« California Foreclosure Surge | Main | This needs to be open sourced »
April 22, 2008
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Posted by: Claymore | April 22, 2008 at 05:56 PM
Jeremy Gilbert's comments particularly worth thinking about :
"Local leaders have repeatedly said that they feel an obligation to preserve some of their natural resources. These feelings must be intensified when their recent production has been sold for US dollars which have depreciated by 25% or more against other strong world currencies over the last four years.
“The countries around the Gulf, which would once have come to the aid of a faltering U.S., now are either delighted about the U.S. plight or just don't care. They are not going to do anything to reduce world oil prices. Instead, they are going to maximize their economic take while minimizing depletion of their sole natural resource.”
Posted by: interstar | April 23, 2008 at 04:19 PM