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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (307612)10/26/2006 1:32:03 PM
From: TimF  Read Replies (1) of 1571734
 
It certainly true that many oil producing countries our not very free (this isn't limited to oil, countries with economies based largely on a single natural resource are frequently not very free), and I even think its likely that there is to an extent a causal relationship, not just corelation due to other factors; but I don't know that there is any solid evidence for Friedman's "First Law of Petropolitics”, that higher prices for oil reduce freedom. Most or all of the unfree oil producing countries where also unfree when prices where lower.

Friedman does have a good point though about how higher oil and gas prices give Russia more influence and power.
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