Saturday, May 24, 2008

Our wealth goes to OPEC

From and article by Tom Friedman (NYT):
If this huge transfer of wealth to the petro-authoritarians continues, power will follow. According to Congressional testimony Wednesday by the energy expert Gal Luft, with oil at S2oo a barrel OPEC could “potentially buy Bank of America in one month worth of production, Apple computers in a week and General Motors in just three days.”

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