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To: bert

I’ll try to find the source for my figure. Meanwhile, either percentage is big, since the demand for gasoline is so inelastic (e.g., small swings in quantity product huge swings in price).


12 posted on 04/14/2010 7:49:13 AM PDT by econjack (Some people are as dumb as soup.)
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To: econjack

.....Despite Iran’s status as a top OPEC nation exporting 2.6 million barrels of oil per day, it lacks the required refining capacity to meet domestic demand for fuel and must import more than 40 percent of its gasoline. ......

You said distillates. This says Gasoline . There might be a heavier weighting of diesel.

http://www.house.gov/list/press/il10_kirk/Iran_Sanctions_Enhancement_Act.html


13 posted on 04/14/2010 7:57:01 AM PDT by bert (K.E. N.P. +12 . Ostracize Democrats. There can be no Democrat friends.)
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