Re: Saudis cutting output to keep oil price north of $50
On Jan 30, 2007, at 10:30 AM, Yoshie Furuhashi wrote:
$50 is good enough for Saudi Arabia, but not good enough for Venezuela, let alone Iran, to say nothing of environmentalism.
On the latter, we need carbon taxes; who wants ExxonMobil to get the
windfall?
$50 is still quite a high price by recent historical standards.
Unlike Venezuela, Iran isn’t using its oil windfall for much of
anything decent.
Doug