Ahmadinejad shows limited understanding of economics

[trogdor]

This is what the Iranian president had to say <a href="http://apnews.excite.com/article/20060419/D8H3AQBG2.html">about high oil prices</a>:

<i>"The global oil price has not reached its real value yet. The products derived from crude oil are sold at prices dozens of times higher than those charged by oil-producing countries," state-run Tehran radio quoted Ahmadinejad as saying.

"The developed nations are the biggest beneficiary of the added value of oil products," he said.</i>

Uh, dude, the oil is only worth that <i>after</i> it's been refined into gasoline, polymerized into plastics, etc. Until then, it's worth $72 a barrel. Want to make Bush and Biggus Dickus <i>really</i> go completely apeshit? Forget nukes; build some oil refineries, and tell the world you'll only sell the finished gasoline, diesel, polyethylene pellets, etc. Cut Exxon-Mobil, Dow Chemical, etc., completely out of the picture. That'll get their attention, I guarantee it.

[ladjf]

1. That guy could help the situation by shutting the hell up.

[Neil Lisst]

2. I wish that hairy little dwarf would Shut the #$*@ UP!!

Sorry to the dwarfs and the hirsute. I don't really mean it that way for yall.

But Jesus, Mary and Joseph! This guy acts like he's getting his talking points from Karl Rove.

Will someone rid us of this meddlesome Iranian Presidink?!

[BIgJohn83]

3. Good Point...

Moved my question to it's own thread...sorry didn't want to hi jack the topic...