Anorak News | Iran Economy Will Do For Ahmadinejad

Iran Economy Will Do For Ahmadinejad

by | 29th, June 2007

HOLD the bombs. Iran’s failing economy will despose the despots:

TEHRAN: Unrest spread in Tehran on Thursday, the second day of gasoline rationing in oil-rich Iran, with drivers lining up for miles, gas stations being set on fire and state-run banks and business centers coming under attack.

Dozens were arrested, and the Tehran police chief, Ismail Ahmadi Moghaddam, complained to reporters that the police had been caught unaware by the decision to ration fuel.

The anger posed a keen threat to President Mahmoud Ahmadinejad, who was elected two years ago on a platform of bringing income from oil to the nation’s households. Instead, even though Iran is one of the world’s largest producers of crude oil, it has been forced to import about 40 percent of its gasoline at an annual cost of $5 billion to make up for shortfalls in its archaic refining industry.

Posted: 29th, June 2007 | In: Reviews Comment | TrackBack | Permalink