Oil Tumbles, Jafar is pissed
As oil continues its epically awesome tumble, $.53 cents in 2 weeks, OPEC scrambles to try to save the only export, outside of terrorism, the Middle East and Venezuela possess.
In a desperate move to save oil prices from falling further OPEC members met in Vienna this week to decide what should be done to prop up the price of oil. Obviously they’re not understanding that oil has cost way to much for way too long. OPEC will probably make a cut in production soon (if they haven’t already) which could impact the quickly dropping price of oil as, “the member nations account for two-thirds of the world’s oil reserves, and, as of March 2008, 35.6% of the world’s oil production.” Russia, Mexico and Norway (non OPEC members) should help to fill in the gaps from lack of production from OPEC. Yet another reason to get our economy off oil energy.
A spokesman for OPEC, Jafar, pictured below, said in a prepared statement, “allah ak bar.”
October 26, 2008 2 Comments
Obama vs. Europe
Obama’s stance on “unconditional” negotiations with Iran is not making the democratic nominee any friends in Europe. Obama has already backed off his initial statements early in the campaign cycle when he accounced, “that he’d seek unconditional talks with Iranian President Mahmoud Ahmadinejad. Later, he changed that to talks with “appropriate Iranian leaders” and tried to skirt the “unconditional” bit of his pledge by saying that some “preparatory work” might be needed before he’d sit with an Iranian interlocutor.”
Obama’s impulsive foreign policy stance with Iran is having the effect of pulling the proverbial rug out from under the feet of the European leaders who have been working with the current administration to put up a unified front against Iran’s goals enriching uranium. Obama’s bold stance of “dropping a unanimous Security Council condition would simply be interpreted by Iran and America’s allies as unconditional surrender and America’s friends would view this as confirmation of America’s basic unreliability,” Heisbourg, one of Europe’s leading strategic analysts, told The Washington Post - “a hell of a way to start a presidential term.”
So is this another issue that Obama will flip flop on or will he stay the course? Going it alone has obviously proven disasterous for the Bush Administration which is why after several years of failing in foreign policy arena, with “rogue” nations, they decided to work with our allies and achieve a consesus before moving forward. If Obama becomes President I hope he does the same.
Is going out on our own, alone, the kind of “Change” we’d “Hoped” for?
June 30, 2008 No Comments
