Ah, how pleasant it is to see rational and capable people running a great power!
Now, if you run into our man in Russia, ask him to consider world oil reserves by country (in billion barrels):
Iran* (132.5) + Venezuela (79.7) + Russia (60.0) = 272.2 > Saudi Arabia (264.3)
An alliance of Iran, Venezuela, and Russia can be a voice at least equal to Riyadh's in global management of oil production.
Better yet would be an alliance of Iran, Iraq, Venezuela, and Russia:
Iran (132.5) + Iraq (115.0) + Venezuela (79.7) + Russia (60.0) = 387.2
> Saudi Arabia (264.3)
But that has to wait till Tehran comes up with a better Iraq policy and a national liberation front arises in Iraq.
A producer alliance of Iran, Venezuela, and Russia, teaming up with China and the European Union, can very well rival the Washington-Riyadh-Tel-Aviv-Tokyo axis, the axis that has and will continue to inflict terror on, and sow the seeds of terror in, many parts of the world.
Table 3. World Oil Reserves by Country as of January 1, 2006 (Billion Barrels) Country Oil Reserves Saudi Arabia . . . . . . . . . . . 264.3 Canada . . . . . . . . . . . . . . . 178.8 Iran. . . . . . . . . . . . . . . . . . . 132.5 Iraq. . . . . . . . . . . . . . . . . . . 115.0 Kuwait . . . . . . . . . . . . . . . . 101.5 UAE . . . . . . . . . . . . . . . . . . 97.8 Venezuela . . . . . . . . . . . . . 79.7 Russia . . . . . . . . . . . . . . . . 60.0 Libya . . . . . . . . . . . . . . . . . 39.1 Nigeria . . . . . . . . . . . . . . . . 35.9 United States . . . . . . . . . . . 21.4 China . . . . . . . . . . . . . . . . . 18.3 Qatar . . . . . . . . . . . . . . . . . 15.2 Mexico . . . . . . . . . . . . . . . . 12.9 Algeria . . . . . . . . . . . . . . . . 11.4 Brazil . . . . . . . . . . . . . . . . . 11.2 Kazakhstan . . . . . . . . . . . . 9.0 Norway. . . . . . . . . . . . . . . . 7.7 Azerbaijan . . . . . . . . . . . . . 7.0 India . . . . . . . . . . . . . . . . . . 5.8 Rest of World . . . . . . . . . . . 68.1 World Total . . . . . . . . . . . . 1,292.5 Source: "Worldwide Look at Reserves and Production," Oil & Gas Journal, Vol. 103, No. 47 (December 19, 2005), pp. 24-25. Energy Information Administration, International Energy Outlook 2006, p. 28, <http://www.eia.doe.gov/oiaf/ieo/pdf/0484(2006).pdf>
* "The largest increase in proved oil reserve estimates was made in Iran. Iranian oil reserves increased by 5 percent, from 125.8 billion barrels in 2005 to 132.5 billion barrels in 2006" (Energy Information Administration, International Energy Outlook 2006, p. 27, <http://www.eia.doe.gov/oiaf/ieo/pdf/0484(2006).pdf>).
-- Yoshie <http://montages.blogspot.com/> <http://mrzine.org> <http://monthlyreview.org/>