Iranian Oil Could Loosen Russia's Energy Grip
Roger Howard, the Guardian | May 22, 2008
Iran, which is the OPEC’s second’s largest exporter, has enough natural gas to alleviate Western Europe’s uncomfortable reliance on Russia’s energy exports. ++ Disputes over pipelines, political blocking, and current US sanctions on capital inflow into Iran stand in the way of exploiting this huge potential. ++ Much depends on the coming elections, both in the US and Iran, as to whether future politicians can work out a deal that is lucrative for all. ++ The outcome will be, no doubt, of historical significance.
