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I had a similar question about this quote, so I did a bit of research and wrote a separate comment [1]. Most of the change in Iran seems to be as a result of U
by alextheparrot 6y ago
I had a similar question about this quote, so I did a bit of research and wrote a separate comment [1].
Most of the change in Iran seems to be as a result of US sanctions significantly cutting the amount of product exported. They were in the $60-70 a barrel range prior to these sanctions, like most of the Middle East. I actually think this piece is awful, as it leads us to believe things like "Iran doesn't have the expertise" or "Iran has harder to access supplies". In reality, Iran just needs to export oil in a world without restrictive sanctions to reach parity with the rest of the region.
[1] https://news.ycombinator.com/item?id=23056651 https://news.ycombinator.com/item?id=23056651