Friday, June 29, 2007

A revolt in the making in Iran?

These are very interesting times to watch developments in Iran. First there was the surprise move by the government to ration petrol. Then came the spontaneous rights, sparked by people who were angry that a) petrol was being rationed in a country which has one of the largest oil and gas reserves and b) they were not given adequate notice before the order came into effect. Now there are reports that the government has banned all "negative" reports on petrol.

Iran, even though it has large oil reserves, has very little capacity to refine it. It has to depend on otehr countries to refine its crude, importing about 40 per cent on its consumption.

During the unrest, when at least one petrol pump was torched, some of the most explicit anti-Ahmadinejad slogans were heard. Is a revolt in the making?


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