Iran's Woes

Iran's ability to pump oil is dwindling each day. They spend $5 billion each year to import gasoline from India and Singapore and then sell gasoline subsidized at less than 40cts a gallon to its people. They have over $100 billion in new projects to increase production and nothing has started yet. They have 15% of the world's know gas reserves and have entered into contracts to sell to India, but they have nothing to deliver. They are injecting 20 billion cubic feet of gas into the crude fields to maintain current crude production. This is double what Qatar is hoping to export as LNG.
The economy is in shambles, public debt is 28% of its OIL GPD and unemployment is 11%. They need help and the world is kissing their feet to get them to the negotiating table to stop them from nuclear capability.....

Amazing...

Russia in the past 13 years...its dead out numbered newborns by 11.2 million people...

How can these countries be so ignorant of their people's problems...and be turning away from the growing global economy??

Barkly says be careful...the peak in hydrocarbon production is near with such poor reinvestment.