As international attention focuses on Iran, everyone's shared assumption is that it's a huge and rising danger, thanks to [cue ominous music] the power of oil. And indeed, with so much oil, why would it need to build nuclear power plants? Clearly those are for weapons. Fear Iran! Nay, invade it, quick, before it eats our children!
Well, via Matt Yglesias, I find this piece in the Washington Post drawing attention to a new study of the Iranian oil industry by Roger Stern, an economic geographer at Johns Hopkins University. According to Stern ...
... the Iranian oil industry is actually in something of a death spiral. Iran has been missing its OPEC quota of late, and while high oil prices have masked the decline by keeping revenue up, production has been declining. Higher domestic energy demand in Iran combined with difficulty in attracting foreign investment and other economic problems, he argues, make a rapid decline in oil exports likely -- ending in the "extinction" of Iranian oil exports in 2014-15.
Oh, well.
What does Stern think we should do?
Essentially, Mr. Stern concludes that if the United States can "hold its breath" for a few years it may find Iran a much more conciliatory country.
You mean ... not invade? Appeaser!
(Of course, the thought of a dying, flailing, nuclear-armed Iran isn't exactly a lullaby either ...)
Comments
View as Flat
Zarkov Posted 7:45 pm
02 Jan 2007
Destabilizing Iraq was a godsend for Iran.
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froggy Posted 11:19 pm
02 Jan 2007
froggy
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Tom Philpott Posted 1:04 am
03 Jan 2007
Victual Reality
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amazingdrx Posted 1:13 am
03 Jan 2007
Wolfi ready to fund soylent plants all over the developing world! The younger the food source the less contaminated it is.
Obvious why they sent him to run The World Bank. Organ sales alone will make the Carlyle Group richer than gaawd.
http://amazngdrx.blogharbor.com/blog
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bookerly Posted 7:08 am
03 Jan 2007
Of course, the thought of a dying, flailing, nuclear-armed America isn't exactly a lullaby either ...
(grin)
patrick
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