Putin books treatment at Spa Iran

CNBC is currently airing a segment on the future of the Russian oil market using the closing off of Iran’s supply to the world marketplace as an example. Basically the conclusion was that Russia has shown the world that you can’t trust them and need to cut them off from marketplace within the next three to five years. Bringing Iranian oil supply back and speeding up the exploration plus the production of oil off the South Asian coasts can put a halt to Russia’s chief export. This is similar to the petroleum story after the Iranian Revolution when oil prices spiked and the industry increased CapX to bring more product to market.

This became known as the Iranian Treatment.