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Link below; my emphasis.
"But consumers in the United States and Europe might have been surprised by another part of the IMF's 62-page report Monday: drivers in Iraq pay as little as 5 cents a gallon for gasoline.
Thanks to generous government subsidies on petroleum products — which the International Monetary Fund criticized as a threat to the country's fragile economy — Iraq has some of the cheapest gas in the world."
"Iraq's government hasn't been able to fulfill its promise to the IMF to slash the massive subsidies, given how much the country already is suffering from escalating violence by insurgents, high unemployment and inflation, and poor electricity, water and sewage services."
Who do you think is paying those "generous government subsidies"? You are, as well as $2.45 a gallon for gasoline.
Link below; my emphasis.
"But consumers in the United States and Europe might have been surprised by another part of the IMF's 62-page report Monday: drivers in Iraq pay as little as 5 cents a gallon for gasoline.
Thanks to generous government subsidies on petroleum products — which the International Monetary Fund criticized as a threat to the country's fragile economy — Iraq has some of the cheapest gas in the world."
"Iraq's government hasn't been able to fulfill its promise to the IMF to slash the massive subsidies, given how much the country already is suffering from escalating violence by insurgents, high unemployment and inflation, and poor electricity, water and sewage services."
Who do you think is paying those "generous government subsidies"? You are, as well as $2.45 a gallon for gasoline.
