It cost Iran $20 to produce 1 barrel as opposed to $2 for other middle eastern countries.
2007-03-25 04:25:08 · 6 answers · asked by Anonymous in Politics & Government ➔ Politics
Other OPEC nations have allowed private companies to pump their crude using state of the art equipment. Irans is out dated and costly to run.
2007-03-25 04:42:14 · update #1
OPEC is making the most of a bad situation....Yes gas prices are up...but not enough for Iran to continue pooring money into their nuclear proliferation dreams.
2007-03-25 04:44:19 · update #2
YES!
2007-03-25 04:30:27 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I don't see what you mean about keeping it low. In 1992, crude sold for 10 bucks a barrel on the market. Today is stays in the 50 to 60 dollar a barrel range.
But if it cost other countries only 2 bucks and Iran it costs 20 bucks, I would like to read that source to learn more about it.
2007-03-25 04:31:09 · answer #2 · answered by Dog Lover 7 · 0⤊ 0⤋
And crude sells for $60. Iran is making $40 per barrel, or 200% profit. So, why are they going bankrupt? Because weapons grade uranium is expensive. They want atom bombs to drop on Israel.
Iran would be in great shape if they would stop developing war toys.
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2007-03-25 04:34:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They say they can survive with how low it can go?
Ever wonder what other sources of income will they have?
Ever wonder the small end?
2007-03-25 04:35:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No. The reason is to stabilize the world economy. It is time to work on bio fuel.
2007-03-25 04:28:56 · answer #5 · answered by c1523456 6 · 0⤊ 1⤋
Are you serious?? What the hell are you paying at the pump??
2007-03-25 04:29:36 · answer #6 · answered by J S 4 · 0⤊ 1⤋