Iran Feels the Hit of Falling Oil Prices

After taunting the United States about their economic crisis, calling it "God's punishment," the people of Iran quickly realized that their economic status was about to change too. Iran has found itself in a bind because of the plunging oil prices. People have quickly put the blame on Iran's president, Mahmoud Ahmadinejad, because he and his government failed to save any of the billions of dollars from the oil sales. Critics are saying that Iran could have as little as $9 billion left in their reserve, while it's predicted that the government earned around $66 billion a year in oil revenue. The low number has shocked the country, causing some to think that Ahmadinejad could be taking the money unlawfully. According to the Associated Press, Iran should be "swimming in money". It seems that Iran's economy is in a terrible state along with other countries right now. It is unfortunate that most of the country had no idea this ordeal was going on.