alt Hacker NewsAgreed that you can't compare Venezuela and Iran. But I challenge you to check which are the top three countries in the world by oil reserves.
Israel needs it, Trump wants it, this was going to happen either now or next year. The potential for escalation is massive and I sincerely hope that it will not. Iran is a problem, but Israel is also a problem and the United States is becoming a bigger problem every day. It would be nice if the people in charge of this planet could hold back from throwing matches into the powder kegs for a while.
Reserves are irrelevant, you can’t pump oil from the ground at a moment notice and building the infrastructure requires long-term stability especially for oil infrastructure which is large and hard to protect. Iran does x4 times the volume of Venezuela in oil and x10 in gas.
The issue with Iran is that it’s selling energy outside of the US system. This was less of an issue 20 years ago when the persians needed to funnel the money back to the Western system at a cost so that they can access world trade. The situation changed today as they can mostly survive on China imports and completely bypass the US financial system. Iran has half the exports (in total value!) of Tunisia at x8-9 the population. Something doesn’t add up.
> It would be nice if the people in charge of this planet could hold back from throwing matches into the powder kegs for a while
That’s not how the world works. The relative peace of the last 20 years or so was mostly because US hegemony was uncontested. This might be no longer the case. Someone in the far East will be watching for opportunities.