Thought Archive

Thursday, July 10, 2008

Total flees Iran

Iran has the world's second-largest gas reserves at a time of rising prices and fears of a supply crunch. Now we all need gas - but for some reason this Iranian gas will stay in the ground.

The country's billions of dollars of gas reserves should have it laughing all the way to the bank.
But finding firms with the expertise and steely nerves needed to do business with a country whose alleged nuclear ambitions rankle the US isn't easy. This much gas can not stay under the ground forever. Is the war to liberate Iran from oppression looming large in the mind of US?

Non-American oil firms are fleeing from Iran, loathe to invest. Technology challenges prevent Indian and Chinese to develop complicated gas fields, or at least prevented so far. Iranian gas reserves are staying under the ground. For now.

1 comment:

Riri said...

The chinese won't be deterred by security concerns. They're all over Algeria now, completely unconcerned about the hysterical security alerts propagated by the West. Making huge money.