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<blockquote data-quote="av8torntn" data-source="post: 380205" data-attributes="member: 8259"><p>Not exactly true. The Government pays the difference with subsidies. While their country pays private companies to drill they do not have enough refineries to keep up with the growth in demand. They must import large amounts of refined oil. They also have a very large black market for gasoline. You have blindly stumbled into a very large problem for the Iraqi government. While you seem to somehow think it is a successful system the people that live it do not agree. Free enterprise and capitalism is always a good thing. One basic thing to keep in mind is when price falls demand tends to increase. Here is an elementary school article that explains the basics for you.</p><p> </p><p><a href="http://arbyte.us/blog_archive/2005/09/Iraq_Gas_Price_Controls.html" target="_blank">http://arbyte.us/blog_archive/2005/09/Iraq_Gas_Price_Controls.html</a></p></blockquote><p></p>
[QUOTE="av8torntn, post: 380205, member: 8259"] Not exactly true. The Government pays the difference with subsidies. While their country pays private companies to drill they do not have enough refineries to keep up with the growth in demand. They must import large amounts of refined oil. They also have a very large black market for gasoline. You have blindly stumbled into a very large problem for the Iraqi government. While you seem to somehow think it is a successful system the people that live it do not agree. Free enterprise and capitalism is always a good thing. One basic thing to keep in mind is when price falls demand tends to increase. Here is an elementary school article that explains the basics for you. [URL]http://arbyte.us/blog_archive/2005/09/Iraq_Gas_Price_Controls.html[/URL] [/QUOTE]
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