Monday, July 31, 2006

Explosive Growth in oil demand...

In Saudi Arabia, apparently.

When you think about it, it makes perfect sense. The money we spend on gas is inevitably going to be spent on things like cars and other oil-intensive activities when it reaches the oil-producing states. What it means is that we're doubly screwed: We pay high prices to countries that subsidize their own oil prices, which encourages domestic consumption, which drives up global prices, which means we send more money to the Persian Gulf... etc.

Jane, get me off this crazy thing!

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