Saturday, May 20, 2006

Chavez to shut pie-hole by 2010

Simply because oil prices will settle down, and he won’t have the money to “purchase consent” with. In the mean time, while the Gulf states diversifies and develop, Ahmedinejad’s crowd in Iran will likely keep pouring their resources into nukes and political boondoggles instead of solid economic development, the wind will close to them too.

Standard Chartered Bank (SCB) expects oil prices to average around $40 a barrel by 2010 but said it may not dim the economic prospects of the Middle East in general and particularly the GCC due to the structural changes in economies, mainly Qatar, UAE and Saudi Arabia.
It’s still the economy, stupid. Red + Green = smoldering grey ashes once their populations get the picture.the fuse is lit!

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