Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Then it's still the same lose-lose situation SA, Iran, and Kuwait face - export the remaining oil in order to fund the budget while the public riots due to lack of fabulously subsidized oil, or placate the public and watch the budget go into the red to the point of government breakdown. Iran is already grappling with this (even as it's largely presented as a lack of internal refinery capacity). [On a side note the middle east is in a far, far more volatile situation as their population levels can't be supported without (essentially) trading oil for food.]

you are the media you consume.

by MillMan (millguy at gmail) on Tue Jul 17th, 2007 at 04:47:20 PM EST
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