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The rising danger of high oil prices by run.dll 2008-09-15 13:02:41
The International Herald Tribune has an interesting article by Henry Kissinger and an associate:

"The tripling in the price of oil from $30 a barrel in 2001 to more than $100 today represents the largest transfer of wealth in human history. The 13 OPEC members alone are expected to earn more than $1 trillion.
Inevitably, this must bring with it major political consequences. Not the least significant aspect of this political and economic earthquake is that it is exacted from the world's most powerful nations by some of the world's weakest. Yet the victims stand by impotently as if the price of oil were some natural event determined by a competitive economic market that is uninfluenced and uninfluencable by political forces. ..."
[ Reply ]
  We're not buying oil anymore we're leasing it by basher202008-09-15 13:12:00
    Isn't that what brought on the who subprime fiasco by Menetlaus2008-09-15 13:34:54
      There: don't let the oilprices drop, the customers by UnFair2008-09-15 13:36:32
      Important difference by basher202008-09-15 13:44:58
        How's that a difference then? by Menetlaus2008-09-15 14:08:55
          I wouldn't be surprised if by basher202008-09-15 14:47:13
  and Kissinger doesn't give the flip side, by run.dll2008-09-15 14:21:16
    The smart oil producing states are broadening by techi8702008-09-15 14:35:31

 

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