The Micah Report Columns Thoughts Predictions About Micah Archives Contact
The Micah Report

« Collecting $ for Syria | Main | Iran Hit Squads »

Iran & OPEC
By Micah Halpern

Friday December 7, 2018

I've Been Thinking:

OPEC is asking their members to reduce output.

Iran is saying no. No, they will not reduce their output.

"It's a red line for Iran to reduce its production, to contribute to a new cut in production. Iran hasn't produced any more oil in the previous months and it's not Iran's responsibility to manage the situation," Bijan Zanganeh, Iran's oil minister said on CNBC.

"It's the responsibility of the countries that have produced more and more and have collapsed the market with more oil and extra oil and Iran has no responsibility for this situation," he added.

He repeated, "It's a red line for Iran not to cut one barrel ... Iran should be excluded from any decision."

Did anyone really expect any other response from Iran?

Read my latest book THUGS. It's easy. Just click.

To reprint my essays contact sales (at)
Follow MicahHalpern on Twitter

10 December 2018 12:13 AM in Thoughts

Trackback Pings

TrackBack URL for this entry:


Post a comment

Remember Me?

(you may use HTML tags for style)

Powered by Movable Type     Site design by Sekimori