Tuesday, March 14, 2017

Iran Expamds Oil Exports

By Micah Halpern
I've Been Thinking:
There is big news in the world of oil.

Iran is now the second largest supplier of oil to India. They overtook Iraq over the past few months.

India is the second largest importer of oil in the world. And now Iran is in the very same position they were in before sanctions began.

Saudi Arabia, Iran, Iraq, Nigeria and Venezuela are the primary exporters of oil to India and not surprisingly the order has been disrupted. The order was not just disrupted by Iran - Nigeria also overtook Venezuela.

What this all means is that that Iran is becoming more and more powerful. With this new market growth comes money and with money comes power .... power and, especially influence.

Welcome to the natural outgrowth of Iran's new status.


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