Iran Can Survive Sanctions

By Micah Halpern
I've Been Thinking:
Iranian leader Mahmoud Ahmadinejad announced yesterday while on a visit to the Hormuzgan Province that Iran can easily survive oil sanctions for at least 2 years - even if they do not sell any oil.
"They (Western powers) want to impose sanctions on our oil and we must say to them that we have that much saved that even if we didn't sell oil for two to three years, the country would manage easily."
True, Iran has become energy independent. But what Ahmadinejad neglected to say is that the vast majority of Iran's GNP is oil.

What Ahmadinejad is really saying is that the sale of oil to those who do not care about the boycott against can keep them afloat.

Micah@MicahHalpern.com

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