Tuesday, October 4, 2016

Iran Signs New Model Oil Deal as It Vows to Pump More

http://www.wsj.com/articles/iran-signs-new-model-oil-deal-as-it-vows-to-pump-more-1475590696

1 comment:

  1. Iran has further cemented itself as a dirty little excuse for a country. The deal referred to in the WSJ is a blatantly corrupt and reeks of religious controls. Further there is a glut of oil on the world market. Responsibility and prudence much less a rudimentary knowledge of supply and demand would dictate compliance with OPEC on reducing demand. This article is not intended to introduce a rational Iran to the world stage but to reinforce what a the sad state affairs that occurs when religious zealots control a nation. I would invest less- be more skeptical- who does this deal help? There are no investors-no industrial efficiency - no social improvements- no international compliance- and no rational for this article to be interpreted as a positive piece of news.

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