(January 10, 2016 at 12:50 pm)vorlon13 Wrote: Hate to be snarky (not really) but Iran is sited on a LITERAL ocean of oil, why is anyone cold there ??
It's a political phenomena known as the "resource curse." Resource dependency correlates with slow economic growth and political corruption. There is very little transparency in oil-rich countries, due to the absence of institutional checks, the severity of corruption, and inadequacy of property rights.