Quote:
Originally Posted by supernoob
Is their gasoline subsidized? Or just untaxed? Lol
I love being a North American. Now if only we can stop those damn terrorists that hate our awesome lifestyles and our awesome women who are allowed to show skin above the ankle!!! Lolol.
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both, depends on the country. And one effects of such cheap gasoline, is gridlock, smog and inefficient cars.
Iran is a net exporter of crude oil but a net importer of oil distillates, meaning, while they have a bunch of the black stuff, they don't have the equipment to make the clear stuff. So the government buys it from foreign refiners and subsidizes it at a price...
https://en.wikipedia.org/wiki/Irania...dy_reform_plan
Venezuela is a nut house today. They export the black stuff and the clear stuff, but the government panders to the socialist ideology, so they're bleeding through lack of taxes on gasoline.
https://www.theguardian.com/world/20...dies-cheap-gas