Tuesday, July 03, 2007

Oil War Continues

Chavez will sell Ahmadinejad gasoline:

Venezuela has agreed to sell gasoline to Iran, the South American county's energy minister said in comments published Tuesday, a week after the Islamic country imposed a fuel rationing program that has sparked violence.

Rationing to the public may make it hard for Iranians to sell cheap gasoline to Iraq on the black market, but as long as the gasoline is coming from an Iranian ally, I bet some mullahs will get even richer doing the same thing on a larger scale.

Mark my words, Iranian gasoline imports won't decline because of rationing. Indeed, now that the mullahs can monopolize the trade, I expect gasoline imports to Iran to rise.

And the Iraqi economic warfare against Iran will go on.