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The Saudis have more OIL than any other nation and virtually controll OPEC .
IRAN during the Iran Iraq war had its oil taken almost completely off the market and the shortfall made moderate fortunes for the other members of tye oil cartel . Iran can do nothing but be a pest without OPEC screwing it .
Unless OPEC is on board ...than it could make things interesting . Short term it causes the US and other countrys problems...but ...the downside is every time someone screws with the oil supply we get closer to replacing it as a source and it becomes affordable to invest in alternatives . Cheap oil keeps the dudes selling it VERY rich ..now compound supply problems with economic shenanigans and see how fast oil is replaced as an energy source in the US ..THE MAJOR USER and thus the source of trillions of dollars in income to a very diverse bunch of very rich dudes...See how fast corn powered cars get on the road and combine that with economic sactions and military trouble with the US and see how long THAT particular government is in power. The Iranians are not stupid ..they see no results from their revolution...one of the biggest reasons for thier political idiots to pander to the Iranian street with goofball pronouncements...but what about actions ? I hear only goonybird poopballs comming from iran but see actions to comply and get along and try to join the rest of the world and move out of mud huts . the bottom line is they are a gnat biting on the ass of an elephant and they need to be carefull that it doesnt sit down .
IRAN during the Iran Iraq war had its oil taken almost completely off the market and the shortfall made moderate fortunes for the other members of tye oil cartel . Iran can do nothing but be a pest without OPEC screwing it .
Unless OPEC is on board ...than it could make things interesting . Short term it causes the US and other countrys problems...but ...the downside is every time someone screws with the oil supply we get closer to replacing it as a source and it becomes affordable to invest in alternatives . Cheap oil keeps the dudes selling it VERY rich ..now compound supply problems with economic shenanigans and see how fast oil is replaced as an energy source in the US ..THE MAJOR USER and thus the source of trillions of dollars in income to a very diverse bunch of very rich dudes...See how fast corn powered cars get on the road and combine that with economic sactions and military trouble with the US and see how long THAT particular government is in power. The Iranians are not stupid ..they see no results from their revolution...one of the biggest reasons for thier political idiots to pander to the Iranian street with goofball pronouncements...but what about actions ? I hear only goonybird poopballs comming from iran but see actions to comply and get along and try to join the rest of the world and move out of mud huts . the bottom line is they are a gnat biting on the ass of an elephant and they need to be carefull that it doesnt sit down .