Iran’s top leader said Saturday the country’s oil and gas reserves will eventually dry up and defended the drive to produce nuclear fuel, claiming it was the only way to avoid dependence on the West for energy. “Oil and gas reserves won’t last forever. If a nation doesn’t think of producing its future energy needs, it will be dependent on domination-seeking powers,” state television quoted Ayatollah Ali Khamenei as saying. Iran produces 4.2 million barrels of oil per day, the second largest exporter of crude among the Organization of Petroleum Exporting Countries, or OPEC. It has the world’s second largest natural gas reserves. Full Story
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