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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (4004)	1/7/2009 9:06:32 PM
From: RetiredNow	Read Replies (1) \| Respond to of 86356

At $100 a barrel, OPEC's oil assets stand at roughly $92 trillion, equivalent to almost half of the world's total financial assets and nearly twice the market capitalization of all the companies traded in the world's 27 top stock markets. If one adds the worth of OPEC's huge gas reserves as well as additional oil reserves that have not yet been discovered, the wealth of OPEC more than doubles. That's another excerpt from that article. Keep in mind that at our peak, the US gross assets estimate was $50 trillion. Now a year into this recession, our gross assets are probably more like $30-35 trillion. So the OPEC countries have more wealth than us and our consumption habits are the largest reason why they have that wealth, which they are using to buy up our future revenue streams and our companies. Wealth buys power and power means they can impose their intolerant religion on us. We have to stop ignoring the link between oil usage and empowerment of Islam and its extremists, as well as all the petro-dictatorships out there.