Countries that suffer when the oil price plummets

[ResurgentIran]

The wish I have is that you get the difference between a wish and a fact. Saudi Arabia along with the rest of the GCC increased their oil production in spite of prices decrease. However, although this is not in GCC favor but they did it anyway for the bigger profit which is Iranian economic suffering as those wealthy gulf countries have a lot of extra cash deposited and invested worldwide. Again:

Iran is suffering so so badly.

Rouhani has appointed a series of skilled technocrats and has taken steps to diversify the economy.

The rial has stabilized, the inflation is way down (compared to before) and Iran is experiencing growth rate at +3 %. Sorry to disappoint you.

 

[BLACKEAGLE]

We have been under much much worse conditions back in Iran-Iraq wars when our exports reached a quarter of what it is today, but even then, there was nothing serious to worry about.

Do you know who is kneeling in the long term and who is being stupid again, in the long term? It's the Saudis, because they are producing oil 3 times more than Iran and they are losing much more than Iran and also draining their God-given oil much faster, only to hurt Iran, but guess what? It's like smashing your own house so you could scare your neighbor. I am happy about the oil prices going down. Now we are almost used to live without oil, since our exports went down to less than 500,000 a day at points, but that's not right about Saudis.

Saudi oil production is double Iranian oil production. However, Saudi oil reserves is almost double Iranian oil reserves. So no worries. Another thing, Saudis is one of the largest investors worldwide, so they have a lot of extra cash and profits to lean on. They use their oil profits to invest tens of billions of $ in developing their non-oil economic sectors and clean energy, so they are working from now to become independent oil economy. Noting that there have been huge exploitations of shale oil and gas. While in Iran you guys are using your oil money to afford necessities, yet in both short and long terms you guys lose.

 

[ResurgentIran]

Saudi oil production is double Iranian oil production. However, Saudi oil reserves is almost double Iranian oil reserves. So no worries. Another thing, Saudis is one of the largest investors worldwide, so they have a lot of extra cash and profits to lean on. They use their oil profits to invest tens of billions of $ in developing their non-oil economic sectors and clean energy, so they are working from now to become independent oil economy. Noting that there have been huge exploitations of shale oil and gas. While in Iran you guys are using your oil money to afford necessities, yet in both short and long terms you guys lose.

We've been hearing about this clean energy for 1000 years, but has it actually materialized to anything meaningful?
Iran is the one taking steps to advance in different sectors, like nuclear technology. We have a large indigineous program and scientific base. This is what it means to be independent. To stick up for your rights regardless of what uncle Sam says.
Iran is the one that is developing its nuclear infrastructure despite sanctions.

All we hear from you are fairy tale stories about green and renewable energy from the sun, and you will have resources for eternity bla bla.
Stop dreaming and land your feet in the real cold hard world.

And forget about oil.
For your information Iran holds the largest amount/percentage of natural gas in the world, which is yet untapped, so...

 

[Serpentine]

Saudi oil production is double Iranian oil production. However, Saudi oil reserves is almost double Iranian oil reserves. So no worries. Another thing, Saudis is one of the largest investors worldwide, so they have a lot of extra cash and profits to lean on. They use their oil profits to invest tens of billions of $ in developing their non-oil economic sectors and clean energy, so they are working from now to become independent oil economy. Noting that there have been huge exploitations of shale oil and gas. While in Iran you guys are using your oil money to afford necessities, yet in both short and long terms you guys lose.

Let me illuminate you. It's the amount of exported oil that matters, not produced oil. For oil production, this is from first quarter of 2014, as you see SA produces 3 times more oil compared to Iran, and its reserves stand at 267 billion barrels, while Iran's stand at 157 billion barrels, which shows that they don't have double of our reserves. So it's the Saudis who are losing the most money here, not Iran.

You should also consider the natural gas reserves of Iran which is 4 times higher than SA and its production is going to increase significantly as the projects in South Pars field (biggest in the world) near completion.

 

[al-Hasani]

Let me illuminate you. It's the amount of exported oil that matters, not produced oil. For oil production, this is from first quarter of 2014, as you see SA produces 3 times more oil compared to Iran, and its reserves stand at 267 billion barrels, while Iran's stand at 157 billion barrels, which shows that they don't have double of our reserves. So it's the Saudis who are losing the most money here, not Iran.

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You should also consider the natural gas reserves of Iran which is 4 times higher than SA and its production is going to increase significantly as the projects in South Pars field (biggest in the world) near completion.

Yes and you should consider that KSA and the GCC are practically one county and we control 50% of the WORLD'S oil and gas production and reserves. Let alone having a large number of shale gas too.

UAE alone has almost as big an economy as 80 million big Iran. It's a joke when Iranians discuss economy.

The GDP per capita of Qatar is the highest in the world and other GCC states are among the richest societies out there despite having many retarded rules that hinder economic growth.

The GDP per capita of KSA is higher than the EU average. That will never be a reality in Iran.

GCC alone is richer than Iran will ever be. Let alone the entire Arab world.

It's your country whose economy is in shatters and your currency that is less valuable than toilet paper.

It's not us that have a problem.

This oil policy also hits you hard. Not us.

An interesting thing is that both China and Saudi (along with the GCC) are the main "trade surplus" nations in the world, and also amongst the world's largest creditor nations.

China is our biggest trade partner too.

You don't stand a chance so quite it.

We (GCC) basically own TRILLIONS of dollars in investments abroad. You owe 0 in comparison and those that you owned or the few that you owe have been confisticated or can be any second.

Your fake wannabe Arab Mullah's will rule your country as well for your entire life. So enjoy.

Maybe you can be lucky and join the Farsi migrant community in the UAE. Those that enrich the UAE economy. After all better than staying in Iran.

The GDP (nominal) of the GCC is almost 2 billion as of 2014 while the GDP per capita is around 35.000 US dollars. Iran is not even CLOSE to those numbers. Let alone natural riches. Investments abroad etc. Our GDP is 3-4 times bigger and our GDP per capita is 7 times bigger!

@BLACKEAGLE @JUBA @Full Moon @Mosamania @Bubblegum Crisis @Altamimi @Ahmed Jo @ebray @Halimi @Rakan.SA @fahd tamimi @Yzd Khalifa @burning_phoneix @Awadd @Arabi etc.

 

[Serpentine]

Yes and you should consider that KSA and the GCC are practically one county and we control 50% of the WORLD'S oil and gas production and reserves. Let alone having a large number of shale gas too.

UAE alone has almost as big an economy as 80 million big Iran. It's a joke when Iranians discuss economy.

The GDP per capita of Qatar is the highest in the world and other GCC states are among the richest societies out there despite having many retarded rules that hinder economic growth.

The GDP per capita of KSA is higher than the EU average. That will never be a reality in Iran.

GCC alone is richer than Iran will ever be. Let alone the entire Arab world.

It's your country whose economy is in shatters and your currency that is less valuable than toilet paper.

It's not us that have a problem.

This oil policy also hits you hard. Not us.

An interesting thing is that both China and Saudi (along with the GCC) are the main "trade surplus" nations in the world, and also amongst the world's largest creditor nations.

China is our biggest trade partner too.

You don't stand a chance so quite it.

We (GCC) basically own TRILLIONS of dollars in investments abroad. You owe 0 in comparison and those that you owned or the few that you owe have been confisticated or can be any second.

Your fake wannabe Arab Mullah's will rule your country as well for your entire life. So enjoy.

Maybe you can be lucky and join the Farsi migrant community in the UAE. Those that enrich the UAE economy. After all better than staying in Iran.

The GDP (nominal) of the GCC is almost 2 billion as of 2014 while the GDP per capita is around 35.000 US dollars. Iran is not even CLOSE to those numbers. Let alone natural riches. Investments abroad etc. Our GDP is 3-4 times bigger and our GDP per capita is 7 times bigger!

@BLACKEAGLE @JUBA @Full Moon @Mosamania @Bubblegum Crisis @Altamimi @Ahmed Jo @ebray @Halimi @Rakan.SA @fahd tamimi @Yzd Khalifa @burning_phoneix @Awadd @Arabi etc.

Dear @al-Hasani, the long rant here was not actually needed, but you wrote what you have repeated like hundreds of times on this forum, so I don't think they are new or noble to anyone.

I didn't make a comparison between Iran and GCC economies, I was saying that keeping the oil prices down to hurt Iran is the most stupid thing to do and I'm happy for that, because you are losing 3 times more than Iran.

About GCC being one country, that's just a sweet dream, I will accept that only after GCC countries have one flag and one leader which is never going to happen.

 

[Azeri440]

You got it. Saudis want Iran to kneel down.

great strategy
like Iran exports that much oil in the first place, this hurts Saudis a hell of a lot more than Iran

 

[Arabian Legend]

Iran needs $140 Bd to sustain its economic status quo. Saudi Arabia despite the current fall of oil prices has increase oil production and told OPEC to get use to lower oil prices from now on. The trigger is amid at both MullahStan and Russia.

 

[Serpentine]

great strategy
like Iran exports that much oil in the first place, this hurts Saudis a hell of a lot more than Iran

I like how they feel super genius about that, lol.

Saudis are losing billions more than Iran and they think since they have good investment in other countries, then it's no problem. They are draining their oil 3 times faster than Iran, also not mentioning the fact that Iran has nearly 4 times larger gas reserves compared to Saudis, and is second in the world in that field (first according to BP). Brilliant strategy, as expected from GCC geniuses.

 

[Arabian Legend]

 

[al-Hasani]

I like how they feel super genius about that, lol.

Saudis are losing billions more than Iran and they think since they have good investment in other countries, then it's no problem. They are draining their oil 3 times faster than Iran, also not mentioning the fact that Iran has nearly 4 times larger gas reserves compared to Saudis, and is second in the world in that field (first according to BP). Brilliant strategy, as expected from GCC geniuses.

The GDP (nominal) of the GCC is almost 2 billion as of 2014 while the GDP per capita is around 35.000 US dollars. Iran is not even CLOSE to those numbers. Let alone natural riches. Investments abroad etc. Our GDP is 3-4 times bigger and our GDP per capita is 6-7 times bigger!
Yes, Iran is a big threat indeed and you are the economic geniuses. That's right.

Haha, priceless. Good one homeboy. Let alone the ENTIRE GCC.

Iran is the little brother on all fronts compared to the Arab world and Arabs. Always was and always will be. The annoying type, mind you.

 

[Serpentine]

The GDP (nominal) of the GCC is almost 2 billion as of 2014 while the GDP per capita is around 35.000 US dollars. Iran is not even CLOSE to those numbers. Let alone natural riches. Investments abroad etc. Our GDP is 3-4 times bigger and our GDP per capita is 6-7 times bigger!
Yes, Iran is a big threat indeed and you are the economic geniuses. That's right.

You repeated the same sentences again.

We never claimed to be geniuses, you are the one bragging about cutting down oil prices to hurt Iran and consider it as a genius plan.

 

[al-Hasani]

You repeated the same sentences again.

We never claimed to be geniuses, you are the one bragging about cutting down oil prices to hurt Iran and consider it as a genius plan.

That's Blackie. Not me. I am just saying that you are way behind on all fronts. So even if we are losing on this front you are still waaaay behind mate. If you want to do business you are welcome in the GCC though.

 

[Arya Desa]

I don't understand why Iran with a reserve of 33.3 trillion m3 has a per capita income less than GCC?

 

[al-Hasani]

I don't understand why Iran with a reserve of 33.3 trillion m3 has a per capita income less than GCC?

We are one of the richest areas on the planet. Our lands have the biggest oil and gas reserves by far. Iran do not and is not even close to the wealth of the GCC. Be it nominal GDP or GDP per capita. Qatar is leading in the latter in the entire world.

Imagine if the Arabian Peninsula and Southern Iraq was 1 country like it was for over 1 millennium in the past for 1 second? GCC is already one country on many fronts but I wait with great excitement for the day we become 1 country. Most of the riches in Iran are also in Arabistan. An Arab inhabited area of Iran.