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What? Iran running out of oil?

For what makes for more than surprising reading the IHT reports:

"Iran has ensnared itself in a petroleum crisis that could drive its oil exports to zero by 2015. While Iran has the third- largest oil reserves in the world, its exports may be shrinking by 10 to 12 percent per year. How can this be happening?

Heavy industry infrastructure must be maintained to remain productive. This is especially so for oil, because each oil well's output declines slightly every year. If new wells are not drilled to offset natural decline, production will fall.

This is what is happening in Iran, which has failed to reinvest in new production. Why?"

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