Monday, February 04, 2013

Arabian decline

Oddly, the Saudis alone appear to have understood about overplaying the oil card. The problem is when a commodity is too highly priced alternatives become reality. Thus when gas was cheap there was no need to develop alternatives.

Arabs used the oil weapon to fund their allies in the left.

Now with the advent of Shale Oil the demands of the Oil exporters are over. The first casualty should be Venezuela when oil revenue dries up Chavezism should go with it.

1 comment:

Always On Watch said...

My last heating-oil bill was early $1500! Should last about two months.

You've been to my house, Beak. It's a small house and well insulated. The furnace is an efficient one, and so is this hot-water-radiator heat. And I've got the heat turned off completely upstairs.