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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (285513)12/27/2008 10:46:29 PM
From: quehubo1 Recommendation  Read Replies (1) of 793957
 
What these dodos dont realize is that producers who are pinched like Chavez will produce as much as possible, they will also direct investment away from oil production and towards social programs to buy another day in power.

Low prices mean reduced investment in production, low prices stoke demand, pretty soon prices rise again.

Let one country fall apart and the others benefit from the tighter market conditions.
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