Iran's president nuked by the economy?
23-Nov-2010 (one comment)

Mahmoud Ahmadinejad, Iran’s president, faces dangers on several fronts in 2011, including opposition protests on the streets and even the possibility of being bombed by American or Israeli missiles aimed at spiking Iran’s nuclear ambitions. He is also likely to become increasingly entangled in rows within the ruling clerical establishment, a growing part of which regards him as an unreliable maverick.

But it is the economy that could lead to Mr Ahmadinejad’s downfall. Many of Iran’s 76m-odd people in 2011 are going to feel a more painful pinch than at any time since the war with Iraq ended in 1988. Unemployment, according to official figures, has been rising inexorably—and will go higher still. Given that the definition of employed includes those working only a few hours a week and that women are excluded from the figures, the official rate of 15% recorded towards the end of 2010 is surely an underestimate; the official figure for the jobless young was 29% and rising.

The production of oil, the country’s main source of income, has been steadily falling due to a lack of technology and investment. In 1978 Iran produced 6m barrels a day; in 2000, 4.5m; most recently, 3.5m. This will fall further in 2011.

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by yolanda on

Thank you for posting the great article.......the writings is on the the oil production has dropped close to 40% comparing to 32 years ago.....Wow!