Iranian Oil Sanctions Still Biting

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Via Stuart Staniford, here is a chart of Iranian oil production. It dropped in 2008, probably due to the Great Recession, then plateaued for a while, and then began a steep plunge in the middle of last year. “So the sanctions are definitely biting,” Stuart says, and “revenue will likely have dropped much more than production (since only a fraction of production is exported and prices paid will have dropped as Iran’s few remaining customers use their leverage to extract price concessions).”

Nonetheless, Iran has shown no signs so far of bowing to international pressure to abandon its uranium enrichment facilities. On the contrary, it’s speeding things up. This leads Charles Krauthammer to endorse Anthony Cordesman’s proposal for dealing with Iran: establish clear red lines, offer generous terms for giving up their uranium enrichment, and then make it crystal clear that we will use military action to destroy their enrichment facilities if they continue to hold out. This is an alternative that I suspect will gain an increasing number of fans as the Iran stalemate goes on. There are even occasional moments when I’m one of them, though this isn’t one of them. This is, unfortunately, not a problem with any good solutions.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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