Have the oil robber barons struck? AP: Iraqis protest fuel price hike

[ProSense]

Iraq Fuel Price Hike Sparks Protests
By SINAN SALAHEDDIN, Associated Press Writer
2 hours, 9 minutes ago

BAGHDAD, Iraq - Violent demonstrations broke out across Iraq and the oil minister threatened to resign Monday after the government raised the prices of gasoline and cooking fuel by up to nine times.

The Cabinet raised the prices of gasoline, diesel, kerosene and cooking gas on Sunday to curb a growing black market, Oil Ministry spokesman Assem Jihad said.

The price of a liter of imported and super gasoline was raised to 17 cents, which is a fivefold increase from previous prices. There are about 3.8 liters in a gallon, meaning the new price is about 65 cents a gallon.

The price of locally produced gasoline was raised about sevenfold to about 12 cents per liter, or about 46 cents a gallon.


http://news.yahoo.com/s/ap/20051219/ap_on_re_mi_ea/iraq_fuel_protests

[Supersedeas]

1. hmmmm, taste like Rovian cronyism to me...you?

[Deja Q]

2. So much for a prosperous economy...

Which can only be made prosperous by cheap oil.

[louis-t]

3. Aw, just wait, this is only the beginning for them.

You think Iraq is fucked up now? Wait a few years. The bushies have only just begun to loot.