SPDR S&P 500 (SPY): OT - Gleno, I think the problem is a lot...

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Re: GLENO34 post# 49583

Tuesday, 05/13/2008 1:19:42 PM

Tuesday, May 13, 2008 1:19:42 PM

OT - Gleno, I think the problem is a lot worse then Iran wants to let on. There has been talks about Iran running out of oil as soon as 2015 and may be that is why they are thinking of limiting supplies so they can limp on a little longer. I remember reading an article about it a year ago. This is an older article that I found. Edit - Without oil we know what will happen to Iran, they will be pretty much nothing... That is why they are probably trying to build nuclear plants and arms while they have oil revenues. If they don't Iran won't even be a small player in the world, they will be back to the mud huts, dirt roads, etc.

Iran Oil Revenue Quickly Drying Up, Analysis Says

Associated Press
Tuesday, December 26, 2006; Page A09

"Iran is suffering a staggering decline in revenue from its oil exports, and if the trend continues income could virtually disappear by 2015, according to an analysis published yesterday in a journal of the National Academy of Sciences... Iran earns about $50 billion a year in oil exports. The decline is estimated at 10 to 12 percent annually. In less than five years, exports could be halved, and they could disappear by 2015, Stern predicted."

http://www.washingtonpost.com/wp-dyn/content/article/2006/12/25/AR2006122500486.html

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