More good examples of why socialism/totaliarism don't work. Hope they totally collapse.
On Sat, Nov 22, 2008 at 3:04 PM, rigsy03 <[EMAIL PROTECTED]> wrote: > > But considering human nature, d.b., and the millions of unsold cars > with slashed prices, I think Americans and those that like American > cars (the Chinese prefer Buicks) will simply disregard low gas mileage > now that oil/gas is low and the mery-go-round will twirl again. > > On Nov 22, 12:10 pm, "d.b.baker" <[EMAIL PROTECTED]> wrote: > > [Q] - Russia is now lurching towards a major economic crisis, experts > > predicted today, following news that the price of oil had slumped to > > under $50 a barrel. > > > > The collapse in the value of oil was likely to have several > > catastrophic consequences for Russia including a possible devaluation > > of the rouble and a severe drop in living standards next year, they > > warned. . . . - > http://www.guardian.co.uk/world/2008/nov/20/oil-russia-economy-putin-... > > > > [Q] - Iran is the second largest Opec oil producer and already feeling > > the pain of declining prices more than any other in the Middle East. > > > > Its "rainy day" oil stabilisation fund, used to release profits when > > revenues decline, is reportedly badly depleted as a result of > > mismanagement by Mahmoud Ahmadinejad's government... > > > > Iran is especially vulnerable because 80% of its revenue comes from > > oil. - > http://www.guardian.co.uk/world/2008/nov/20/iran-oil-prices-mahmoud-a... > > > > [Q] - Hugo Chavez has reduced Venezuela's support to foreign allies > > and is poised to make deeper cuts at home and abroad as plunging oil > > revenues hit his self-styled socialist revolution. > > > > The government has warned of austerity measures after years of > > breakneck spending on social programmes, nationalisations, arms and > > diplomacy, an exhilarating splurge when there seemed no end to petro- > > dollars. > > > > South America's energy giant relies on oil for half of its exports and > > 95% of government revenue, leaving Chavez's ideological and political > > ambitions vulnerable to a crunch. . . - > http://www.guardian.co.uk/world/2008/nov/20/hugo-chavez-venezuela-oil... > > > -- *~@):~{> --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
