Business  Finance News
'What's worse – high gas prices or nuclear Iran?'
Published: 31.03.12, 20:04
Comment Comment
Print comment Print comment
Back to article
9 Talkbacks for this article
1. Sanctions are worthless. Destroy Iran's nukes NOW!
Chaim ,   Israel   (03.31.12)
Sanctions are merely symbolic. Sanctions alone have never forced any nation to do, or not to do, anything. Only military action can stop Iran's genocidal Mad Mullahs from building nukes. Destroy Iran's nukes NOW!
2. We went from $3.79 a gallon to $4.29 a
Steven Wilson ,   Anchorage, Alaska   (04.01.12)
gallon from the beginning of March. We will be over $5.00 dollars a gallon very soon. Two dollars a gallon would be nice to get to again.
3. #2
Dara Sandow-Vandel ,   Gadera, Israel   (04.01.12)
Difference is, we're paying by the liter not the gallon. The actual price of gas is about 3NIS + Blo which is a tax for I think about 2.5NIS and the rest comes from another tax called MAAM, which is taxed on both amounts. The governement is openly stealing by double taxing us. Aside from that, our Municipal taxes are by % higher then those of the states, and it's now more expensive (by square meter) to purchase an apartment or land in many cities across Israel then it is to purchase in the west end of New York City. We pay 100% in taxes when purchasing a car, food prices are up more than 20% and the list goes on. If gas were our only problem we wouldn't be so worried.
4. Nothing to do with Iran, yet
Matt   (04.01.12)
1. There is enough oil in the market. 2. Iran sanctions are just coming in. 3. Iran threats and war gaming did not increase crude by much. Once the economy improves and people increase spending, that will increase demand which will push up the price further. It is at that point that sanctions and production will start to impact on the pump. Because there will not be enough crude in the market place in relation to demand. Add the increasing global population and change of the class structure in the emerging economies and you will see $200 dollars a barrel. At moment oil should be $140 US a barrel. Iran know that if they can ride out the sanctions (which they can) that the world will need their crude, they are still pumping and putting it in storage. So when the world requires Iranian crude they can release from their storage into the market and control the price, because the world will be reliant on the supply in relation to demand. And knowing the Iranians there will be more demand than supply.
5. High Gas Prices or...
Michael ,   Haifa   (04.01.12)
...nuclear Iran or billions into the Settlements or billions to Haredim or millions into a bloated government or billions lost in tax breaks for the super rich and the list goes on and on...
6. Foolish
Carl van Zijll de Jo ,   Lincoln, NZ   (04.01.12)
How long do we have to put up with people, supposedly to lead the country, making such foolish statements which make no economic sense? Prices of “goods & service” should be the consequence of the expenses to make the good, or provide the service. Any departure from this principle would incur “inflation”, which ultimately will lead to social unrest. For your information Google “The World Monetary Order”.
7. Gazoline prices
Henry Weil ,   Jerusalem   (04.02.12)
Steinitz says its because of Iran only partly true, we can save by eiminating half the useless Ministers as well as reducing the massive financial help given to anti Zionist Haredi organisations but that takes political guts
8. Protect against global recession?
Larry ,   Or Yehuda   (04.02.12)
What about the internal recession? Who cares if Iran is nuclear if we cannot afford to buy basic food stuffs?
9. Israel government is a joke...
Sheik, Rattle & Roll ,   USA   (04.02.12)
They have had these outrageous taxes for years and now all of a sudden when the people start to complain it is because of the Iranian crisis. Who is he trying to mind "F"?
Back to article