Sunday March 17, 2013

I've Been Thinking:

The Iranians have just placed a naval destroyer in the Caspian Sea.

This is significant for several reasons.
# 1: The Caspian Sea is landlocked. It is sometimes called the largest lake in the world. (Despite the fact that it is salt water)
# 2: The Caspian is filled with oil reserves. And along with Azerbaijan, Kazakhstan, Turkmenistan and of course Russia, Iran is drilling very aggressively there.
# 3: There is no treaty and no agreement as to who controls what in the Caspian.
# 4; There is very little military presence in the Caspian, certainly not on the level of a heavy naval destroyer.

The world has paid little attention to the Caspian Sea in discussions of Iran's oil, always assuming that it is a sealed and controlled area. But much of Iranian oil exports have been from that region for that very reason. From the looks of things Iran is going to pick up oil exports from the Caspian Sea.

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