Friday, June 27, 2008
Oil: another good article
The picture above makes things pretty clear; click for the article.
Here's an explanation as to why Indonesia's no longer gonna be in OPEC, and why more dominoes will fall....
If there's any single human-alterable cause of oil prices right now, it's fuel subsidies in many countries that want to hide price-signals from their citizens. These subsidies are a political "third rail", even in tyrannies like China and Saudi Arabia.
Subscribe to:
Posts (Atom)