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Wed May 9, 2018, 12:38 PM

DKOS: Iran Has More Oil Than Saudi Arabia

Last edited Wed May 9, 2018, 03:03 PM - Edit history (1)

The dailykos article linked below includes a ton of under-reported information bringing some context to where we are today regarding Iran. The writer includes some interesting perspectives, connecting some dots by providing two links to the writers research articles, both rich with resource links.

I found the info and perspectives thoughtful and helpful. From the article:

When I compiled this 2015 Diary, I was admittedly speculating based on some facts that presented themselves from various sources. In retrospect…...?

Now that it is clear that:

Russia is cozy with Iran;

Trump seems cozy with Russia;

Trump needs distractions from his mired mess of misdeeds;

Bolton the PNAC hawk is back;

Bibi is beating the Iran Nuclear threat drum a g a i n (has been since early 1990s);

We have sold huge amounts of weaponry/fighter jets to Saudi Arabia; and

There is a huge amount of oil ($$$) in the ground bordering Iraq and Iran ready to enrich the winners, the world be damned, the hawks, zealots, and end of times hawkers may win the word war.

Today, higher oil prices are a win win win for all monied oil interests and a loss for cash-strapped ordinary people.

Perhaps the diary’s insights were closer to the truth after all.

https://www.dailykos.com/stories/2018/5/9/1763102/-Iraq-Iran-Plot-to-Control-OPEC-A-Bit-of-History?_=2018-05-09T09:16:50.428-07:00#comment_70111174

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Response to OhNo-Really (Original post)

Wed May 9, 2018, 12:44 PM

1. They have nearly reached the endgame of their coup.

 

Mobsters win!!

Saudi, Assad, Vlad, Bibi & Trump are within a hair width of having what they came for.

O.I.L

It has always been about the control of Oil.

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Response to OhNo-Really (Original post)

Wed May 9, 2018, 12:47 PM

2. Iran does not have more oil than Saudi Arabia.

The Saudi's produce 10,461,000 barrels a day and Iran produces 3,9991,000 barrels a day. Saudi oil reserves are 266,600 million barrels and Iran has 157,800 million barrels.

https://en.wikipedia.org/wiki/List_of_countries_by_oil_production

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Response to former9thward (Reply #2)

Wed May 9, 2018, 01:15 PM

6. Production yes. Oil in the ground......questionable

Saudi Arabia is moving its economy away from oil.

Over at Reuters, John Kemp uses the data to take a look at Saudi Arabia, long thought to have a vast and seemingly endless pool of oil upon which to draw. He notes that the Saudi government suddenly upgraded its oil reserve estimates from 170 billion barrels in 1987 to 260 billion barrels in 1989.

Since then, Saudi oil reserves have been unchanged for more than 25 years at 260 billion barrels. As Kemp wryly puts it, "If the government data is accurate, the kingdom has managed the remarkable feat of exactly replacing each produced barrel with new discoveries or increased e
stimates of the amount recoverable from existing fields."

http://www.businessinsider.com/us-has-the-worlds-largest-oil-reserves-2016-7

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Response to OhNo-Really (Reply #6)

Wed May 9, 2018, 01:36 PM

7. Iran and even Qatar producing more natural gas than Saudi Arabia

https://www.eia.gov/todayinenergy/detail.php?id=710

There is a volcano of threatened authoritarian powers about to blow up, or so it feels like.

Too much tension in the air, tension being an authoritarian tool.

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Response to OhNo-Really (Original post)

Wed May 9, 2018, 12:49 PM

3. The jump in Crude Price

 

is starting to show up in our local economy. If it is showing here,can not imagine the effects in Rural Areas. Not many households can afford a $50 dollar or more hit to their budgets,just for fuel costs.

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Response to Wellstone ruled (Reply #3)

Wed May 9, 2018, 01:05 PM

4. Been a bit over $3 gal here for a couple of weeks. Housing costs skyrocketed

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Response to OhNo-Really (Reply #4)

Wed May 9, 2018, 01:11 PM

5. We have had $3 dollar plus fuel

 

since December.

The Landlords here in the Valley that have Properties on the outer edges are seeing the 2007 effect taking hold. Rents spiked last fall,now the Brokers are nervous .

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Response to OhNo-Really (Original post)

Wed May 9, 2018, 01:37 PM

8. They've been six months from a bomb since 1992

It's a load.
A distraction.

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Response to superpatriotman (Reply #8)

Wed May 9, 2018, 02:57 PM

11. I agree. One of the link d articles shows Iran's nuclear history

Nety..... wants US to bomb Iran. Didn't McCain sing the same tu e?

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Response to OhNo-Really (Original post)

Wed May 9, 2018, 01:49 PM

9. If you group the Arab shi'a provinces of Iraq and Iran together, it's damn close to the KSA.

Basra province of Iraq and the Khuzestan province of Iran together are a good chunk of the world’s proven reserves.

The oil rich Eastern province of the KSA is majority Arab Shi’a as well.

It has always been a wet dream of the neocons to break Khuzestan away from Iran. The MEK has been the vehicle for that gambit.

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Response to roamer65 (Reply #9)

Wed May 9, 2018, 02:56 PM

10. That's the take away I got from the dkos articles.

Thank you

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