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Petro-Dictators Reeling December 27, 2008

Posted by tkcollier in Economy & Business, Geopolitics.
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The depression — let’s call it what it is — leaves us, well, depressed. But there is very good news from around the world. Our enemies are collapsing under the strain of dropping oil and gas prices.

What we had all hoped conservation and offshore drilling would achieve, the global economic collapse is accomplishing: the defeat of OPEC, Iran, Chavez, Putin and the weakening of the financial underpinnings of Islamist terrorism. In each of these nations, the hold of the dictator is weakening as, one after the other, they face the consequences of dropping oil prices.

The pressure to stay in power will be so intense that these leaders will force production as high as they can to offset the shortfall. The result is that there will be constant deflationary pressure on oil prices, a vicious cycle that will impoverish all the right people.

via Newsmax.com – Suppliers Feeling the Sting of Oil Prices.

Comments»

1. randy - December 29, 2008

This one’s easy; it’s written by Richard Morris, literally ‘Dick’ for short.
“His tenure on the Clinton campaign was cut short two months before the election, when it was revealed that he had allowed a prostitute to listen in on conversations with the President.”

In the tenth paragraph of his article he states, “Evo Morales, the head of Bolivia who got elected pledging to allow cocoa cultivation again . . .”
Yeah, Evo had a major contract with Hershey’s.

The article is political satire; the price of oil is going to go back up, because it’s Israel that is headed downward . . . . HARD!!


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