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That would actually be an excellent, excellent deal for the West, in the long run.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Mon Apr 3rd, 2006 at 03:51:53 AM EST
[ Parent ]
Expect another coup attempt soon.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Apr 3rd, 2006 at 04:40:41 AM EST
[ Parent ]
I can see why it's a good deal for us, but what's his motive for doing so. Surely he would really want prices to rise and improve his economy ? The world still has to buy the oil, however difficult to refine. There's nowhere else for us to go.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Apr 3rd, 2006 at 06:22:56 AM EST
[ Parent ]
I did wonder that, but my guess is that if a long term agreement is formed, this reduces the incentive for the US to mess about with the internal politics of Venezuala, which from Chavez personal point of view makes life a lot simpler.
by Metatone (metatone [a|t] gmail (dot) com) on Mon Apr 3rd, 2006 at 06:57:37 AM EST
[ Parent ]
Because by increasing the officially tally of reserves, he would be able to sell more oil while staying within the OPEC agreements.
by asdf on Mon Apr 3rd, 2006 at 08:40:53 AM EST
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A much better deal for Western countries would be to understand that oil is an unreliable source of energy whose proceeds go mostly to the wrong people, which promote corruption at home and abroad, and which push us into stupid and counterproductive foreign policies, and that it's a much better to get rid of it entirely.

I, for one, welcome the $300 barrel of oil ...
by Francois in Paris on Mon Apr 3rd, 2006 at 08:43:37 AM EST
[ Parent ]
I prefer the 90-120 $ band. The perfect price for a smooth transition.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Tue Apr 4th, 2006 at 05:47:07 AM EST
[ Parent ]
I want to see your underlying model.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Tue Apr 4th, 2006 at 05:48:33 AM EST
[ Parent ]
Wild guess.

The present one is not enough to kick it out completely.

150$ dollars would make groceris double price.. it will get to make a dent on wages and we would think all the sky falls over our heads
90-120 seems a comfortable band whcih cna be achieved win a couple of years ina smoothly way. We would get rid of the big cars and introdcue hybrids to compensate the high price. Good enough for a wake-up call and good enough to make gas more expensive comapre with nuclear and wind...but not high enough to scare th ehell out of everybody.

Wild guess.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Tue Apr 4th, 2006 at 05:54:44 AM EST
[ Parent ]

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