when Libya was destroyed!).
Read more
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