The Real Cause of High Gas Prices: Libruls
by randym77
Mon May 02, 2005 at 10:09:26 PM PDT
http://www.chronwatch.com/content/contentDisplay.asp?aid=14352
- randym77's diary :: ::

http://www.chronwatch.com/content/contentDisplay.asp?aid=14352
But wait, here's a solution:
http://houston.bizjournals.com/houston/stories/2005/02/21/newscolumn1.html
A Texas thinktank predicts that China will collapse in sixth months. This will cause oil to drop back to under $30 a barrel by the end of the year. Fearing the political instability, foreign investment will flow into the safe haven of the United States, propping up the dollar as a nice side benefit.
The article claims the thinktank is nonpartisan, but they sound conservative to me, blaming China's incipient collapse on their failure to fully embrace the free market.
And gee, I guess Wal-Mart will be in trouble. They get 80% of their goods from China.
On a more serious note, UPI reported today that the real reason for Crown Prince Abdullah's visit to the U.S. was to inform President Bush about the condition of King Fahd. The long-bedridden King is rumored to be clinically dead.
Crown Prince Abdullah, Fahd's brother, has been the defacto head of state for some time now, but the succession may not be as smooth as expected, at least according to this article:
http://www.adnki.com/index_2Level.php?cat=Politics&loid=8.0.159874842&par=0
If I had to bet, I'd say Saudi Arabia is probably more likely to collapse than China. In any case, I'm not planning to buy a Hummer any time soon.
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