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Iran rations petrol
http://news.bbc.co.uk/2/hi/middle_east/6243644.stm
Last year they already needed to import refined petrol for 3-4 billion bollars. Roughly 40% of the oil they produce they are consuming themselves, which leaves their exports producing too little income from their oil, instead they spend money on feeding their growing energy needs (which tripled since 1980). The old currency was the Toman, at times of the Schah one Euro today would have counted for around 3 Toman. thanks to the sophisticated policies and economical knowledge of Khomeni and his successors, 1 Euro today buys only 1200-1400 Toman. current inflation rate of recent years is 13-15% |
They forgot how to do algebra?
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Edit: My old man used to say, 'If you play with the bull, you're going to get the horns'. Edit 2: According to Petroleum Argus, around 60 percent of refined oil comes from European oil trader, Vitol. |
...and apparently Iranians aren't too happy about it. :D
http://www.latimes.com/news/nationwo...la-home-center |
Redirecting their refining capacity to other things like say military grade Diesel and Jet Fuel maybe??? :shifty:
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When you have a car like this to drive, you can see why there is a shortage of fuel!
http://news.bbc.co.uk/2/hi/business/4551841.stm |
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