OPEC Says No To Iran
By Micah Halpern
Monday March 2, 2009
I've Been Thinking:
Iran is again taking it on the chin again.
According to a report issued on Sunday by IRNA, the Islamic Republic News Agency, Iranian Oil Minister Gholam Hussein Nozari has been informed that OPEC has rejected Iran's appeal to limit oil production.
OPEC has even sent out a message saying that at their March meeting, limiting oil output will not even be up for discussion.
There are reasons for their decision.
The second reason is Shiite versus Sunni tensions.
We must neither forget nor minimize the role of internal issues in the Muslim world. More often than not, these internal issues are the most significant motivational forces in the region.
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