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Re: wise_investor post# 24324

Tuesday, 12/26/2006 2:56:43 PM

Tuesday, December 26, 2006 2:56:43 PM

Post# of 46027
National Academy of Sciences' report on Iran today predicts that it will have no oil left to export in eight years, if its assumptions hold true:

http://news.yahoo.com/s/nm/20061226/ts_nm/iran_nuclear_study_dc

He projected that in five years, Iranian oil exports may be less than half their present level, and could drop to zero by 2015.

It may be due to increased domestic demand (unchecked by government-subsidized prices, which likely will remain in place to placate its people) and lack of significant new production. Iran already has been having trouble meeting its OPEC quota.