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Thesis & Antithesis

A critical perspective on energy, international politics & current affairs

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Location: Washington, D.C.

greekdefaultwatch@gmail.com Natural gas consultant by day, blogger on the Greek economy by night. Trained as an economist and political scientist. I believe in common sense and in data, and my aim is to offer insight written in language that is clear and convincing.

08 March 2006

Rationing abundance?

Iran is the world’s fourth and OPEC’s second largest crude oil producer. Its conventional oil and natural gas reserves are both the second largest behind Saudi Arabia and Russia respectively. Yet Iran imports natural gas because it has not invested enough money to make gas production profitable. And today, Iran’s parliament passed a law to ration petrol (Iran has a small refining base and it imports gasoline -- link).

How sad…

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