“Military buildup does not result in energy security, rather it causes instability in the energy market.”-Massoud Mir-Kazzemi, Iranian Oil Minister

Mir-Kazzemi says the West’s militant approach to world issues is the root cause of instability in the global energy market.  The U.S. does not have an interest in creating “win-win” situations.

Iran suggests that the situation in Libya is all about driving up the price of oil, in the interests of Western oil companies.  It is also true that non-western oil companies are benefiting as well.

Iran is the current President of OPEC.  The Organization of the Petroleum Exporting Countries was created in September 1960. The members are Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.