income by jacking up the price. If so, the daily price chart above shows that isn’t happening.
The price has actually gone down, though only marginally. The chart below is not our usual weekly average, but one showing the annual average for the last decade.
And Iran really doesn’t need to do much to help revenue. The 2011 price was a record at $107.46. It is 14 percent higher than the old record set in 2009. And, not incidentally, it is more than double the $50.64 average for 2005, when President Ahmadi-nejad first took office.
