[lbo-talk] High oil prices rock

joanna 123hop at comcast.net
Sat Oct 15 15:01:07 PDT 2005


Chris Doss wrote:


>Like it or not, Russia is on the path of
>reconstituting the power and influence of the former
>Soviet Union in world affairs. There is an important
>difference though  Russia will regain this influence
>and power under 21st century terms: instead of a
>threatening conventional military and nuclear arsenal,
>it will take advantage of its vast oil and gas
>resources to regain its international prominence.
>Clearly a $100 barrel a dollar oil regime is not
>immediately in the cards, but it does demand the world
>to take pause. Even the conventional wisdom of a $50 a
>barrel should be a wake up call. 0-
>
Yes. And if the dollar crumbles...Russia has lots of gold. Frankly, this cheers me up. I'd so much rather learn Russian than Chinese.

Joanna


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