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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (25632)2/4/2008 2:57:58 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 71588
 
You are correct, Tim.

Iran has to import around 40% of their gasoline because of the government's meddling in their economy (taking away the profitability of their refining sector so they are short of refinery capacity).

They are far worse off in this area then the US is....



To: TimF who wrote (25632)2/4/2008 2:59:51 PM
From: Peter Dierks  Read Replies (1) | Respond to of 71588
 
The US has the ability to project naval power further than Iran. China's rising navy will increasingly challenge American hegemony.

It is bad enough to have to import oil, but to have to import refined oil products is asking to cede our power and influence.


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