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Old May 31, 2007 | 05:36 PM
  #33 (permalink)  
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Rob M
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Joined: Feb 2004
Posts: 862
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From: Maryland
Default Re: Big Oil and the Truth

Originally Posted by nascarhq
gas in iran is 4 cents a gallon, if you are so naive that you think oil is a free market you probably believe just about anything.
4 cents a gallon? lol.

try 38 cents a gallon. but it's not $0.38 because they can produce gasoline at that price. keep in mind that iran buys nearly half of its gasoline on the open market because they too have limited refinery capacity. countries like saudi arabia, iran, and venezuela heavily subsidize the cost of fuel as a "favor" to their people. of course, even at $0.38 the typical iranian making around $2k per year cannot afford to own a car much less pay to keep it fueled so the poorest people don't stand to benefit at all. and guess what's coming next for the iranian consumer? gas rationing. you can only buy so much at the cheap price. need more then you'll pay much more if you're even allowed to exceed your ration. does anyone here remember what happened when then president nixon (r) implemented price controls on gasoline? i was just a small child but i remember waiting in line with mom to buy gas.
 
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