Iran is Oil Indepenent
By Micah Halpern
Tuesday September 21, 2010
I've Been Thinking:
Iran made an outstanding pronouncement yesterday. Iran issued a public claim that last month they did not import any gasoline.
Iranian Oil Minister Masoud Mir Kazemi announced that Iran is now refining 17.5 million gallons per day. That's right, per day.
If this is true then the Iranians have outsmarted everyone.
If this is true it means that all international sanctions are irrelevant.
If this is true it means the Iranians have insulated themselves and are now totally import independent.
Iran has accomplished exactly what I have been warning of for months, exactly what world leaders said was impossible. Of course, it is possible that Iran is exaggerating, but even if it is an exaggeration, there is no doubt that becoming totally oil independent is the Iranian objective.
When Iran does achieve oil independence there will no longer be any real vehicle with which to influence this extremist country. That time might be now, it might be in a few months from now. It will happen.