Iran’s President: Oil Has Not Reached ‘Real Value’

Iran President Mahmoud Ahmadinejad said Wednesday that crude oil prices are still below their “real value,” and developed countries are benefiting the most from high oil prices, state-run Tehran radio reported.

“The global oil price has not reached its real value yet. The products derived from crude oil are sold at prices dozens of times higher than those charged by oil-producing countries,” the report quoted Ahmadinejad as saying.
USA Today