Iran Flexes Military Might in Gulf to Warn Against any Action Against their Nuclear Program

Posted by PITHOCRATES - January 7th, 2012

Week in Review

Iran says they need nuclear power to make electricity.  They say this as they sit atop some of the largest crude oil reserves in the world (see Iran test-fires missiles in Gulf exercise by Ramin Mostafavi, Reuters, posted 1/2/2012 on Yahoo! News).

Iran said on Monday it had successfully test-fired what it described as two long-range missiles, flexing its military muscle in the face of mounting Western pressure over its nuclear program.

The announcement came at the climax of 10 days of naval exercises in the Gulf, during which Tehran has warned it could shut the Strait of Hormuz, through which 40 percent of world oil is shipped, if sanctions were imposed on its crude exports.

Analysts say Iran’s increasingly strident rhetoric, which has pushed oil prices higher, is aimed at sending a message to the West that it should think twice about the economic cost of putting further pressure on Tehran…

Tehran denies Western accusations that it is trying to build atomic bombs, saying it needs nuclear technology to generate electricity…

[Iran is the] the world’s fourth biggest producer [of crude oil].

Yeah, with being only the world’s fourth biggest producer of crude oil of course they need nuclear power to make electricity.  I mean, how much electricity can they make with all of that crude oil?

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