Reason of
Iran's Economic Woes
Reason of
Iran's Economic Woes
Sam Ghandchi
http://www.ghandchi.com/2676-iran-economy-english.htm
دلیل مصیبتهای اقتصادی ایران
http://www.ghandchi.com/2676-iran-economy.htm
Twenty one years ago in an article focused on
new technologies, I argued that
the world market
has become a buyer's market similar to the way people buy a hamburger at
McDonalds, when at the same time they have a choice to buy a similar product
next door from Burger King or Wendy's, and noted the ramifications of a buyer's market for producers. The oil
market today is not what it used to be when OPEC first started and we have been
in a
buyer's market for decades and especially since US domestic oil production
has increased manifold in recent years and Russia has become extremely active in
oil and gas market. Regardless of the economic disasters
resulting from backward nature of
IslamicKKK ruling Iran (IRI),
the economic woes of Iran are related to lack of understanding the reality of a
buyer's market for oil industry which was even true in the last years of Shah's
regime when the oil economy was no longer like the early 1970's of Arab Oil
Embargo and actually Arab states of the Persian Gulf have understood this new
reality for a long time. As we saw in recent years when
Europe and IRI were upset with each other, it was the European consumers that
placed oil sanctions on Iranian oil, and not the other way, which definitely shows the reality of a buyer's market.
Hoping for a democratic and secular futurist republic in Iran,
http://www.ghandchi.com/index2.html
June 1, 2019
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