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True. But there's a long shot from a temporary oil shock to WWIII. The former I can live with. The latter... not so much.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Aug 8th, 2008 at 10:43:22 AM EST
[ Parent ]
It doesn't take much of a "temporary oil shock" to send struggling economies into a tailspin.

And in countries like China, Indonesia, and Iran maintaining subsidies for gas will be hard, and without them there's bound to be a lot of civil unrest.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Fri Aug 8th, 2008 at 10:48:59 AM EST
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