Oh, The Irony: Iran has no Money to Import Oil

Iran's Oil minister anounced today that starting September 23rd, the country would cease the import of oil to the country due to lack of budget. This latest news from Teheran re-emphesizes the futility of Iran's nuclear energy progrem. Iran,as one of the world's largest exporters of crude oil, does very little refining on its own, which is where the money is. As a result the country exports the crude at the market price per barrel, and imports the more expensive refined product at a higher price (closer to our pump prices). If the reigning mad man in Teheran needed a sign that Iran should end its nuclear progrem (other than being kicked out of the World Cup) this is it! The rediculous amounts of money spent on snicking behind everybody's back with a nuclear progrem that would eventually test the West's patiance, would be far better spent on building refineries. It would be better for the world and it would be better for the Iranian economy. Needless to say this is not the first time the writer of these lines advocates this line of action.

Tags:
Iran, Oil, Politics, Nuclear, World Cup