Wednesday, October 14, 2009


Saudi Arabia is trying to enlist other oil-producing countries to support a provocative idea: if wealthy countries reduce their oil consumption to combat global warming, they should pay compensation to oil producers.

Alternative provocative idea: If wealthy countries invest in developing oil resources in poor countries and the poor countries then nationalize the assets of wealthy countries and form cartels to prop up prices, poor countries are SOL when consumption decreases.

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