Other Strategies To Diversify Energy Sources

Iran's highly controversial nuclear energy program aside, there are other programs that Iran has instituted to lessen its economy's great dependency on oil. For example, Iran has attempted to diversify its economy by investing oil revenues in petrochemicals. In late 2006 and early 2007, Iran also began taking steps to institute a rationing system, whereby low domestic gasoline prices would apply only up to a certain quantity but then convert over to full market prices. In addition, Zaganeh called for increased oil production and improved oil recovery in Iran. Plans included doubling national oil production to more than 7 million barrels per day by around 2015.

With so much contention in the history of U.S.-Iranian relations, and with nuclear power a prominent source of even further political tension, it may be a long time before Iran can heal its caustic energy relationship with the United States, and possibly with other Western countries, as well.

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