posted on Dec, 27 2006 @ 02:38 AM
I couldn't find a topic on this. If there already is one, please give me the link.
Anyway I heard that Iran may run out of oil available for export in as early as 8 years and their oil will have to be used for domestic used which is
heavily subsidized which will really cut down on a big revenue source for Iran's government. Oil revenue provided 65 percent of Iranian government
revenue in 2004.
This sounds like a good news bad news story. The good news is we can hopefully just wait a few years and Iran should be acting nicer towards the
west. Anyone see any flaws with the prediction Iran will be out of exportable oil by 2015?
The bad news is this should send the price of oil a lot higher if we don't have altenative fuels available soon. It would mean the world oil markets
lose over 3 million barrels of oil a day in 8 years. Anyone know what the price of oil would be if you took that amount off the market today?
[edit on 27-12-2006 by orionthehunter]