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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (217849)	2/12/2007 3:10:12 AM
From: Dayuhan	Respond to of 281500

with a doubling of revenues they would have to be fairly stupid to not figure out a way to quell unrest. Then why Iran is in such bad shape economically after 3 years of record oil prices? Pouring oil money into circulation without any increase in productivity is what caused the problem in the first place; dumping more in will just accelerate inflation, and without productive investment - which the state-controlled economy has not been able to generate - it will produce very few jobs. High oil prices are a mixed blessing for Iran. Because of their failure to develop refining capacity, Iran imports huge quantities of gasoline and other refined products, which is sold at a small fraction of the price it's bought for: Iran has some of the cheapest gas in the world. Needless to say, this creates rather serious budget problems. I would imagine they could introduce price controls on staples When has that ever worked, anywhere? I don't really follow Iran's economy. Perhaps you should. It has a bit of an impact on what goes on there.