Iran's Oil Woes; An Arab Electric Car?
Plugs and Cars
FEBRUARY 20, 2007
Today the Wall Street Journal (subscription required) reports "Soaring Energy Use Puts Oil Squeeze on Iran." Iran may start rationing gasoline as soon as next month, and its oil exports could dry up in as little as a decade. The stagnation of Iran's oil industry presents a potential crisis for the country and the global oil market. As we all know, Iran is investing in nuclear power to provide a larger chunk of its future energy requirements.