Hitch on Hardball

Christian Gregory christian11 at mindspring.com
Fri Oct 18 12:11:41 PDT 2002



>
> What do you have in mind? A retreat would probably lower the chances of
violence against us, and wouldn't have much effect on oil prices either. What's the danger, if you're not an ExxonMobil or Lockheed Martin shareholder?

I was just assuming, perhaps wrongly, that if, say oil were no longer invoiced in dollars and ME countries no longer recycled their current account surpluses in US instruments, that could crimp Americans' styles seriously. Do you think that if the US were no longer clearly dominant power in the ME that oil prices and supplies wouldn't be seriously changed or disturbed? No short or medium term volatility?

Christian



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