Monday, September 21, 2015

Minerals and Oil and Natural Gas, Oh My!

Something for the equation.

Recent reports indicate Iran's mineral reserves rank in the top ten in the world.

"Iran possesses 7% of the world’s total mineral reserves worth about $700 billion but this figure could rise to $1.4 trillion with new discoveries, a mining official says. 

The country is one of the top 10 mineral-rich countries where 68 types of minerals have been identified so far, including the world’s largest deposits of copper, zinc and iron ore."

And that could be just the tip of the iceberg:

"Bozorgmehr said Iran’s known mineral reserves have been found on explorations over only 7% of Iran’s total area. “This figure shows very well that our known and unknown potentials in the mining sector are high.”

http://www.presstv.ir/Detail/2015/09/19/429847/iran-mining-investment-sanctions-mineral

Combine that with Iran's oil reserves, ranked number four in the world.

https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves

And guess who leads the list of countries with the largest natural gas reserves?  Yep, Iran, although some disagree and think Russia is numero uno.  Either way huh. 

https://en.wikipedia.org/wiki/List_of_countries_by_natural_gas_proven_reserves

Now Class, does anyone think that the psychopathic western ruling class which has been pillaging the earth for oil and other natural resources for well over a century, particularly in the Middle East, are going to leave Iran alone and let it manage all it's rich resources all on it's own? 

Nobody?   Good!  Everyone seems to be catching on this morning. 

Next class we'll discuss Venezuela.  That country is ranked number two on the world's oil reserves list.   We'll talk about when a blessing is really a curse. 

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