October 11, 2012

SPENGLER: The Horizon Collapses In The Middle East. “Just when Iran most needs hydrocarbon revenues, its oil output will decline sharply. Natural gas exports can offset the decline to some extent, but not entirely. Iran’s only chance of survival lies in annexing oil-rich regions on its borders: Bahrain, Iraq’s Basra province, parts of Azerbaijan, and ultimately Saudi Arabia’s Shi’ite-majority Eastern Province. That is why Iran needs nuclear weapons.”