Saturday, July 7, 2007

Is Iran Collapsing?

John Mauldin has an interesting piece of analysis of Iran's future at Forbes.com. He asserts that Iran, a country with the second or third largest oil reserves in the world, will be unable to export any oil within the next seven years due largely to its reckless economic policies and the amount of revenue it spends on subsidizing global jihad.

Read the essay for the details. Mauldin concludes it with this sentence:

"Iran looks to me like Russia did in 1988. They were in the process of self-destruction, although few recognized it at the time. Iran is a matter of time."

If the West could muster the will to impose sanctions on Iranian oil and cut off Iranian imports of gasoline, the government of the mullahs would likely collapse overnight without the need for a bomb to be dropped to destroy its nuclear facilities. Shutting off Iranian gasoline imports may well be the reason why we have moved three carrier battle groups into the Persian Gulf region, and may be sending a fourth.

RLC