An Inconvenient Truth

[kandrathe]

You are aware, I hope, that there are a lot of Muslims in Africa, to include in Nigeria.

The US is not the only market for oil. We add to global demand, which has an impact on global prices. Everyone who buys oil from the PG feeds the Islamist coffers.

Where is China going to get their oil? India? Japan? The Rest of the World, whose demand will grow?

The spot market responds to global demand, not just US demand, even if that shrinks modestly.

Occhi

Well, true enough. But, what has changed since the 60's when asian and middle east oil barrons took control of their nations oil wealth and saw the means to promote their communist revolutions or 12th century jihad? We are familiar with rich wahabists redirecting poor zealots with bombs toward their political enemies in the name of Allah and martyrdom. The Nigerian, Sudanese, Somolian, etc islamic twist just provides a fresh new source for cheap lives to fling at random western targets.

The fact that Mr. Chavez is nationalizing oil companies, then redirecting the wealth to buy russian war planes, guns, and build a bigger and bigger army is a concern. The fact that Mr. Chavez is unveiling memorials to Simon Bolivar in Terran is also a concern.

I'm most worried about anti-western governments seeking to spend their wealth on weapons and armies.