SPDR S&P 500 (SPY)

[leftyg]

re: Iran's oil reserves running out........one can only hope. The present regime is "buying" the acceptance of the Iranian people by subsidizing things from bread to gasoline.
If that revenue were reduced the political unraveling there would rival the collapse of the Soviet empire, imo.

I would like to believe the running out part..but the data I have says that Iran is sitting on the 2nd largest reserves in the world..second only to Saudi Arabia. The two items are incompatible..one or the other is wrong.

Is the data on the amount of reserves Iran has, wrong?..perhaps, but I don't understand why.

Could Iran be deliberately cutting production to build the case for a need for nuclear power?

The best thing going for the West and Iran's nuclear intentions, is that Israel has the top intelligence in the world..and they won't be fooled. If it is military in possible use, the Israelies will be forced to take it out. Forced, because they cannot live under the threat of nuclear annilihation from a bitter enemy only 600 miles away.