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How the Cost of Oil Makes Countries Stronger or Weaker
news.bbc.co.uk — There is another oil-related issue to worry about: the effect of the high price on international politics. There are myriad political implications of this situation, but particular risks stand out. One is the empowering of energy-rich nations perceived, rightly or not, to pose some sort of threat to international stability or to the west.
MakiMaki- 97 diggs
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- rawg, on 06/13/2008, -0/+3It's worth noting that during the 80's and 90's when oil prices were at historic lows Saudi Arabia and Venezuela were on the verge of bankruptcy. Low oil prices was also one of the reasons that the Soviet Union collapsed. At the time, it was a buyers market and as the worlds biggest consumer of oil, the US was in the driver's seat. The tables have definitely turned.
- Brent2, on 06/15/2008, -0/+1Wars only start over three things. Resources, romance and revenge. Seems like both the first and the last could hurt here.
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