COMMENT: Sanctions would help Iran solve its gasoline problems

A close analysis of energy markets and refining capacities in Iran strongly suggests sanctions against gasoline sales to the country—such as have been proposed by bills passed by the US House last Dec. 15 and by the Senate on Jan. 28—would not be effective. In fact, imposition of the sanctions would turn into a blessing for the Islamic Republic.Important statistics must be considered when weighing the merits of sanctions. Iran is the fourth largest oil-producing country in the world and, after Saudi Arabia, the second largest in the Organization of Petroleum Exporting Countries. In addition, Iran's natural gas reserves have been estimated at 948 tcf or more, second in the worl...

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