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Iran Oil Reserves Depletion Report      4-Nov-09 05:24 pm    
Arutz Sheva published this blurb yesterday that was picked up by USA Today. Thought I'd pass it along. Israel National News is the cited source.
FYI, the Center on Intelligence and Terrorism is an NGO with close ties to the Israeli Defense Forces. An agenda could be involved, but I'd say not. IMO, the numbers look reasonable.
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Iranian Oil Reserves on Verge of Depletion
Reported: 08:53 AM - Nov/03/09

(IsraelNN.com) Iran will turn from the world's fourth leading exporter of oil to an importer in eight years, according to a special report issued by the Tehran government, which was translated and distributed by the Information Center on Intelligence and Terrorism.

The report cites an eight percent average drop in production a year, coupled with a five percent annual increase in consumption. It also notes a drop in foreign investment in Iranian oil fields, where $4.5 billion a year is needed to maintain its current 2.5 million barrels-a-day output.

http://www.israelnationalnews.com/News/F... 763
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nick_ftl

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Iran Oil Reserves Depletion Report
nick_ftl Not rated 4-Nov-09 05:24 pm  
 
A report by the Majles Research Center warns that ...
nick_ftl Rate it 4-Nov-09 06:04 pm  
 
That sounds about right, even though Iran, even wi...
rhjl2272 Rate it 4-Nov-09 08:51 pm  
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