Iran and Venezuela going down the tubes...

Discussion in 'Politics & Religion' started by maxpi, Apr 21, 2009.

  1. maxpi

    maxpi

    I'm not real big on facts and stats but I recall reading that both Iran and Venezuela need oil above about $75 or they are screwed... too bad for them, leaders of both are stepping up the rhetoric at this terrible time in their political lives too... great leadership they have going there, looking for the scapegoats, blaming the Jews and Capitalists of the west probably... probably their kool aid sucking followers will buy it too...

    http://www.reuters.com/article/hotStocksNews/idUSSP42558220090420

    NEW YORK (Reuters) - Oil slid over 8 percent to under $46 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand...........