Wednesday, August 1, 2018

Iranian oil

During the oil embargo in the early 70's drivers were upset when they had to wait in long lines to fill up the tank. People are the same world wide in this regard. In Iran the government has for many years used profits from the sale of oil to subsides the cost of gasoline to their people. Prices of 15 cents per gallon were common. Iran contrary to what people think must import most of its gasoline because they don't have the refining capacity. Since gasoline was so cheap for so many years people used their cars without regards to the cost and now since Trump has placed restrictions on gasoline imports to Iran the people are getting upset. This may lead to changes in government policy in Iran.

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