By Micah Halpern
I've Been Thinking:Iran is planning to take great advantage of The Deal and the lifting of sanctions.
Iranian oil minister Bijan Zanganeh said in a state radio interview on Sunday that, "We are already doing marketing, and within a day after the lifting of sanctions we will raise (production) by 500,000 barrels per day".
He also added that within a few months the Iranians will increase their oil production by 1million barrels per day.
This is one of the most important announcements made thus far.
Iran is saying that they have a significant plan in place that will catapult them into one of the largest oil exporters in the world.
And straight from the mouth of the Iranian oil minister we are being told that, when it comes to oil, Iran plans to morph into a behemoth practically overnight.
That sure scares me, what about you?.
Micah@MicahHalpern.com
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