Thursday, June 30, 2005

Geoffrey Styles On Iran's Nuclear Ambitions

Geoffrey Styles at Energy Outlook has an excellent long post on Iranian nuclear ambitions. The Iranians are sitting on a sea of energy, making their nuclear-power-for-peaceful-purposes schtick look pretty bogus, but Iran's ability to ignore the West is on a timetable, one that is tied to the absence of a 2-3 million bpd surplus in the market. (When this will come online, Geoff doesn't say, but we have to assume he's thinking 2-3 years in the future, as some analysts have suggested.)