A Comment About

Iran’s Oil Woes Threaten the Mullahs

September 26, 2008 - 12:20 am - by Meir Javedanfar
PAUL
2008-09-29 23:28:36

Two final things, first Iran’s inflation has far outpaced its growth in GDP which is why Iranians in Iran are seeking hard assets. Secondly its time to get real about our energy problem, clean coal is reasonable but relatively expensive, nuclear power will take at least 6 more years to have an effect even with the plants that are being built (which should be done in 4 to 5 years) but if no state wants to take on the nuclear waste it won’t get any INVESTMENT money, and lastly drilling is a offshore drilling is a shameless attempt by oil companies to maximize profits (cuz it’s cheaper to drill there) while having ZERO effect on crude oil prices. The oil hope for drilling is to find a large natural gas reserve which would still need the US to changing its energy infrastructure to support liquified natural gas (to transport it, to liquify it, to make new cars run on nat gas without modification, etc).