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Reply #77: But if oil stays above $60 [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Prophet 451

(1000+ posts) Send PM | Profile | Ignore

Sat Aug-25-07 10:51 AM
Response to Reply #68

77. But if oil stays above $60

then the power shifts to Latin America and Venezuala in particular. The liquid crude in the Mid-East is running out while Venezuala has massive stores of tar sands. Before, it wasn't economically viable to recover it but at $60 a barrel, it's worth it to melt the sand and drain out the oil. That's why the neo-cons have put so much effort into demonising Chavez.

See the paperback edition of Armed Madhouse (Greg Palast).

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