Clark Kent
<B>News Bot</B>
- Joined
- Sep 11, 2006
- Messages
- 7,128
- Reaction score
- 6
Iran's 'mullahnomics' is failing
By - 03-02-2010 04:11 PM
Originally Posted at: The Japan Times Online
====================
ISTANBUL As the standoff between Iran's government and opposition continues, one factor that may determine the outcome, but which is rarely discussed, is the rickety state of the Iranian economy. Will its sclerotic performance ultimately turn out to be what tips the balance?
Iran's economy has struggled ever since the Islamic Revolution, partly because of the economic embargo imposed by the United States three decades ago. Today, with Iran starved of technology and spare parts for existing equipment, OPEC's second-largest oil producer in 2006 has become a net importer of refined petroleum products. Indeed, conditions in Iran's oil industry had so deteriorated in 2007 that gasoline rationing was introduced, opening the way to a thriving black market.
Read More...
------------------------------------
The Japan Times Online
By - 03-02-2010 04:11 PM
Originally Posted at: The Japan Times Online
====================
ISTANBUL As the standoff between Iran's government and opposition continues, one factor that may determine the outcome, but which is rarely discussed, is the rickety state of the Iranian economy. Will its sclerotic performance ultimately turn out to be what tips the balance?
Iran's economy has struggled ever since the Islamic Revolution, partly because of the economic embargo imposed by the United States three decades ago. Today, with Iran starved of technology and spare parts for existing equipment, OPEC's second-largest oil producer in 2006 has become a net importer of refined petroleum products. Indeed, conditions in Iran's oil industry had so deteriorated in 2007 that gasoline rationing was introduced, opening the way to a thriving black market.
Read More...
------------------------------------
The Japan Times Online
