Tlar: "History Will Show Us If This Was The Right Thing To Do"

Post From Currency Chatter 2-29-16

​Tlar Comments On Iran Oil Production and More

JC May:    Iran pushing forward with plans to ramp up oil output
              
Iran will push forward with plans to pump an additional one million barrels of oil per day into an already oversupplied global market, a senior Iranian oil official told CNN in an exclusive interview.
 
"Iran is not the cause for this turmoil," Deputy Oil Minister Amir Hossein Zamaninia told CNN's Fred Pleitgen on Sunday, referring to the slump in oil prices. "We do not intend to sanction ourselves again after coming out of the sanctions."
 
Oil producers have been watching nervously as Iran prepares to bring its supplies back to the global market after economic sanctions on the country were lifted as part of a landmark nuclear deal with world powers.
 
"We want to increase our production to the level we used to produce prior to the sanctions," Zamaninia said. "And at that time, then we can get together and discuss and strategize for the future."
 ~~~

The global oil market is drowning in excess supply. The price per barrel has nosedived around 70% since mid-2014, punishing the economies of many of the big producers.
 
Related: OPEC president says oil output freeze will work
 
Iran's return has further complicated the picture. Its bitter rivalry with Saudi Arabia, fueled by geopolitical factors like the wars in Syria and Yemen, has exacerbated tensions over the oil industry.
 
Saudi Arabia led OPEC in a fierce battle against other producers for market share that helped push down oil prices.
 
Amid mounting concerns about the impact of the price plunge, five of OPEC's 13 members -- Saudi Arabia, Kuwait, the UAE, Qatar and Venezuela -- plus Russia, agreed earlier this month to keep output steady at January's levels.
 
But Iran has refused to join the production freeze. Last week, Iranian Oil Minister Bijan Zangeneh called it a "joke," according to state media.
 
Related: Iran calls Saudi oil production freeze a 'joke'
 
Zamaninia was more diplomatic in his comments to CNN on Sunday, although he made it clear Iran considers the onus to be on other countries to tackle the supply glut.
 
"That was a small step in the right direction," he said of the output freeze. "We hope that they [OPEC] can get together to decrease their production."
 
Zamaninia said a "silver lining" of the sanctions is Iran is less dependent than many of its neighbors on oil revenues.
 
The country doesn't need foreign investment to ramp up its production by one million barrels per day, he said. But it is interested in overseas funding to help finance longer-term increases.
 
"We have no doubt that we can attract at least $40 billion to $45 billion per year investment," he said.
 
CNNMoney (Tehran, Iran)   First published February 28, 2016: 10:55 PM ET
 
Tlar:    Oh what a shock and surprise.  RIGHT.  Iran was the reason the Saudis backed out of the potential OPEC deal again.  Iran always screams at anyone who produces more than their agreed quota which they were grey shipping oil everywhere. 
 
They are one of the main reasons POEC disintegrated in the first place.  They can't be trusted.  Any government that knowingly counterfeits another countries currency for gain is a pariah country. 
 
These guys claim to be religious invoking god in everything they do, but break every international and human law on the books  Counterfeiting, smuggling, drugs, terrorism, blackmail, illegal executions, assassinations, anything is fair game for these 14th century barbarians who sit in judgement of everyone else. 
 
Human rights, womens rights, gays, infidels, or anyone who is not a true believer in their kind of Shiite religous dogma world are targets for this outlaw regime.  They don't mind killing Muslims or their own people. 
 
Their ayatollah is a wacko and will make deals with the worst scum this planet has ever brought into existence.  He befriends the likes of Kim (that great Korean leader) who also does not value any life but his own.  We can debate whether or not the recent deal with our administration was good or not good. 
 
Views I am sure vary even in this group.  History  will show us whether or not this proves to be a terrible mistake or the right thing to have done.  I for one think it was the wrong thing to do because this regime, I am sure they take the Koran literally. 
 
In the Koran it specifically states that if you are at war with your enemy and you are losing, it is ok to temporarily make peace with the enemy while you rebuild you army to attack again latter. 
 
This regime is very close to the very same belief as ISIS.  If the jerk-off leader of ISIS had not made two strategic mistakes, declaring he was the Caliph, putting himself above all ayatollahs, which was an insult to all those in power in the middle east, I question whether or not Iran would be supporting ISIS instead of fighting them. 
 
Also ISIS first target was Syria putting them at odds with the Iranian regime whose goal was to see a strong Shiite crescent consisting of Iran, Iraq (Maliki) and (ASsad) Syria.​​

Yes, it is my opinion that even though we will see temporary benefits by letting this snake out of the bag, in the long run we will have to atone for our mistake.   I know many will disagree with my thoughts and that is your privilege.
 
 IMO debate beyond presenting your side of the story nothing will change my views.  I invite anyone who wants too, to tell us why this is a good thing and I promise to listen and try to understand but I won't debate this issue.  History will show us if this was the right thing to do, not arguing points.  Respectfully, tlar.


JD BLUE:   Absolute agreement here. That said. I am hopeful that during this phony period of "peace" that the economy of Iraq can be figured out, and this currency  play can get done in the small window before Iran goes off the rails. - That said... I would be thrilled if the good people of Iran would somehow gain control and end the rule of the mullahs.
 
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