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Re:U.S. is now the world’s biggest oil and gas producer by jfb on Monday October 07, 2013 @10:43AM (#6508532)
For instance, Iran, one of the largest oil producing countries in the world, has to import refined gasoline, diesel, &c., because they lack refinery capacity. This in turn leads to enormous expenditures on subsidies to keep consumers and businesses running. One of the drivers for their nuclear program (setting aside the geopolitics of the bomb) is to reduce the cost of domestic energy production.

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