The Oil Drum | DrumBeat: June 23, 2006

151 comments on DrumBeat: June 23, 2006

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Testudo on June 23, 2006 - 9:41am

Interesting that the Iranian government would say that they are unable to pay for imported gasoline while crude prices are so high. It would seem that the budget surplus from the high-than-predicted crude prices would be enough to pay for the higher gasoline price.

The interesting part is that an enbargo of gasoline exports to Iran has often been mentioned as a possible sanction if Iran does not stop enrichment. Instead of a budget issue, a suspension of gasoline imports may be Iran's way to prepare for forced lower domestic consumption and a way to neutralize the threat as a negotiating tactic.

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Oil CEO on June 23, 2006 - 12:22pm

Good point. This would certainly seem to be a possibility.

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Mad Maxout on June 23, 2006 - 10:59pm

Certainly a good move on the Ayatullahs' part! Go on the "diet" before anyone forces them to. This does a lot to reduce sanctions' effects if we go and do it up. A minor problem is pissing off those college grad kids who are waiting for some Westernism to get there. They want Westernism to some extent but the clerics don't.

Who knows? Maybe they might see the light in that just you wait for Mohommed to return but he will not. Kind of like Melanesians who set up airports waiting for us Americans to come back not understanding our logistical/economic system. (Melanesians are prone to "cargo cults" due to WW v.2.0)

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151 comments on DrumBeat: June 23, 2006

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