Fun and Games at the OPEC Summit
 

http://news.bbc.co.uk/2/hi/americas/7101050.stm

Our two favorite America hating nut cases are at it again, this time at the OPEC summit...

"Iranian President Mahmoud Ahmadinejad has suggested an end to the trading of oil in US dollars, calling the currency "a worthless piece of paper".

"Venezuelan President Hugo Chavez and his Ecuadorean counterpart, Rafael Correa, whose country rejoined Opec at the summit, both argued for a more political agenda for the group, but ran into opposition from US ally Saudi Arabia."

One wants to de-stabilize national economies even further and the other wants to use oil as a weapon... gads... :damn:

We've been at the mercy of OPEC since the 1970s. Long before these three whackadoodles showed up. Guess that's what saddens me. The lack of long-range planning to try and keep some energy independence. We haven't really tried to wean ourselves off the oil spigot yet.

How dare they try and determine what happens to their national resources! What arrogance:rotfl: Really, it shouldn't come as a surprise that Iran doesn't want to make life easy for a country that has been making overtures to attack it for the past two years.

If cars ran on cheese, you'd be saying the same thing about France.

:D Chock

I feel the same way. The world has been dependent on petroleum for what, a bit over a hundred years, and we're just now getting serious about alternative renewable fuels and power sources? :nope:

The gravity of the situation really hit home last week when I saw diesel at $3.99/gal in Boston... :o

Nations have only begun worrying about 'energy independance' since they lost possitive control of the tap.

This is why I'm putting all my money into the development of a clockwork powered inter-continental ballistic nuclear missile; when the squabble over dwindling resources kicks off into a full blown war, but the belligerents discover that it will cost them 50 billion dollars worth of fuel to fire a missile 200 yards, I'll be able to make a fortune muhahahahaha!

It's at that point that I'll invite all the world leaders to my secret underwater base in the Caribbean to bid against one another to buy the clockwork ICBM from me, although first I need to employ lots of people to drive around in the background in Austin mini mokes, wearing orange boiler suits and hard hats, and I'll need to find a fluffy white cat from somewhere too, but other than that, it's all sorted.

:D Chock

"Sorry folks, but our Global Nuclear War has been called on account of lack of "enviromentally friendly" fuel for our ICBMs."

Now that is very funny indeed Oberon:rotfl:

:D Chock

@Oberon... Excellent find! :rotfl:

OPEC sticks to the dollar for reasons of political considerations only. Economical/financially, it makes little sense anymore to either invest into the dollar anymore, or to accept payments for oil in dollars. I hate to say it, but Ahmadinejadh this time has a valid point when making mockery of it.

The bubble will burst sooner or later, necessarily. And then you will wish yourself to be far, far away.