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.

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