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Politics : Foreign Affairs Discussion Group
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To: jttmab who wrote (170939)9/19/2005 9:10:27 AM
From: bentway  Read Replies (2) of 281500
 
"They don't need energy. They have got it."

I think the long term, rational thing for ANY country with oil to do is to sell as little of it as possible at the current low prices. Look at us, we sucked most of our easy oil out and sold it for pennies on the barrel. Had we held it we could be selling it for $70 a barrel now. If we leave the Anwar oil in the ground, at some point in the future, we can sell it for $200 a barrel, or use it ourselves and SAVE $200/barrel. Oil is a finite, decreasing resource.

inflationdata.com
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