The Happy Arab News Service

Friday, October 2, 2009

Burning money, cooking troubles

This post is an update to Flashdance. If you have any comments, leave them there

This chart from the last Economist gives a very good perspective on the situation of energy subsidies in Iran.

Source: The Economist

As can be seen in the table, Iran is leading the way, and by a wide margin, when compared to other countries by the sheer volume of its energy subsidies. Iran is a big country of course. However, it's also obvious from the table that Iran is still at the top when the subsidies are recalculated per capita, only Saudi Arabia spends more. It spends $786 per person in energy subsidies every year. The subsidies not only account for the lion's share of the budget, but they are also responsible for the out of control domestic petroleum consumption that, according to some, may undermine the nation's position as a leading oil exporter at some point during the next decade.

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Proclaimed un monstruooo muy monstruoso at 6:48 PM