Admittedly, some of the smarter ones acknowledge that the demand-supply balance (a real law) will happen via demand destruction; in the past, that meant poor people far away doing without oil; today, it means poor people not far away enough (because they vote here) doing with less - so quick, they must be distracted. Hey, it's taxes! Hey, it's the evil Russians! Hey, it's evil Saudis! etc, etc...
So those blaming Chavez are slightly less clueless than those blaming Brown. In the long run, we're all dead. John Maynard Keynes
Don't confuse the 'economist' quoted in the business press with a normal economist ... they are mostly economic analysts working for someone peddling something who are allowing themselves to be quoted in return for getting their employer's name in the paper for free. Utsukushikereba sore de ii
