Interesting analysis. If Iran goes nuclear, they wouldn't need to consume their own oil product and would have more to sell, but they are a smallish market themselves. If India goes more nuclear, they wouldn't need so much oil product. Same for China, Japan, EU, and America, the major and coming major consumers.
Indo-US nuke pact only to help N Delhi produce peaceful energy Aug 3, 2005 03:20:00 PM
Islamabad, Aug 3 (PTI) Making it clear that it would not assist India in producing nuclear weapons, the US has said that the recent nuclear pact signed between the two countries was only to help New Delhi generate energy through peaceful nuclear technology. In a video conference, US Assistant Secretary of State Christina Rocca also told editors of Pakistani newspapers last night that the ten-year defence pact with India was actually the renewal of an old one and its aim was to stabilise the region. She affirmed US opposition to the India-Pakistan-Iran gas pipeline, saying Tehran had violated the Non-Proliferation Treaty (NPT). The India-US nuclear agreement would help India generate only energy through peaceful nuclear technology and would not assist in producing nuclear weapons, Rocca said. "We will not help India make nuclear weapons," she told 'News' daily. The ten-year defence pact with India, she said is actually the renewal of an old one and its aim is to stabilise the region, she said. The US, she said is opposed to the India-Pakistan-Iran gas pipeline as Iran has "violated" the NPT and accused Tehran of sponsoring terrorism. "Its nuclear programme is a matter of great concern for us." PTI