Is it possible that OPEC is trying to sink a few economies? (interview, middle east)
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I recently read about how much particular Middle Eastern economies (the oil countries) are growing and remember hearing the leader of Dubai in an interview state something to the effect that "I want to see my country be number one at everything, from industry, healthcare, education, etc... everything" when questioned about incredible growth he's facilitated over just the past 7 years. With those things in mind, I pose the following. Could the Arab countries (perhaps through OPEC) be purposefully squeezing the economies of other world powers to help make themselves more globally powerful/economically influential, right now?
I suppose they might not need to resort to economic sabotage to accomplish their goals (they simply have a product everyone else needs no matter what they set their price at), but it is a topic I'd like to learn more about since Oil has been headline news for everyday over the past year. Your thoughts anyone?
They are clearly on the downhill side of oil reserves and their ultra cushy lifestyle is going to end- at least so far as income from oil is concerned, not their substantial investments.
They are trying to milk the oil they have left for the next 15-25 years. I suspect we'd do the same thing if we were in their shoes.
No matter how far the price of oil falls or their internal economies collapse; the elites ruling the Arab world will never loose their lavish lifestyle. The ordinary people may starve but the leaders will never notice. It is not in their feudal culture to notice or care about the poor or the workers.
These countries need a socialist revolution even more than us.
If they are I say good for them. The US has been a bully for too long, and deserves high oil prices in return. Instead of pushing around the middle east, we should have spent that money to build algae farms and develop more efficient nuclear power and reverse the national debt. Our military should be all volunteer and not used until this nation is directly attacked. If the "bad guys" threaten us we threaten to nuke them, that's it. But if oil demand was falling they would be too poor to care. We squandered our vast oil reserves and now have to beg for the Saudis to pump more oil. This is so disgusting that I am amazed more people are not angry. The real fun would be if world oil demand drops and the middle east needs more food production. Without oil, what exactly can OPEC do?
If they are I say good for them. The US has been a bully for too long, and deserves high oil prices in return. Instead of pushing around the middle east, we should have spent that money to build algae farms and develop more efficient nuclear power and reverse the national debt. Our military should be all volunteer and not used until this nation is directly attacked. If the "bad guys" threaten us we threaten to nuke them, that's it. But if oil demand was falling they would be too poor to care. We squandered our vast oil reserves and now have to beg for the Saudis to pump more oil. This is so disgusting that I am amazed more people are not angry. The real fun would be if world oil demand drops and the middle east needs more food production. Without oil, what exactly can OPEC do?
we have not squandered our oil reserves, it is just the wack job enviromentalists and their idiot politicians have made laws against the USA drilling on our own land.
No they are just tring to maximize their profits and keep the world economy strong as they have to invest that money they are making. A better quetion is why are we making ourselfs more dependent on foreign oil and other energy by not producing more ourselfs. They have a right to wander why we are not drill known fields ours selfs and then complain.
No matter how far the price of oil falls or their internal economies collapse; the elites ruling the Arab world will never loose their lavish lifestyle. The ordinary people may starve but the leaders will never notice. It is not in their feudal culture to notice or care about the poor or the workers.
These countries need a socialist revolution even more than us.
Actually they need freedom and a constitution that might be a starter and allow other religions and freedom of speech then you might be some economy that will help the people. But the people need their own revolution with their own ideas nobody will give it to them. A socialist revolution is nothing more then a communist revolution and we know clearly their are poor people in communist socialist type economies right?
Actually the poor in this country are FAT so they arent that poor. GregW where in our constitution does it say anything about socialism and the government will will steal from one group to pay for another. Where does it say we must limit free enterprise and limit the individual and economic freedom. Where does it say it MUST PROVIDE economic fairness and economic wealth. Where does it say we must provide security blankets for everyone and we will do it with force. GregW do you believe in individual liberty or do you believe it is the governments job to provide you with money. Your ideas are not American and whatever vision you think you want for America we have TRIED our best to leave those to Europe and Communist counties with it's 7 dollar gas, kings and queens and elitest who believe in running everyone's life and everyones dollar. A Government strong enough to give you everything is strong enough to take it all away. It is because if people like GregW with this line of think we have all this socialism in our own country.
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