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The New DU. Reply #27: I got the idea from Eric Margolis. I strongly suspect that...
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Thu Sep-30-04 09:03 AM
Response to Reply #25 |
| 27. I got the idea from Eric Margolis. I strongly suspect that... |
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...chaos in the ME has a very direct influence on the economies of Europe. What are Europe's primary sources of oil? The North Sea and the ME. The UK probably has things under control becuase. Germany doesn't.
Blair is keeping the economy cool in the UK. Schroeder has less control.
Schroeder HAD support because of Iraq. Schroder is loosing support now because of the economy.
Economic development is fueled by fuel. The cost of oil has a direct influence on economic development. When the price goes up, it means that oil companies get a big slice of the cost of economic development, and the cost itself creates more friction for development. Eric Margolis has an entire book -- War at the Top of the World -- about the geopolitics of oil.
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