The Nuclear rumor and talk from President Mahmoud Ahmadinejad is actually hiding that fact that Iran is in economic trouble. the big oil price increased show signs of their economic unstabilty
at 3.9 millions gallons a day the oil production was far less of the past. This was probaly all due to the fact that iran failed to invest in refining and the hostility to the use of Western technology has ensured that Iran imports much of its refined oil from the United Arab Emirates.
This cause the goverment become more strict on oil. rationalizing the amount to each citizen which cause a huge increase of the price of oil to the citizens of iran. desipte the 20% increase in budget last year the president had to go back to the iran's parliament the Majlis, six times to ask for more money. it is predicted that iran would cease to be a net oil exporter altogether in 2015.
http://news.independent.co.uk/business/comment/article2347415.ece#2007-03-11T00:00:04-00:00
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