Gas Rationing Sparks Anger in Iran

mimo2005 · 06-27-2007, 10:14 AM

Angry Iranians riot over gasoline rationing

http://590klbj.com/news/article.aspx?id=1165338

**Drew1369** · 06-27-2007, 02:12 PM

In such an oil rich country that is definatly strange!

yustr · 06-27-2007, 03:24 PM

Quote:

Iran has the world's second largest oil reserves but lacks the refinery capacity to meet its own transport fuel demand. OPEC's second largest crude producer imports around 40 percent of its gasoline needs, which it then heavily subsidises.

RedScott · 06-28-2007, 06:58 AM

The rationing is just a result of what came first; price fixing. Since price fixing always leads to shortages, and of course the rationing followed. Those of you who are old enough will remember a time in the United States when we had price controls on our gas as well, and corresponding shortages that ensued.

The problem is governments always think they can go against economic science with no effect.

06-27-2007, 10:14 AM	#1 (permalink)
mimo2005 Manager, The Relaxation Room/Analyst, Security Team Join Date: Oct 2004 Posts: 11,142 OS: xp	Gas Rationing Sparks Anger in Iran Angry Iranians riot over gasoline rationing http://590klbj.com/news/article.aspx?id=1165338 __________________ TSF has outgrown its server, again. Please help "Gutta cavat lapidem, non vi sed saepe cadendo"

06-27-2007, 02:12 PM	#2 (permalink)
Drew1369 Moderator Relaxation Room Join Date: Jan 2007 Location: Seattle, WA, USA Posts: 3,425 OS: Win7 Ultimate	Re: Gas Rationing Sparks Anger in Iran In such an oil rich country that is definatly strange! __________________ We humans have a primal urge to kill because, thanks to natural selection, all the homo sapiens who didn't have a primal urge to kill, were themselves killed. http://obamaclock.org/

06-28-2007, 06:58 AM	#4 (permalink)
RedScott Registered User Join Date: May 2007 Posts: 496 OS: Windows XP	Re: Gas Rationing Sparks Anger in Iran The rationing is just a result of what came first; price fixing. Since price fixing always leads to shortages, and of course the rationing followed. Those of you who are old enough will remember a time in the United States when we had price controls on our gas as well, and corresponding shortages that ensued. The problem is governments always think they can go against economic science with no effect.