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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (300819)	8/21/2006 1:59:35 AM
From: tejek	Read Replies (1) \| Respond to of 1572206

Iraq doubles funding for oil imports Its crazy, absolutely crazy!

To: Alighieri who wrote (300819)	8/21/2006 5:39:30 PM
From: TimF	Read Replies (3) \| Respond to of 1572206

If Iraq was forced to import refined products, than its misleading to say "Iraq's oil imports". Iraq is an exporter of oil. However it doesn't have enough refinery capacity to meet the Iraqi demand for refined products. It is hardly the only major oil producer that imports refined products. Iran imports refined products. iran-daily.com Gasoline and the other refined products are not crude oil. Iraq isn't a crude oil importer. Even if you count the volume or weight of refined products that Iraq does import as crude instead of refined products, Iraq would still be a net exporter of crude. A gallon of gasoline now sells on the black market in Baghdad for about $4.92, although its official price is $0.64. Lines of cars at many Baghdad fuel stations stretch several miles, and drivers sometime wait overnight to fill their cars. Long lines, and black markets are not an unusual consequences to artificially low price limits.