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Iran Discovers 7 New Oil Fields: State Media

First Posted: 05/08/09 06:12 AM ET Updated: 05/25/11 02:15 PM ET

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Iran Oil

Los Angeles Times:

Iran is reporting huge new discoveries of oil that contain "billions" of barrels of reserves, state radio quoted the managing director of the country's National Oil Co. as saying today.

Read the whole story: Los Angeles Times

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Iran is reporting huge new discoveries of oil that contain "billions" of barrels of reserves, state radio quoted the managing director of the country's National Oil Co. as saying today. ...
Iran is reporting huge new discoveries of oil that contain "billions" of barrels of reserves, state radio quoted the managing director of the country's National Oil Co. as saying today. ...
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Chubbster
Always Under Moderation
471 Fans
12:25 AM on 04/08/2009
Oh sure, of course they discovered this.
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HUFFPOST SUPER USER
jeanrenoir
1190 Fans
10:22 PM on 04/07/2009
Israel and America must get real about Iran, as Obama is clearly doing by putting Holbrooke and Hillary on the case. Getting real doesn't mean seeing Iran as a deadly enemy determined literally to vaporize Israel (and be completely wiped off the face of the earth by Israeli nuclear retaliation of a hundred nukes to one). To actually believe that the leaders of Iran are all willing to go up in smoke to destroy Israel is fanatical paranoid madness, not realism. Even Hitler would not have invade Poland, if it could have annihilated all of Germany the moment he did so, as Israel would certainly do to Iran instantly. Getting real means facing just how very rich and powerful Iran is inevitably going to be, as the price of oil skyrockets and they discover more and more of it. Iran is going to be one of the richest nations on earth, period. That situation must be anticipated and dealt with wisely and sanely, as Obama clearly intends to do. Intimidating Iran is not a realistic option. There is no way to "deal" with them other than by serious, profound negotiations, as Robert Baer has long been preaching.
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Paul
372 Fans
10:20 PM on 04/07/2009
Has anyone Exxon yet?

The price of oil is low enough as it is, and now Iran says they have even more?

Gee, if all those Iraqi reserves come on line as well, maybe oil will be $10/barrel.
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Indie2008
78 Fans
09:45 PM on 04/07/2009
Is this good news for the future of transportation and the environment, or for the oil companies?
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dryrock
8 Fans
07:57 PM on 04/07/2009
Abundant, affordable oil: Not good news for the climate.
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HUFFPOST SUPER USER
davidwayneosedach
202 Fans
 
07:46 PM on 04/07/2009
Good luck for them. Maybe they won't need nuclear power after all.
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Nicolaus
19 Fans
06:58 PM on 04/07/2009
The article proclaims: "Iranians have problems in extracting the crude and delivering it"

And the last time I looked over from one of the two Aircraft Carrier Battle Group (read Armada) 'keeping the peace' in the Persian Gulf, I was convinced that the 'grapes too, are sour.' Where is Chevron or Exxon-Mobil when you need them.

In fact there never was an occasion in the US naval history when two Battle Groups were working side by side in a spot - never mind that any conflagration would literally strangle Europe and that little trouble-making country on the Mediterranean we are supposed to love so much!
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Nicolaus
19 Fans
06:46 PM on 04/07/2009
"Iran's reserve are the third largest behind Saudi Arabia and Canada."

Canada, huh! Amazing. Few knew that!
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RIXX
1 Fans
07:01 PM on 04/07/2009
US doesn't have any dispute with Canada. That is the reason.
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Horst
168 Fans
07:04 PM on 04/07/2009
Trouble is the oil is in shale and very expensive to extract.
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mtaylor90028
21 Fans
05:52 PM on 04/07/2009
this is real bad news for Iran. They better hope their armies are ready to defend it because you know USA is after it
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HUFFPOST COMMUNITY MODERATOR
biglover
76 Fans
06:46 PM on 04/07/2009
Wow mtaylor90028, I came in to post on this story, but you stole my lines. (smile)
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ThirdSection
907 Fans
05:16 PM on 04/07/2009
I guess they'd better hurry up and build their nuke if they want to keep their oil and their sovereignty.
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skialethia
αω vs military might
961 Fans
03:10 PM on 04/07/2009
China's gonna be pleased with this news and someone else is gonna be even more resentful and pea-green with envy.
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Horst
168 Fans
07:03 PM on 04/07/2009
You should move to Iran.....they might not let you surf the web as much as you'd like, and most Iranians actually have a better opinion of the US than you do...but you might like it nonetheless.
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skialethia
αω vs military might
961 Fans
08:25 PM on 04/07/2009
Wasn't referring to the U.S. Think again!
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liminal67
3 Fans
02:45 PM on 04/07/2009
Great :(

http://pitchbendpost.blogspot.com/
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HUFFPOST SUPER USER
jsgaetano
Semper Fidelis Tyrannosaurus!
2897 Fans
 
02:25 PM on 04/07/2009
Guess we know why the Far Right has such a mean-on for serving up another illegal invasion...
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OilWarsDotCom
8 Fans
01:28 PM on 04/07/2009
They should have kept their yaps shut - now there will be WMD's in Iran for sure. Iraq has 115 billion bbls of crude and 12 trillion cu ft of natural gas - A prize worth American soldiers dying for, right? Iran is dead meat - I think I will go out and by a big SUV - there will be plenty of gas in the future.
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