“Well, there’s another Sputnik that just went up: Iran. It’s going to make a nuclear bomb, no matter what the U.N. or U.S. says, because at $60-a-barrel oil, Tehran’s mullahs are rich enough to buy off or tell off the rest of the world.”
To be fair, oil today is trading around $30 a barrel. On the other hand, it was still hanging around $90 a barrel when Iran began serious negotiations with the P5+1.
Friedman, Thomas L. 2006. “The New ‘Sputnik’ Challenges: They All Run on Oil.” The New York Times. Jan. 20: A17.