1.
Teen solves centuries-old math problem
TEHRAN, June 22 (UPI) -- The national oil refining company in Iran reports a 5 percent decline in the average consumption rate of gas in the wake of the disputed presidential election.
The National Iranian Oil Refining and Distributing Co. found from June 12 to June 19, the average daily consumption of gasoline fell 850,000 gallons to 15.9 million gallons per day compared with the prior week, the Petroenergy Information Network reports.
Iran enacted gasoline consumption rationing in an effort to control imports. Despite Iran holding some of the largest natural gas deposits in the world, the country is forced to import gasoline to make up for inadequate refining capacity.
Tehran in June 2008 implemented the rationing system and in May called for restrictions on personal vehicle usage in what it said was an effort to alleviate traffic congestion.
The PIN report says the decline in consumption rates was attributed to the rationing schemes. Consumption rates, the report says, would approach 22.5 million gallons per day without the restrictions.
Iran, meanwhile, was rocked with street protests over the disputed June 12 presidential election, though the report makes no mention of the demonstrations.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
HAVANA, May 25 (UPI) --
Cuba is reportedly sitting on vast underwater oil and gas reserves, but none came up in the latest exploration, a joint Chinese-Spanish undertaking.
|
LONDON, May 25 (UPI) --
Military pilot training and training aircraft were in the news this week, with European companies reaping more than $3 billion in contracts.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
The photos are familiar, but the captions are not, as economic tension skips across the continent of Europe.
|
View Caption
