A while ago, someone posted a stratfor.com article on the lack of revenues of
the Saudi state... I guess that they have now changed their mind. It's not the
Saudis who will suffer of instability.
>But it is the developing world that will be the hardest hit. Oil
>demand in Asian states alone has already increased by almost
>600,000 bpd in the first half of the year. And most Asian states
>lack substantial energy reserves or significant energy taxes. This
>all makes them far more susceptible to price shocks. Any rise in
>crude prices will directly impact their still-fragile economies.
Right, but the most important reason is that they lack the money to compete
with the relatively inelastic oil demand from rich countries. It'll be particulary
bad for the countries where lots of exports are genrated by oil-consuming
industries... unless they don't wait for SP to break the rules of the current
economic order, that is.
_______________________________________________
Crashlist resources: http://website.lineone.net/~resource_base
To change your options or unsubscribe go to:
http://lists.wwpublish.com/mailman/listinfo/crashlist
