'We Have Fallen Into A Trap'
Iran’s Supreme Leader Ayatollah Ali Khamenei said today in Tehran that Iran has become addicted to selling crude oil and the time has come that the country voluntarily shut down some of its oil wells.
“Generating wealth through selling minerals like crude oil does not equate to (economic) development and growth. We are making fool of ourselves. We have fallen into a trap. We should confess and accept that this is a trap for our nation,” Ayatollah Khamenei said (IRNA, 29 July).
Ayatollah Khamenei’s pronouncements on the evils of an economy based on selling crude oil and the need to reduce the production come only after the recent sanctions against the country has cut the export of Iranian crude by half. The ayatollah did not explain why for the past 23 years when he has been the undisputed supreme leader of the country he did change the policies he railed against today. Interesting times it must be!