JOSHUA FRANK: War with Iran -- It’s More Than Nuclear

[Tace]

By Joshua Frank -- World News Trust

Secretary of State Condi Rice doesn't think the United States and European Union should continue talking to Iran about their potential nuke development. Diplomacy should end and the UN Security Council must now take action, she says. Rice admitted to reporters Jan. 23 that dialogue between Iran and the international community had come to a "dead end."

"I don't see much room for further discussion in any format," Rice huffed.

Of course, the United State's true intentions for going after Tehran may have more to do with what’s hidden beneath Iran's arid soil than their nuclear ambitions.

Currently the second largest untapped oil reserve in the world is in Iran. Iran has five times more oil than the United States. The industry’s reputable Oil and Gas Journal in 2005 estimated 125.8 billion barrels were in the country just waiting to be pumped. Iran is also the number 2 producer in the Organization of Petroleum Exporting Countries (OPEC).

The majority of Iran's crude oil is located in Khuzestan, which borders Iraq and the Persian Gulf which is the home to two of Iran’s largest untapped oil fields -- Yadavaran and Azadegan. So it really shouldn’t be a surprise that the oil boys in Washington want dibs on Iran’s oil-rich land.

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http://worldnewstrust.org/modules/AMS/article.php?storyid=2257

[ret5hd]

1. but the REAL issue is what currency they will accept for that stuff...

under their sand.

March 30: Date the Iranian Oil Bourse opens, selling oil in euros.

[tatertop]

3. yesindeed, that is the issue all right

Hell hour draws near.

[LSK]

4. BINGO BINGO BINGO!!!

Its happening in March. Thats why the urgency.

[cliss]

2. According to what I've read -

it's even worse than that. I've read that while Saudi Arabia's oil fields are starting to look shaky, IRAN might have the world's #1 supply of oil. The Ghawar oil field has been damaged; they've been pumping in salt water to force the oil to the surface in order to squeeze more of that Black Gold. There are some articles which say that Saudi Arabia is going to start a long decline in output.

Iran definitely has the world's #1 supply of natural gas. This is not disputed. They're currently selling to India.

There's no doubt in my mind, the US is taunting THE GIANT.

[tatertop]

5. O boy. Good update.