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Oil Export
Posted by Tim (more from Tim) on Mon, 29 Oct 2012 15:28:58
In Reply to: Syrian oil, Brucer, Mon, 29 Oct 2012 15:03:51
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Emmanuel Goldsteins of the world do not need much money to stay in business, nor do their "Brootherhood" (I got the chuckle the first time I heard "Muslim Brotherhood"). Supposedly, the 2001 attack cost only about $100k. How can we stop any country from making more than $100k? The answer is we can't.
Oil Export actually makes the exporter far more dependent on the oil trade than the importers do: importers can buy from other sources but the exporter will hooked on the revenue stream. Once the exporter is used to living on the high hog of high oil prices, with all sorts of bureaucratic rent seekers riding on the gravy train, that country is set for collapse when the oil price is manipulated the other way . . . just like what happened to the soviet union, which was crushed by crashing oil prices. It works just like any other asset bubble, and the totalitarian states are especially prone to wasting their money on stupid things when the goings are good, signing up for the national equivalent of boat payments. LOL.
posted by 75.69.1...
Posts in this Thread:
- why I am increasingly happy Saab is going electric, JohnA , Mon, 29 Oct 2012 07:09:28
- Liquid hydrocarbon will still be the battery, Tim, Mon, 29 Oct 2012 13:21:27
- Just more "green" B.S., JerseySaab , Mon, 29 Oct 2012 10:25:01
- And coal will still be mined..., CWilson, Wed, 31 Oct 2012 07:47:14
- Re: Just more "green" B.S., Brucer, Mon, 29 Oct 2012 13:47:47
- Re: Just more "green" B.S., JerseySaab , Mon, 29 Oct 2012 14:10:36
- Re: Just more "green" B.S., Tim, Mon, 29 Oct 2012 14:07:33
- Syrian oil, Brucer, Mon, 29 Oct 2012 15:03:51
- Oil Export, Tim, Mon, 29 Oct 2012 15:28:58 <-- Viewing This Message
- Re: Just more "green" B.S., JerseySaab , Mon, 29 Oct 2012 14:18:56
- Re: Just more "green" B.S., Tim, Mon, 29 Oct 2012 14:11:35
- Re: Just more "green" B.S., friendofbear , Mon, 29 Oct 2012 12:39:02
- Green hippies !?, BMcP, Mon, 29 Oct 2012 11:57:45
- Re: why I am increasingly happy Saab is going electric, EGD , Mon, 29 Oct 2012 10:15:05
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