My Way posted a story today about Iran’s warning to the other oil-producing countries in the Gulf not to boost their oil production if Iran’s oil production is reduced because of western sanctions. Iran’s OPEC governor made the threats just as Saudi Arabia announced that it would increase its oil production if Iran’s oil production decreased.
The article states:
Saudi Arabia, the Arab world’s largest economy, is widely seen as the main counterweight to Iran in the region. Any attempt by Iran to close the Strait of Hormuz, through which a sixth of the world’s oil flows, would also affect the export abilities of the major Gulf producers, including Saudi Arabia, Iraq, the United Arab Emirates, Kuwait and Qatar.
While momentum appears to be building for the sanctions by the West, China, another major buyer of Iranian oil, has come out against the measures.
Chinese Premier Wen Jiabao was in Saudi Arabia on Saturday for meeting with officials in which the two countries “pledged to work together to further expand all-around exchanges and cooperation,” according to China’s Xinhua news agency
Wen said the two sides “should expand trade of crude oil and natural gas and energy-related cooperation as to deepen their energy partnership,” Xinhua reported.
There are a couple of things going on here. First of all, America is vulnerable to this sort of garbage from Iran because we have not developed our own energy resources. Second of all, young Iranians (who make up more than half of the country) do not support the current government of Iran. A war against the Americans would allow the rulers to unite the country against a common enemy (us) in order to stay in power and continue their nuclear program. Third, Russia and China will support any action by any country that creates a problem for America. The weaker we become, the stronger they have a chance to become. Fourth, can you imagine the bully Iran will become when it completes its nuclear program?
Part of the problem here is America’s failure to become energy independent and part of the problem here is that the Iranians see President Obama as a weak President that they can push around. Neither one of these things is good for the future of America. If the voters are smart, we will have a new President in 2013.